Real Estate Mortgage Network Inc. (REMN), a full-service mortgage bank with its origination operation located in River Edge, N.J., and its servicing operation based in Melville, N.Y., will convert its portfolio of loans and real estate owned assets to the Fiserv loan servicing platform.
According to Fiserv, these procedures will assist REMN in streamlining its internal processes and containing costs. In addition, REMN will be able to board new portfolios more quickly and easily with the potential to increase revenue.
Using the Fiserv loan servicing platform, REMN will be able to retain the servicing of loans it originates. The online, real-time capabilities of the platform allow REMN to see payments as they are received, eliminating unnecessary collection calls, and the integrated workflow tools of the platform ensure consistency across all of its loan products.