Digital Insight and Fiserv to integrate loan origination technologies
20 April 2006 | 2496 views | 0
Source: Digital Insight
Digital Insight Corp. (NASDAQ:DGIN), a leading online banking-solution provider, has announced that the Fiserv Lending Solutions unit of Fiserv, Inc. has strategically partnered with Digital Insight to provide the Digital Insight AnyTimeLender consumer lending solution as an authorized option for users of the Fiserv easyLENDER Consumer/Commercial iDM loan origination software (LOS) solution.
The agreement between Digital Insight and Fiserv Lending Solutions will enable users of the easyLENDER Consumer/Commercial iDM (intelligent Document Management) LOS to interface through the Fiserv easyCONNECT middleware solution with Digital Insight's AnyTimeLender, an industry leading browser- based loan application and automated decisioning engine for consumer lenders.
"By offering our consumer-lending clients a robust, user-friendly consumer lending B2C front end such as AnyTimeLender, we can effectively complement the loan-processing strengths of easyLENDER," said Dan Welbaum, Fiserv Lending Solutions' SVP of Sales and Marketing, easyLENDER Products. "Our relationship with Digital Insight will help our clients increase their loan volume and provide consistent, superior service to their consumer-loan customers via the Internet."
AnyTimeLender uses a unique, flexible "true/false" decision-tree structure capable of mirroring complex underwriting logic to reduce the number of loans that require manual review. Working seamlessly with easyLENDER, Digital Insight's solution can give easyLENDER clients the ability to deliver immediate consumer loan decisions to Internet-based borrowers by means of a simple, user-friendly, browser-based application.
"This mutually-beneficial agreement is a strong example of Digital Insight's ability to work with prominent core processors such as Fiserv," said Jeff Stiefler, chairman, president and CEO for Digital Insight. "Our relationship provides financial institutions with the technological tools they need to compete and win in the consumer lending market."