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Bundled Services As competition increases, lenders are differentiating themselves by offering
loans at a lower overall cost with faster delivery to borrowers. The increased
process efficiency required to compete in this environment can be achieved by
buying products and services in bundles and accessing them through a single
technology platform.
Bundled Services are a collection of settlement products and services brought
together for the same borrower or loan transaction. Settlement services bundles
offer a simplified and streamlined ordering/delivery process and greater cost
control compared to traditional single-order transactions.
Bundling provides cost savings that are not available from buying products and
services individually. Bundling alleviates uncertainty and reduces risks
associated with settlement service costs, by providing these services at set,
pre-determined prices.
Fiserv bundles are tightly integrated with our loan origination systems,
featuring two-way data transfer between lenders and vendors which eliminates
data entry and delivers actionable data that includes any associated document
images. System integration and data-driven task management can streamline
origination by automating workflow and decision-making processes.
Bundling simplifies vendor management functions by streamlining the process and
reducing the overall number of outsourcing vendors. Lenders can now manage just
one fee for a loan rather than having to track and reconcile multiple fees.
Fiserv Lending Solutions offers lenders a broad range of settlement products and
services that enable a seamless loan origination process. With our settlement
solution set, lenders have the ability to choose products and services
corresponding to the loan risk profiles defined by their risk policies.
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