Fiserv Inc. has become the first technology provider to integrate the American Securitization Forum's (ASF) Loan Identification Number Code (LINC) in its loan servicing platform. The integration is the result of a partnership between Fiserv and S&P Valuation and Risk Strategies, an independent business unit within Standard & Poor's.
ASF LINC is a unique ID for a wide range of assets that may be pooled and sold in the capital markets. The identification code captures the loan type, origination date, country of origin and randomized alphanumeric data, and it is stored in a central loan data repository administered by S&P Valuation and Risk Strategies.
The ASF LINC initiative is intended to provide investors, lenders and financial institutions a means to track a loan's performance throughout its life after securitization.
In collaboration with S&P, Fiserv will provide increased disclosure and transparency to the mortgage and asset-backed securities marketplace by providing this industry-wide loan identification code, the companies say.
"We believe a widely adopted loan identification system will help bring greater transparency to global credit markets and are fully committed to supporting the ASF LINC initiative," says Jonathan Reeve, managing director of S&P Valuation and Risk Strategies. "Fiserv's incorporation of this data into its loan servicing platform represents a significant and historic step in this direction. We hope other technology providers will follow Fiserv's lead and incorporate ASF LINC, too."