Financial services technology firm Fiserv (FISV) announced that its LoanServ platform has been selected by BSI Financial Services to automate the company's enhanced default servicing processes and other functions for clients.

Irving-based BSI Financial Services offers mortgage subservicing, default management, loss mit, REO and due diligence services to the marketplace.

In the past six years, BSI underwent many changes evolving from a lender and servicer back in 2006 to a service provider for the industry.

The company needed LoanServ to streamline and speed up its service offerings as BSI deals with unprecedent growth in subservicing.

"As a subservicer, being able to market a state-of-the-art solution to our diverse client base had become critical," said Gagan Sharma, president and CEO of BSI. "We determined that LoanServ from Fiserv was the best solution to accomplish our goals. Not only will LoanServ enable us to provide our clients with more options, but it will also be an extremely flexible solution that allows us to tailor our services to each of our client's unique business needs."

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