Fiserv Lending Solutions, Brookfield, Wis., has announced that it is incorporating electronic document presentment and signature and the automatic scheduling of closings into its UniFi PRO Mortgage eX loan origination system.The company said the system will enable lenders to electronically present loan documents directly to borrowers and closing agents via a secure website and allow borrowers to sign their loan documents online. John Tenuta, division president of Fiserv Lending Solutions, said UniFi PRO's electronic processes are designed to protect privacy and ensure security, using encryption and multiple layers of authentication. "With this integration, Fiserv delivers single-vendor access to electronic processes directly through the loan origination system," Mr. Tenuta said. Lenders previously required "extensive integration of multiple providers and disparate technology" to provide the same functionality, Fiserv said. The company also announced that Mid America Bank is now leveraging the UniFi PRO system's integration of the Nautilus Enterprise Content Management system to compress loan processing time. Fiserv said the bank is now able to obtain an appraisal from an outside appraiser in minutes instead of the 24-48 hours formerly required. In other Fiserv news, the company said its MortgageServ loan servicing system has been instrumental in enabling GMAC Mortgage to expand its subservicing relationships by 50% over the past year. Fiserv Lending Solutions can be found online at http://www.fiservlendingsolutions.com.
