Fiserv Lending Solutions Adds Leading Multi-State Lender to UniFi PRO Mortgage eX Client List.Business Editors LAKE MARY Lake Mary may refer to:
Major Bank and Multi-Channel Lender Selects Fiserv 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 Solution to Accelerate Loan Production, Increase Mortgage Volume Fiserv Lending Solutions, a unit of Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ), said Charter One Financial has licensed the UniFi(R) PRO Mortgage eX loan origination software solution to automate To turn a set of manual steps into an operation that goes by itself. See automation. the lending operations of its multi-state mortgage-banking subsidiary, Charter One Mortgage Corporation. In 2003, Charter One, based in Cleveland, Ohio "Cleveland" redirects here. For the Cleveland metropolitan area, see . For other uses, see Cleveland (disambiguation). Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, the most populous county in the state. , originated more than $12.5 billion in residential real estate loans through its 26 loan production offices, which are spread across nine states. The company's mission is to be "best in class" as both a financial-services provider and as a mortgage lender. But like many lenders, Charter One faces a variety of challenges in today's evolving business environment, such as retaining market share, ensuring regulatory compliance, and maintaining an efficient and cost-effective operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. . The implementation of UniFi PRO Mortgage eX will help Charter One improve its position as a leading provider and an efficient producer of mortgage loans. UniFi PRO Mortgage eX is a "next-generation" loan origination system that blends innovative technology (including automated workflow support and data-object-model integration architecture) with proven business logic. With its open architecture and highly configurable task-management utilities, UniFi PRO Mortgage eX offers the tools that lenders need to increase their competitiveness - and to help realize the industry's vision of fully automated mortgage processing. "We set out to do business with a technology provider that is experienced in software design, implementation and configuration," said John Barb, Vice President of Mortgage Technology for Charter One. "We also wanted to work with a company that has a clear vision. Fiserv is that company, and we selected UniFi PRO Mortgage eX so we can use the most current technology to further automate and accelerate our loan production processes, manage and increase our capacity, and help us realize an even greater level of data integration across our business." Charter One Mortgage Corporation is a multi-channel lender with retail, wholesale and telemarketing telemarketing, the practice of selling goods or services to customers by means of the telephone or of surveying consumer preferences in telephone conversations. operations. In addition to its staff of hundreds of loan originators, Charter One also has a direct-to-consumer, Internet-based, retail lending operation. The company needed access to a wide range of connectivity options for its loan originators, wherever and whenever access is required to gain new business. So Charter One turned to Fiserv for a comprehensive, enterprise-wide, "end-to-end" solution - one that can flexibly support Charter One loan originators via a variety of deployment options: browser-based, laptop-enabled or concurrent client/server. In addition, the UniFi PRO Mortgage eX middleware Software that functions as a conversion or translation layer. It is also a consolidator and integrator. Custom-programmed middleware solutions have been developed for decades to enable one application to communicate with another that either runs on a different platform or comes from a solution, PRO Link Plus, will enable Charter One to seamlessly integrate its UniFi PRO Mortgage eX loan origination system with third-party, Internet-based retail and wholesale origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real solutions. "Charter One selected UniFi PRO Mortgage eX after a thorough process of evaluating our people, our products, our processes and our philosophy," said Ed McWilliams, Fiserv Lending Solutions Senior Vice President of Sales and Marketing. "They see Fiserv as a good investment, and we look forward to developing a close partnership that will give Charter One the greatest possible return on that investment." Headquartered in Cleveland, Ohio, Charter One Financial, Inc. is the publicly traded parent company of Charter One Bank, N.A. With $43 billion in assets, Charter One is one of the largest bank holding companies in the country. Its retail banking network incorporates more than 600 banking centers in nine states: Ohio, Michigan, Illinois, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Vermont, Massachusetts, Connecticut, Indiana, and Pennsylvania. The Company's diverse product set includes: consumer banking, indirect auto finance, commercial leasing, business lending, commercial real estate lending, mortgage banking, and retail investment products. Additionally, Charter One Mortgage Corporation, the company's mortgage banking subsidiary, operates 26 loan production offices across nine states; and Charter One Auto Finance, an indirect auto finance subsidiary, generates loans in 19 states. Charter One has a proven track record of applying its business model and sales culture to new geographic areas, having closed more than 20 acquisitions since 1989. Fiserv Lending Solutions, a Lake Mary, Florida-based unit of Fiserv, Inc, is a leading provider of loan origination and processing technologies to the financial services 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. industry. Its product lines include UniFi PRO Mortgage, the highly customizable, Microsoft(R) Windows(R)-native, enterprise-wide lending solution for larger, highly sophisticated lenders; and easyLENDER(R) Mortgage and easyLENDER Consumer/Commercial, the complete, Windows-based systems that automate loan origination, processing and closing for banks, thrifts and credit unions. Fiserv Lending Solutions software is helping lenders nationwide improve the productivity of their operations. The organization can be found on the Internet at www.fiservlendingsolutions.com. 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 (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , 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 15,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded 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 $2.7 billion in processing and services revenues for 2003. Fiserv can be found on the Internet at www.fiserv.com. |
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