Fiserv Inc. has renamed its Loan Servicing Platform to LoanServ. LoanServ combines mortgage loans, consumer loans, indirect financing, home equity loans and lines of credit, and distressed-loan functionality into one core system so that all of a borrower's retail loan relationships can be supported on one platform, according to Fiserv.
Most recently known as the Loan Servicing Platform from Fiserv, LoanServ grew out of the company's MortgageServ solution, which, at the time, was the first Web-enabled, real-time solution for all aspects of mortgage servicing and management. Over time, Fiserv added support for home equity loans and lines of credit, as well as for other retail loan products.
LoanServ can be deployed at a range of financial organizations, from entrepreneurial loan servicing operations to large financial institutions, the company adds.