Fiserv is assisting Fannie Mae in the GSE’s effort to attain more real-time mortgage portfolio data, which the agency says will allow for better decisions regarding loan workouts.
The tech firm, which provides range of mortgage servicing solutions to myriad financial institutions, will provide secure updates directly to Fannie Mae for the GSE-backed loans being serviced using Fiserv’s technology. These updates will include data on borrower credit capacity, a key metric in loan workouts. Fiserv’s loan servicing platform supports mortgages, home equity loans, consumer and indirect financing.
The real-time transmissions will allow Fannie Mae to upgrade its analytic capabilities and emphasize early-stage delinquency. The data fields include borrower contact activities and payment behavior, which can serve as predictive measures when identifying “troubled” loans before they become delinquent.