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Navy Federal Signs Contract to Use MSP.
Jacksonville, FL -- Navy Federal Credit Union has signed a multi-year contract for Fidelity's Mortgage Servicing Package, Fidelity Information Services announced recently.
Fidelity said its software processes nearly 50% of U.S. residential mortgage loans.
Navy Federal currently services more than 183,000 home loans on MSP.
The company said that Navy Federal is also committed to servicing as a beta partner for Magnifide, Fidelity's new re-architected servicing system. Magnified MSP will increase scalability, maintain reliability and set the foundation for continued growth, Fidelity said.
As Navy Federal grows its home equity portfolio, it is using MSP as a single platform for servicing traditional mortgage loans and equity loans.
Navy ...
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