ILS, GAC Form Fiserv Fulfillment Unit

Two business units of Fiserv Inc. -- Integrated Loan Services, Rocky Hill, Conn., and General American Corp., Pittsburgh -- have combined operations to form the Fulfillment Services Division of Fiserv Lending Solutions.The division will adopt FLS as the parent brand for all products and services, the Brookfield, Wis.-based Fiserv said. The combination "brings together two leaders in fulfillment services with strengths in different markets," said FLS group president James Puzniak. "ILS has succeeded in the prime equity market by offering innovative solutions, while GAC's strength has been in the subprime and traditional markets." Jerry Smith, chief executive officer of ILS, and Rich Sneddon, CEO of GAC, will hold co-CEO positions with the division, and Lee Howlett will serve as division president and chief operating officer, Fiserv said. Among the division's offerings are the CASA automated valuation model, QuickClose Lien Protection Insurance, the GATORS settlement management system, and various appraisal products, broker price opinions, flood certificates, title insurance, closing services, and outsourced loan processing systems. FLS can be found online at http://www.fiservlendingsolutions.com.