New South Renews Contract with FIS

New South Federal Savings Bank, Birmingham, Ala., the 34th ranked subprime servicer in the country according to the Quarterly Data Report, has renewed its contract with Fidelity Information Services to use its software and services.

As part of this five-year renewal, New South Federal will continue to use the Fidelity Mortgage Servicing Package, formerly Alltel MSP, to service its $2.4 billion mortgage portfolio.

Additionally, the bank will use Fidelity's browser-based, integrated client/server products that automate servicing functions, including payments processing, and provide significant management reporting and control.

New South Federal uses the Fidelity Lending Portal to access these thin-client tools.

Fidelity Information Services is a division of Fidelity National Financial Inc.

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