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Cenlar Will Use Fiserv For HELOC Servicing.(Home Equity Lines Of Credit)(Brief Article)
Fiserv here said that Cenlar FSB, the nation's third largest subservicer of mortgage loans, will use the MortgageServ loan-servicing platform to support management of home-equity lines of credit.
Recently, Cenlar announced that it was adding line-of-credit subservicing to its offerings driven by increased demand for open-end products and anticipated growth in this area during a rising interest rate environment.
As a private-label subservicer, Cenlar performs back-office loan servicing operations on behalf of its clients in the client's own name, so that consumers are ...
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