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Fidelity: All Aboard For 2.2 Million Loans

JACKSONVILLE, Fla. - According to Fidelity Information Services, a division of Fidelity National Financial (NYSE: FNF), its Electronic Loan Interface (ELI) loan-boarding tool was used to convert more than 2.2 million loans to the company's Mortgage Servicing Package in 2005. Boarding is the process by which acquired loans are converted...

By Staff Writer | Updated on February 07, 2006

JACKSONVILLE, Fla. – According to Fidelity Information Services, a division of Fidelity National Financial (NYSE: FNF), its Electronic Loan Interface (ELI) loan-boarding tool was used to convert more than 2.2 million loans to the company’s Mortgage Servicing Package in 2005. Boarding is the process by which acquired loans are converted from their original loan servicing system to the acquirer’s loan servicing system. The company claims that in the absence of ELI, loan boarding typically requires a custom programming interface to complete the conversion. This manual process is both time consuming and expensive, “With ELI, the days of building interfaces to board loans are over,” said Cynthia FitzGerald, executive vice president of the Customer Services and Support division for Fidelity. “ELI provides our clients with increased flexibility, accuracy, data integrity and control when boarding loans, all leading to decreased costs and increased productivity.”

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