BROOKFIELD, Wis. — Fiserv Inc. is introducing a newly designed lending platform that the company said will allow financial institutions to administer all loans "holistically, rather than in the traditional silos."
The common origination platform is being offered first for real estate lending, with consumer and commercial versions expected out next year, the company said.
The COP solution uses business rules management to allow front-office users rather than tech staff to update policies and processes and apply them across the origination process. Also included is a dashboard interface, enhanced workflow for automated processing and seamless integration with third-party vendors, the company said.
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Jon Burch, Fiserv product manager, said, "Having one solution for all lending verticals and channels can reduce costs and make lenders more nimble in an ever-changing market."
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