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Roundup: Fiserv Looks to Expand MortgageServ's Range.(Fiserv Lending Solutions to introduce MortgageServ loan servicing system to new level)(Federal Home Loan Mortgage Corp. to enhance its services)(Pro-Teck Services to introduce rules for fraud prevention)

Mortgage Servicing News

| February 01, 2006 | Thangavelu, Poonkulali | COPYRIGHT 2006 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 -- Fiserv Lending Solutions is looking to take its MortgageServ loan servicing system to the next level by enabling it to support loans that are not solely real estate-related.

The system currently enables servicing of first and second mortgages, home-equity lines of credit and home-equity loans on a single platform. Distressed loans can also be managed on the same platform.

Tom Gorman, a Fiserv president based in South Bend, Ind., told MSN that they are seeing "significant growth" on the home-equity side, doubling the number of home-equity lines of credit supported on the system.

He credits this to industry dynamics, such as ...

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Source: HighBeam Research, Roundup: Fiserv Looks to Expand MortgageServ's Range.(Fiserv Lending...

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