Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that its continued expansion of strategic alliances with third party data and service leaders throughout 2010 has resulted in an increased spectrum of integrated services within its Automotive Loan Origination System (LOS).
By leveraging best-in-class partner data and services for automated efficiencies, risk valuation, and process management quality controls, the Automotive LOS from Fiserv delivers an origination experience that facilitates lending portfolio growth. Built upon decades of experience in loan and lease origination, the latest LOS from Fiserv features a growing number of integrations with strategic third-party systems to enable Fiserv clients to:
• Optimize third party system data and services throughout the entire loan and/or lease origination and funding lifecycle
• Deploy best practices within their credit and risk management workflows and assure process and policy compliance
• Broaden lending markets while controlling operating costs.
“Third party integrations are the strategic differentiator for lenders across various origination solutions. By combining best-in-class technology with key industry partner data and services, Fiserv continues to elevate its credit granting and funding solution ROI, empowering lenders to thrive in a highly competitive market,” said Pete Radike, product manager, Origination and Automotive Solutions, Fiserv. “With the industry experiencing rapid change, Fiserv is committed to ensuring that our clients are well positioned with critical data and the corresponding tools they need to succeed.”
The Automotive LOS from Fiserv enables clients to optimize customer service to dealers through efficiencies gained with its configurable integrated origination solution. From credit application capture, through controlled decisioning and completion of the funding and dealer compensation process, the Automotive LOS enables Fiserv clients to lower processing costs and expedite their decisioning process without sacrificing proven risk and quality controls.