KING OF PRUSSIA, PA – (BUSINESS WIRE) – Sagent Lending Technologies today announced that it has reached its latest achievement, supporting 1 million consumer loans on LoanServ, the loan management system that powers the service operations of many leading financial firms in the United States. United and Canada.
LoanServ enables administrators to consolidate their use of obsolete and heavily siled maintenance applications into a single single platform that provides a single borrower view and scales as growth. The platform supports consumer loans and mortgages using a unique and unique design and data structure, unlike other service platforms that use wrap-around modules. In addition to simplifying the lending process for users, it helps administrators reduce costs.
Consumer loans vary widely in terms of products and support needs, and LoanServ automates more than traditional consumer systems. With full direct and indirect channel support, LoanServ has managed fixed and variable rate products, revolving and installment loans, credit insurance products and all types of collateral by the millions.
LoanServ is designed to support changing product types while helping servers manage state compliance on rates, refunds, late changes, and more. The system also adds automation of collections, reserved balances, secondary marketing and even mortgage functions.
“Solutions need to be designed for today’s market to help service providers compete, provide borrowers with the best-in-class experiences and drive down overall costs. One Million Actively Served Consumer Loans on LoanServ signals to the market that the solution is trusted by a variety of departments and can handle the increased scale and flexibility that modern lending demands, ”says Bret Leech, CEO of Sagent Lending Technologies. “This is quite a milestone for us.”
About Sagent Lending Technologies
Sagent Lending Technologies improves the lending experience for everyone. The company’s full suite of creation, service and processing offerings come together to provide flexible, scalable and configurable solutions that meet our customers’ brand commitments. With Sagent solutions, lenders and managers can delight borrowers, increase efficiency, and improve agility in an ever-changing compliance environment. Sagent is a joint venture that combines decades of Fiserv Inc.’s leading lending expertise with Warburg Pincus’ expertise in growing technology companies. Visit www.sagentlending.com
to learn more.
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