Fiserv Inc. said Fleet Mortgage Group, the nation's seventh-largest residential mortgage servicer, has signed a multiyear commitment to the Fiserv Data-Link Loan Servicing System.

The mortgage unit, headquartered in Columbia, S.C., is a subsidiary of Fleet Financial Group and holds 1.4 million loans in its portfolio.

Robert A. Rosen, executive vice president of loan servicing for Fleet, said Monday that the alliance will let the mortgage group use a single servicing platform for the growing number of loans in its portfolio. That includes default functionality, loss mitigation, early indicators, and risk profiler capabilities.

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