Navy Fed Upgrades Mortgage ServicingTechnology

Register now

VIENNA, Va. - (02/08/06) -- Navy FCU said Tuesday it hasimplemented Fidelity National Information Services' Magnifide MSP:Collections, the company's next generation mortgage servicingsystem. The credit union giant said the new servicing system willprovide cost savings in servicing delinquent accounts and reducelosses and penalties from foreclosures. The $25 billion creditunion, which has been using a Fidelity National servicing system,was one of the beta-testers of the new solution.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER