20 February 2018
visit www.nextgenbanking.co.uk/

Wachovia extends contract for Fidelity's Mortgage Servicing Package

24 July 2007  |  1852 views  |  0 Source: Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) today announced that Wachovia Corporation (NYSE: WB) has selected FIS' Mortgage Servicing Package (MSP) to process the bank's mortgage and home equity lines of credit.

Wachovia has been servicing its first-mortgages on MSP for 10 years.

"Expansion of our relationship with FIS across our home equity servicing portfolio is based upon FIS' consistently strong performance over many years and represents a key strategic partnership for us going forward," said Joe Monk, chief information officer for Wachovia's retail channel.

MSP will provide securitization, default, escrow management and regulatory oversight capabilities for Wachovia's home equity loans. In addition, FIS will provide transaction processing services for the credit cards tied to Wachovia's home equity lines of credit. FIS' real- time card access allows Wachovia to obtain a complete solution from a single provider.

"We are pleased to have the opportunity to expand our partnership and are committed to helping Wachovia deliver additional value to its customers," said Dan Scheuble, president of FIS' Mortgage Processing division.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comVisit http://info.nice.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11558 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9119 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8971 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7547 views comments | 13 tweets | 11 linkedin
Starling Bank Marketplace welcomes first wave of fintech partnersStarling Bank Marketplace welcomes first w...
7097 views comments | 10 tweets | 13 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job