Comerica Bank Implements easyLENDER Mortgage Loan Origination Software System from Fiserv Lending Solutions.Business Editors LAKE MARY Lake Mary may refer to:
Fiserv Lending Solutions, a unit of Fiserv, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FISV FISV Fiserv, Inc (stock symbol) ), announced that Comerica Bank has implemented the easyLENDER(R) Mortgage loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and processing system to support its growing, multi-channel mortgage-lending operations. The $59 billion-asset bank is among the 20 largest banking companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and had $400 million in loan originations as of December 31, 2002. After a two-year search for a new loan origination system, Comerica selected Fiserv for its strong commitment to the financial-services industry and for easyLENDER's ability to simplify the bank's lending processes. easyLENDER Mortgage is a complete and easy-to-use system that handles lending functions from the point of sale to delivery to investors, thus enabling Comerica to reduce the number of business applications its staff must learn and maintain. In addition, because all loan data now resides in a single easyLENDER database, the new loan origination system will contribute to improved staff productivity by eliminating redundant data entry and generating more comprehensive management reports. Comerica also will benefit from the seamless exchange of loan-application data and status information between easyLENDER and the bank's mortgage-lending Web site. Using easyLENDER's middleware solution, easyCONNECT(TM), the bank will benefit from enhanced Form 1003 loan-application import functionality that enables its loan processors to access more customer-originated information, thereby accelerating the loan cycle. During processing, easyLENDER will return loan-status information to the bank's lending Web site, thus keeping Web-based borrowers regularly informed about the status of their loan applications. "Customers expect us to close their loans as quickly as possible," said David B. Green, First Vice President of Comerica Bank. "easyLENDER enables us to gather the information we need, manage it efficiently and make fast lending decisions." "We're pleased to have Comerica, a nationally recognized financial institution, join our easyLENDER client family," said Dan Welbaum, Fiserv Lending Solutions Senior Vice President of Sales and Marketing for easyLENDER Products. "By complementing Comerica's focus on providing excellent service and implementing highly integrated lending solutions, easyLENDER will help streamline every aspect of Comerica's mortgage-lending business." Comerica Incorporated (NYSE NYSE See: New York Stock Exchange :CMA CMA - Concert Multithread Architecture from DEC. ) is a financial-services company headquartered in Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation). Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait . Comerica focuses on relationships, and on helping people and businesses to be successful. Comerica reported total assets of $59 billion at June 30, 2003. Comerica is on the Internet at www.comerica.com. To receive e-mail alerts of breaking Comerica news, go to www.comerica.com/newsalerts. Fiserv Lending Solutions, a unit of Fiserv, Inc, is a leading provider of loan origination and processing technology to the financial-services industry. Fiserv Lending Solutions can be found on the Internet at www.fiservlendingsolutions.com. Its products include: -- easyLENDER Mortgage and easyLENDER Consumer/Commercial, which are complete, Windows(R)-based software packages that automate every phase of loan origination, processing and closing for banks, thrifts, and credit unions. -- UniFi(R) PRO Mortgage eX, which is a highly customizable, enterprise-wide lending solution of unlimited scalability for larger, multi-channel lenders. Fiserv, Inc. (NASDAQ:FISV) provides industry leading information management systems and services to the financial industry, including transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , outsourcing, business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in and software and systems solutions. The company serves more than 14,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin
Brookfield is a city in Waukesha County, Wisconsin, United States. The population was 38,649 at the 2000 census, but the city's population recently exceeded 40,000 people. , Fiserv reported $2.3 billion in processing and services revenues for 2002. Fiserv can be found on the Internet at www.fiserv.com. |
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