Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that 27 financial institutions selected EasyLender® Mortgage and/or EasyLender® Consumer Commercial IDM for their loan origination and processing technology needs in the last year. Many of these clients cited faster loan approvals, enhanced service and hassle-free closings as key to their selection of EasyLender.
The EasyLender solution from Fiserv provides comprehensive lending automation from application through closing, supporting originations for mortgage, consumer, home equity and business loans. In addition to new agreements, approximately 200 current EasyLender clients have renewed their relationship with Fiserv for this year.
“EasyLender is the ideal loan origination system for our lending operations,” said Reyne Pierce, assistant vice president of retail lending at Pathfinder Bank, Oswego, N.Y. “The software has comprehensive functionality that gives us the flexibility to offer almost any type of loan product to our customers. The easy-to-learn interfaces and integration with the bank’s account processing system have allowed us to streamline the entire process for both mortgage and consumer loans.”
Ixonia Bank, another financial institution now using EasyLender, has $282 million in assets and is headquartered in Ixonia, Wis. The bank experienced an efficient LOS migration due to the well-defined software delivery process practiced by Fiserv. The methodology, which has been proven through dozens of implementations, includes detailed business-process analysis, thorough training, and carefully coordinated implementation services.
“Our selection of EasyLender was based on a desire to provide our customers with fast turnaround on applications and loan decisions,” said Juliana Neu, assistant vice president and loan administration manager at Ixonia Bank. “The scalability provided by the mortgage and consumer/commercial IDM solutions will be instrumental as we work to grow and expand our lending business.”
“Lenders must embrace technology to help them win market share, generate growth and provide a superior customer experience in today’s lending environment,” said Kevin Collins, president, Lending Solutions, Fiserv. “The momentum from 2013 among this loyal client base is evidence of the strong relationships we continue to build, the results our clients achieve with EasyLender software and how Fiserv is helping institutions of all sizes achieve their strategic goals.”
EasyLender Mortgage is a scalable loan origination system (LOS) designed for community banks and mid-tier credit unions seeking to grow their mortgage business. EasyLender Consumer Commercial IDM is an LOS using dynamic document technology to manage a complete portfolio of consumer, home equity and commercial loan products with speed and accuracy.