X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.