BROOKFIELD, Wis. – Fiserv said yesterday it is changing the name of its Loan Servicing Platform to LoanServ.
The company said LoanServ combines mortgage loans, consumer loans, indirect financing, home equity loans and lines-of-credit, and distressed-loan functionality into one core system so that all of a borrower's retail loan relationships can be supported on one platform, creating efficiencies and convenience for financial institutions.
Most recently known as the Loan Servicing Platform from Fiserv, LoanServ grew out of the company's MortgageServ solution, which at the time was the first web-enabled, real-time solution for all aspects of mortgage servicing and management.
