BROOKFIELD, Wis. – Unused lines of credit are not profitable for financials, and Fiserv thinks it has a way to help. Fiserv Lending Solutions announced that it will add credit cards for HELOCS to its MortgagServ loans servicing system. “Lenders need ways to encourage use of lines of credit. Credit card draws are an effective way to solve the problem, since access to HELOC funds resides right in the wallets of consumers,” said John Tenuta, Fiserv Lending Division President. According to Fiserv, the integration eliminates the need for a financial to maintain both a servicing and authorization system, MortgagServ real-time
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