MSP Processes39 Million Loans

Fidelity National Information Services said it completed a successful year-end processing of loans serviced using its Mortgage Servicing Package on the first day of the year, saying that all daily, month-end and quarter-end processing had been done by 1:30 p.m. on Jan. 1.

During the year-end process, FIS processed more than 38.5 million loans for 84 clients, while also maintaining normal system access. Fidelity said the year-end processing of loans is a resource-intensive project that is a culmination of activities throughout the year. "FIS is known for always completing year-end processing and balancing well before MSP clients open for business in the new year - something that is unmatched in the mortgage industry," said Cynthia FitzGerald, executive vice president of the customer support and services division of the FIS mortgage servicing division, in a news release. (c) 2008 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com/ http://www.sourcemedia.com/

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