Fiserv launches compliance solution for servicers, lenders
Fiserv announced that lenders and servicers can use the LoanComplete suite of solutions to help them maintain compliance with the Consumer Financial Protection Bureau's mortgage servcing rules that go into effect in January.
In addition, LoanComplete is a patent-pending, life-of-loan suite that helps lenders and servicers comply with complex government regulations.
"Organizations are looking for technology providers to help them become leaner and more efficient without the added expense of hiring or training new staff to implement new solutions," said CEB TowerGroup senior research director Craig Focardi. "Mortgage servicers are finding that a comprehensive loan completion system to manage loan transaction content is a mission-critical technology for automating compliance, and that a combined hosted and managed services model can reduce deployment time."