Fiserv Forms Portfolio Services Unit

Fiserv Inc. has announced the formation of Fiserv Lending Solutions' Portfolio Services, Boulder, Colo., which will target the secondary mortgage market.The new company will help those in the mortgage portfolio investment business identify and mitigate risks in their portfolios, Fiserv said. "We help firms get comfortable with what they are paying for when they have a portfolio of residential mortgage loans," said James L. Smith, executive vice president of FLS-Portfolio Services. "That helps facilitate whole-loan sales transactions of their mortgage-backed securities for Wall Street firms." Fiserv can be found on the Web at http://www.fiserv.com.