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Associated Mortgage moves loan servicing to Fiserv MortgageServ platform

17 February 2004  |  448 views  |  0

Fiserv, Inc. (Nasdaq:FISV) announced today that Associated Mortgage has selected the Fiserv MortgageServ loan servicing system to process its mortgage loans.

Citing the strength of the provider, sound implementation practices and advantages in the technology, Associated Mortgage found MortgageServ to be the best choice in servicing platforms. Associated Bank, a sister company, relies on Fiserv for account processing.

"Fiserv provides a range of data processing services with a flexibility that brings great efficiency and value to our banking customers," said Donald Peters, Associated Executive Vice President. "Now MortgageServ will provide us with the same level of control on the loan servicing side. It will be a great complement."

Fiserv Mortgage Servicing Systems President Sadu Thinakal said the MortgageServ system is a natural fit for a company that likes to drive technology its own way.

"Associated has selected other Fiserv systems because of flexibility," Thinakal said. "MortgageServ will provide Associated Mortgage with opportunities to customize mortgage servicing processes by defining different ways of working with its various mortgage products."

Associated Mortgage Senior Vice President Brad Northcraft and his associates analyzed hundreds of servicing system requirements before deciding on MortgageServ.

"We conducted a thorough review of servicing platforms," said Northcraft. "Our team saw opportunities in MortgageServ's single platform, real-time processing capabilities and integrated workflow tools. After seeing first hand the breadth of functionality and built-in efficiencies of MortgageServ, we felt very comfortable selecting the system."

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