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Fiserv unveils new origination platform

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BROOKFIELD, Wis. (10/15/08)--Fiserv has expanded its Common Origination Platform to include real estate lending support. The Fiserv Common Origination Platform (COP), a next-generation solution to help lenders manage loan origination and production, allows lenders to administer all of their loans holistically, Fiserv said. Fiserv’s platform allows users to update policies, procedures and processes rather than relying on their technical support staff. “Having one solution for all lending verticals and channels can reduce costs and make lenders more nimble in an ever-changing market,” said Jon Burch, Fiserv product manager. The platform is available in multiple deployment models including licensed versions and Software as a Service. The real estate module is the first of three available from Fiserv. Consumer and commercial modules are planned for deployment later this year. Fiserv provides information management and electronic commerce systems and services to financial institutions, including credit unions.