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January 3, 2005

Fiserv unveils new easyLENDER loan origination software solution

Fiserv Lending Solutions, a unit of Fiserv, Inc., has introduced a new addition to its easyLENDER family of loan origination software solutions: easyLENDER Consumer/Commercial intelligent document management.

By CBR Staff Writer

easyLENDER Consumer/Commercial intelligent document management (iDM) creates each borrower’s specific loan documents dynamically, with the aim of ensuring that lenders benefit from greater accuracy, speed and efficiency when originating, processing and closing consumer, home-equity and commercial loans.

According to John Tenuta, Fiserv Lending Solutions Division president, easyLENDER Consumer/Commercial iDM combines data and document management into a lending solution that offers lenders an opportunity to improve efficiency and deliver better service to their customers.

Tenuta noted that the market for the new software solution is domestic banks, thrifts and credit unions that have consumer, home-equity and/or commercial lending businesses. easyLENDER Consumer/Commercial iDM helps minimize administrative overhead by simplifying the time-consuming set-up that is often required for lenders to process loan documents, he said.

Fiserv, Inc. provides information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions.

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