EMC Mortgage Corporation Licenses Fiserv UniFi PRO Mortgage Software.Business Editors LAKE MARY Lake Mary may refer to:
Bear Stearns Subsidiary to Benefit from Extensive Support for Data and Systems Integration Fiserv Lending Solutions, a unit of Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ), announced that it has signed an agreement to provide its UniFi(R) PRO Mortgage software and implementation services to EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Mortgage Corporation (EMC), a purchaser of closed mortgage loans from a select group of sellers. EMC, based in Irving, Texas, is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Bear Stearns Companies, Inc. (NYSE NYSE See: New York Stock Exchange :BSC (Binary Synchronous Communications) See bisync. ). UniFi PRO Mortgage will support the growth of EMC's flow-loan conduit program, a new line of business for the company. The UniFi PRO Mortgage solution is expected to significantly increase EMC's operating efficiencies by automating workflows associated with the review of flow loans and enabling the coordination and strategic use of data originating from multiple business systems. Fiserv Lending Solutions also will provide implementation support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for EMC. Fiserv Lending Solutions will support the EMC team throughout the implementation process with project management, business and technical consulting, and the development of a user training program. "We are delighted to welcome EMC Mortgage Corporation to the Fiserv client family," said Dan Welbaum, Senior Vice President of Sales and Marketing for Fiserv Lending Solutions. "EMC has an extensive and advanced computing environment (body) Advanced Computing Environment - (ACE) A consortium to agree on an open architecture based on the MIPS R4000 chip. A computer architecture ARCS will be defined, on which either OS/2 or Open Desktop can be run. that uses fast, secure and well-integrated systems to manage its mortgage business. Their goal is to maximize productivity and data accuracy while minimizing operating costs, and UniFi PRO Mortgage will help EMC achieve that objective." EMC Mortgage Corporation, based in Irving, Texas, is a wholly owned subsidiary of The Bear Stearns Companies, Inc. EMC is a mortgage banking company specializing in the acquisition, securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. , servicing and disposition of commercial and residential loans. The company purchases portfolios from corporations, financial institutions and government agencies, transforming many of them into performing loans with established pay histories. The company's proven success is built on a foundation of competitive pricing and excellent portfolio management. This disciplined focus has enabled EMC to grow from 10 employees in 1990 to more than 950 professionals today. Fiserv Lending Solutions, a unit of Fiserv, Inc., is a leading provider of loan origination and processing technologies to the financial services industry. Its product lines include:
-- UniFi PRO Mortgage, a highly customizable, Microsoft(R)
Windows(R)-native, enterprise-wide lending solution for larger
mortgage lenders.
-- easyLENDER(R) Mortgage and easyLENDER Consumer/Commercial -
complete, Windows-native software packages that automate every
phase of loan origination, processing and closing for banks,
thrifts and credit unions.
Fiserv Lending Solutions' software is helping lenders nationwide to improve the productivity of their operations. Fiserv Lending Solutions can be found on the Internet at www.fiservlendingsolutions.com. Fiserv, Inc. (Nasdaq: FISV) is an independent, full-service provider of integrated data processing Noun 1. integrated data processing - automatic data processing in which data acquisition and other stages or processing are integrated into a coherent system IDP automatic data processing, ADP - data processing by a computer and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 13,000 financial service providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the Internet at www.fiserv.com. 
CAN ANYONE TELL ME WHEN BEARS AND STEARNS PURCHSAED EMC MORTGAGE AND FROM WHOM, DO YOU KNOW WHO IF ANYONE OWNED EMC BEFORE BEARS AND STEARNS? ANY INFORMATION ON THIS IS GREATLY APPRECIATED. I KNOW B&S ARE OWNED BY CHASE BUT I WOULD LIKE A HISTORY OF EMC AND BEARS AND STEARNS BEFORE THE DISILLUSION OF B&S. PLS SEND TO WAGGIES@SBCGLOBAL.NET ATTN: SANDRA. THANKS IN ADVANCE.
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