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Fiserv announced recently that two lenders have converted to the Fiserv MortgageServ platform for automation of loan administration.
One of the new clients is Temple-Inland Mortgage Corporation, Austin, Texas. Temple-Inland is a full-service mortgage bank that arranges financing of single-family mortgages through a network of 58 branch offices and services more than 230,000 loans.
"We are pleased to count Temple-Inland among our MortgageServ clients. Fiserv was able to customize a strategic partnership with Temple-Inland, combining software and technology development expertise," said Leslie Muma, president and CEO of Fiserv.
Fiserv said it will blend software licensing with contracted technical support for Temple-Inland.
Joe Farr, president of Temple-Inland Mortgage Corporation, said Fiserv's blended solution "is really a hybrid of licensing and outsourcing."
"We will license Fiserv's MortgageServ to run on our box, saving us click charges and CPU costs."
John Harris, executive vice president for loan administration at Temple-Inland, said Fiserv offers Web-centric, real-time servicing capabilities.
Source: HighBeam Research, Fiserv Blends Outsourcing and Licensing to Attract a New...