Wells Fargo Home Mortgage has signed a multiyear contract extension for Fidelity National Information Services' (FIS) Mortgage Servicing Package (MSP).
Wells Fargo currently services more than 7.9 million loans using MSP and has leveraged the MSP platform for more than 20 years, according to FIS. MSP is used in all areas of Wells Fargo's mortgage servicing, including loan setup and maintenance, cashiering, escrow administration, investor accounting, default management and regulatory reporting.
‘Through this industry-leading servicing platform, as well as other products and services, FIS delivers a great deal of value to Wells Fargo,’ notes Mary Coffin, executive vice president of loan servicing for Wells Fargo. ‘In fact, we have leveraged FIS' professional services staff for numerous large projects, including our recent integration of 1.3 million mortgage customers – our largest acquisition ever.’
