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Lenders Cautious On Tech Spending.( technology investment)(Brief Article)

Mortgage Servicing News

| May 01, 2005 | COPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Brookfield, WI -- With refinancing activity slowing down, lenders are starting to consider technology investments that can make their servicing shops more efficient.

But they want to know they can capitalize those investments over a reasonable timeframe, according to a senior executive at Fiserv Lending Solutions.

"When you look at what the market place is wanting, it is the systems technology solutions that can deliver a return on investment to them," said John Tenuta, division president for loan management products at Fiserv Lending Solutions.

Speaking to MSN during the recent MBA National Mortgage Servicing conference in Orlando, Mr. Tenuta ...

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