Mortgage technology

Bear Stearns Implements UniFi

April 21, 2006, 2:00 p.m. EDT 1 Min Read

Fiserv Lending Solutions, Brookfield, Wis., has implemented its UniFi PRO loan operating system at Bear Stearns Residential Mortgage Corp.Bear Stearns Residential Mortgage will be integrating the UniFi PRO operating system into its BearDirect.net online platform to produce subprime, alternative-A, and piggy-back loans, Fiserv reported. A wholly owned subsidiary of The Bear Stearns Cos., Bear Stearns Residential is based in Scottsdale, Ariz., and originates loans in 29 states. During the implementation process, UniFi PRO's PowerTools and Automated Task Engine were used to customize screens and workflows, as well as write business rules to minimize human intervention throughout the loan process and minimize data entry. Fiserv can be found on the Web at http://www.fiserv.com.

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Mortgage technology

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