National MI Completes Systems Integration with LoanServ

By Anuradha Shukla
TMCnet Contributor

Mortgage insurance company National MI has successfully completed systems integration with LoanServ from Fiserv.

In addition to streamlining data transfers for mortgage insurance company, this integration is set to boost efficiencies for National MI's lender customers that use the Fiserv solution.

National MI has access to over $500 million of private capital. The company began writing mortgage insurance in April 2013 and was approved by both Fannie Mae and Freddie Mac as a qualified mortgage insurer in January of 2013.

"Our integration with LoanServ from Fiserv will enable National MI to support many of our customers' servicing needs by making the process more convenient and straight-forward," said Pete Pannes, chief sales officer at National MI.

LoanServ is a technology platform that performs mortgage servicing functions for lenders, banks, aggregators and credit unions. The solution has been designed to automate all loan servicing processes, including integrated default management and collections.

LoanServ also automates cashiering, escrow and investor accounting for closed-end and revolving loans. The solution ensures that data transactions for businesses are available online in real-time in order to simplify compliance risk and remove the limitations associated with batch processing cycle.

Global technology provider Fiserv serves the financial services industry and drives innovation in payments, processing services, risk and compliance. The company was in news this week for announcing that GBC International Bank picked the Precision bank platform and outsourced processing, along with additional solutions, from Fiserv.

The bank expects to leverage its new relationship with Fiserv to increase efficiencies while enhancing the selection of innovative products and services available to its customers.

Fiserv also recently released a white paper on mobile banking adoption, which is a good read for those companies that want to promote the usage of mobile banking.

The white paper advises companies to employ front office staff and their call center agents to encourage customers to use mobile banking.