Fiserv Inc., a provider of financial services technology solutions, reports that Cole Taylor Mortgage, a division of Chicago-based Cole Taylor Bank, has deployed the LoanServ platform from Fiserv.
According to Fiserv, the platform supports Cole Taylor Mortgage's expanding loan servicing portfolio and further develops Cole's mortgage banking capabilities.
Fiserv says LoanServ automates loan servicing processes – including integrated default management and collections, cashiering, escrow, and investor accounting for both closed-end and revolving loans – and makes data transactions available online in real time.
Fiserv is also providing Cole Taylor Mortgage with LoanLink, a consumer-facing self-service website for borrowers, says the company.
