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Fiserv's Common Origination Platform helps Cornhusker Bank.

Lincoln, Nebraska--based Cornhusker Bank has selected Brookfield, Wisconsin-based Fisery Inc.'s Common Origination Platform[TM]. Cornhusker Bank, a Fisery client since 2003, selected Common Origination Platform after its search for an origination system that could help the bank initiate and board loans more efficiently.

"When we began our search, we knew we needed a system that could integrate seamlessly with our core processing platform and help us reduce the time it took to originate and board new loans. From the very first demo of Common Origination Platform, it was clear we had found our answer," said Crystal Wichita, vice president of information technology for Cornhusker Bank. "Not only does Common Origination Platform integrate with our account processing platform, Premier[R] from Fiserv, it also gives us the ability to maintain a single origination system for all of our lending verticals."

Common Origination Platform is a single-platform solution that gives a lender a view of its borrowers across all lending channels and products, with data in one place regardless of the point of origination or loan type. Consolidating the origination and hoarding of consumer, equity, commercial and mortgage loans creates efficiencies for an organization by streamlining data and enabling employees to learn only one system.

"As a bank that prides itself on being a neighbor to those in the Lincoln community, our priority is centered on improving the customer experience," said Wichita. "Three clays into training, we could already see the positive impact this solution was going to have on our institution. Our first test loan cut our origination and boarding process time in half."

"Lending is vital to community development because it helps people buy homes, start businesses and invest in their futures. Fisery strives to simplify the loan origination process so that our clients can fund and close more loans," said Kevin Collins, Fiserv's president of lending solutions.
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Title Annotation:TechNewz
Comment:Fiserv's Common Origination Platform helps Cornhusker Bank.(TechNewz)
Publication:Mortgage Banking
Date:Jul 1, 2012
Words:309
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