Fiserv Adds New Capabilities For Streamlined Modification Program

Posted by Orb Staff on December 19, 2008 No Comments
Categories : Mortgage Servicing

Fiserv Inc., a provider of information technology services to the financial industry, has added enhanced capabilities to its Home Retention Solutions offering, which enables financial institutions to proactively identify and contact troubled borrowers with customized repayment solutions.

In addition, Fiserv says it is supporting programs such as Fannie Mae's Home Saver Advance Program, which provides an advance to cover past-due mortgage payments in exchange for a separate, unsecured loan, and the newly introduced Streamlined Modification Program, in which borrowers receive reduced interest rates or longer loan terms to make their payments more affordable.

Source: Fiserv

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