Fiserv, Inc. has announced that its loan servicing platform is compliant with the U.S. Treasury Department's guidelines on home loan modifications.
The platform utilizes integrated default management tools that allow servicers to track and study the loans being modified. With this knowledge, servicers can formulate best-option workout scenarios based on operational business rules while meeting Treasury's guidelines, the technology firm said.
"Fiserv has been fully engaged with the Treasury and GSEs in order to provide all the functionality to meet the program's specific requirements," said Greg Fontenot, assistant vice president for loan servicing solutions. "Our continual investment enabled our loan servicing platform to deliver the flexibility and capability required to meet the HMP guideline as soon as it was announced in March."
CU Direct Connect Adds Two
Credit Unions to Lending Program
CU Direct Connect has added two more credit unions to its indirect lending program.
The CUSO based in Centennial, Colo. added UniWyo Federal Credit Union in Laramie, Wyo. and Harrison District 2 Federal Credit Union in Colorado Springs, Colo. to its list of credit union clients.
Both credit unions said in a press release that they joined the indirect lending network with the goal of serving current members and gaining desired loan and membership growth.
UniWyo serves 13,200 members that are employees and students of the University of Wyoming as sell as additional select employer groups. Harrison District 2 serves employees, students and families of Harrison School District 2.