LOS ANGELES, April 3, 2019 /PRNewswire-PRWeb/ -- FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, has been selected as winner of the Best Digital Mortgage Product award for its LoanComplete™ life-of-loan automation solution.
"In a complex loan processing environment, Fiserv is committed to delivering a simpler mortgage transaction using digital technology and automation that not only significantly reduces the cost of lending throughout the life of a loan, but also maximizes the borrower experience," said James Johnson, Managing Director, FinTech Breakthrough. "LoanComplete results in significant increases in loan transaction speed and volume, and we are thrilled to recognize Fiserv as one of our marquee 2019 FinTech Breakthrough Award winners."
LoanComplete from Fiserv is a life-of-loan suite that provides robotic process automation for the points in the life of the loan that require quality checks and assurance. This automates time-consuming processes, including audit reviews and manual data entry, as well as loan quality and compliance checks. The digital mortgage product provides a high-quality loan record audit and creates exception-based processing for origination and servicing operations to increase staff productivity.
With Intelligent Content Recognition from Fiserv fueled by artificial intelligence (AI), more loans can be processed and serviced per day at a lower cost per loan – potentially yielding a leaner process and increased margins.
"Mortgage originators and servicers want to streamline the lending process so they can operate more efficiently and better serve borrowers," said Shawn Holtzclaw, general manager and senior vice president, Fraud, Risk, ECM and Financial Solutions, Fiserv. "LoanComplete facilitates automation of manual, paper-heavy processes to help simplify and accelerate loan production, while improving overall loan quality. We are honored that our focus on meeting the needs of the industry and our clients are being recognized with a FinTech Breakthrough Award."
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2019 FinTech Breakthrough Award program attracted more than 3,500 nominations from across the globe.
With more than 20 years of expertise in lending services and technology, Fiserv enables mortgage originators and servicers to deliver a more efficient lending process and a compelling borrower experience. Through its suite of solutions, Fiserv supports the range of mortgage lending – from origination to closing, secondary delivery and servicing – in both digital and traditional formats. Fiserv is a single source partner for mortgage billing and payments needs.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and deliver financial services experiences in step with the way people live and work today. For 35 years, Fiserv has been a trusted leader in financial services technology, helping clients achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and insights and optimization. Fiserv is a member of the FORTUNE®500 and has been named among the FORTUNE Magazine World's Most Admired Companies® for six consecutive years, recognized for strength of business model, people management, social responsibility and innovation leadership. Visit fiserv.com and follow on social media for more information and the latest company news.
SOURCE FinTech Breakthrough
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