In recent testing, a single copy of Fiserv's MortgageServ system on a single-image IBM hardware platform successfully processed 10 million loans during a single nightly window, according to Fiserv.Benchmark results of the testing -- conducted by IBM Capacity Planning Services, Cary, N.C., under the direction of BearingPoint Inc. -- indicated that the system would scale beyond that if used in an IBM Sysplex environment, Fiserv said. Sadu Thinakal, president of Fiserv Mortgage Servicing Systems, said the Fiserv system's proven scalability would eliminate the need for mega-servicers to break their portfolios into artificial segments that require multiple company numbers. "MortgageServ has no such technology or architectural limitations, eliminating the unnecessary processing complexities and bottlenecks that stand in the way of growth and profitability," Mr. Thinakal said. Fiserv can be found on the Web at http://www.fiserv.com.
- AB - Policy & Regulation
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
June 21 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18










