BROOKFIELD, Wis.—Fiserv has introduced LoanLaunch, a platform to help lenders originate and close more loans, more efficiently.
The loan origination system, formerly known as Common Origination Platform, provides the framework for enterprise loan originations on a single platform. The solution supports consumer, business, mortgage and equity loans, giving lenders a holistic view of borrowers across all channels and products. That view, according to Fiserv, provide greater transparency across departments, customers and business processes, and allows lenders to originate and close more loans with fewer resources.
"LoanLaunch reflects our deep commitment to technology to address the credit needs of today's borrowers, as well as our vision of delivering the next-generation lending experience," said Kevin Collins, president, lending solutions, Fiserv. "LoanLaunch is a powerful solution that offers financial institutions greater control over their lending decisions, more flexibility to address product, policy and regulatory changes, and support that meets changing consumer expectations of customer service."
The solution also allows lenders to respond to changing business needs and address increasingly diverse borrower segmentation, the company stated.
"As the complexities of lending evolve, LoanLaunch will give financial institutions the breadth and depth they need to respond to the needs of their customers,” said Collins.
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