LSSI and Del Mar Database Formally Continue Strategic Alliance; Greater Processing Efficiencies Available to Users of Two Systems.POWAY, Calif. -- Lender Support Systems, Inc. (LSSI LSSI Ley de Servicios de la Sociedad de la Información (Spainisn) LSSI Lutheran Social Services of Illinois LSSI Library Systems and Services Inc. LSSI Lender Support Systems Inc. LSSI Logistics Support Systems and Integration ), a global provider of lending and loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. technology solutions, has announced the formal continuation of its strategic alliance and successful systems interface with Del Mar Del Mar is the name of several places in the United States of America:
"The LSSI and Del Mar Database interface is extremely user-friendly, which allows me to focus on increasing volume and not on combating multiple application issues," said Ben Sizemore, vice president, information systems of First Guaranty Mortgage Corp. "The interface is so seamless that creating mortgage documents are only one or two clicks away within DataTrac." The DocWin interface expedites processing while eliminating the risk of double entry errors in two separate applications. The interface enables users to upload mortgage loan documents directly into DataTrac in less than 15 seconds - a tenfold increase in efficiency. Customers benefit from compliant, fast and accurate mortgage closing documents directly linked into their 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. system. "Our partnership with LSSI demonstrates our commitment to delivering the most advanced technology solutions available to small and medium-size lenders," said John Walsh
John E. Walsh (born December 26, 1945 in Auburn, New York) is the host of the TV show America's Most Wanted. , president of Del Mar Database. "Working with companies like LSSI offers key strategic advantages to our customer base, enabling them to quickly process loan applications while reducing the cost of originating loans." "Our technology provides Del Mar Database customers with efficient point and click mortgage closing documents and disclosures," said Cary Burch, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LSSI. "LSSI strives to provide top-of-the-line products and in doing so only partners with the best companies in the industry. We will continue to increase our partnerships and focus on streamlining the mortgage process across the board for loan originators and mortgage servicers." About LSSI Founded in 1982, Lender Support Systems, Inc. (LSSI), led by mortgage industry veterans, provides a superior suite of technology solutions to mortgage lenders (including but not limited to bankers, credit unions, community banks) and service providers as a platform for building more streamlined, cost effective and profitable loan origination services. The company offers a full suite of technology solutions including: compliance services, mortgage closing document preparation software, servicing software, document imaging, data extraction Data extraction is the act or process of retrieving (binary) data out of (usually unstructured or badly structured) data sources for further data processing or data storage (data migration). , 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 solutions and custom software solutions. For more information, visit www.lendersupport.com. About Del Mar Database San Diego-based Del Mar Database, 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 Fiserv Inc. (Nasdaq: FISV FISV Fiserv, Inc (stock symbol) ), introduces new technologies to lenders of all sizes that leverage their existing tools to improve efficiencies, increase profitability, and increase pipeline capacity. The company's proprietary software solution, DataTrac(R), enables lenders to reduce costs, generate greater profits per loan, minimize errors using business intelligence and fund more loans with fewer people. Founded in 1991, the company's customers include mortgage lenders, brokers becoming lenders, credit unions and community banks. For more information, visit www.delmardb.com. About Fiserv Inc. Fiserv Inc. (Nasdaq: FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include 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, software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management and BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, visit www.fiserv.com. |
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