TITLE

Fidelity Wants a Better, Faster Mortgage System

AUTHOR(S)
Bills, Steve
PUB. DATE
March 2004
SOURCE
American Banker;3/8/2004, Vol. 169 Issue 45, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Fidelity Information Services has kicked off a multiyear overhaul of its mortgage servicing system, using technology from International Business Machines Corp. The update is more than a "re-platforming" of existing software, said Dan Scheuble, the chief information officer of Fidelity National Financial Inc., the corporate parent of Fidelity Information Services. The Jacksonville, Florida, company plans to use Internet services and other emerging technologies in furthering a previous upgrade. The latest upgrade is expected to make mortgage processing faster still, and one of the key goals is to allow lenders to process loans in real-time instead of the current batch-processing mode.
ACCESSION #
12446123

 

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