Fiserv Launches Consulting Service Targeting Community Banks and Commercial Lending April 11, 2013The bank technology vendor is offering a new service that provides consultant reviews and strategy recommendations for smaller banks looking to better their commercial lending business, while also announcing its first new client on the DNA platform since its acquisition of Open Solutions. Branch Closures Revved Up in Late 2012, Study Finds January 22, 2013The pace of branch closings in the U.S. more than doubled in the last quarter of 2012 as banks looked to cut costs, a new report by SNL Financial found. CFPB Announces New Mortgage Rule to Ensure Borrowers Can Repay Loans January 10, 2013The CFPB's introduced its new Ability-to-Repay rule that charges lenders to make sure borrowers have the means to repay their loans. Mortgage Builder Releases New Loan Origination Platform for Lenders September 20, 2012Mortgage Builder's new Architect platform offers a more user-friendly experience and easy enhancements for bank's lending operations. Fannie Mae Paid BofA Premium to Transfer Soured Loans, Says Regulator September 17, 2012Fannie Mae agreed to pay Bank
of America Corp about 20 percent more than it was
contractually obligated to last year in order to transfer the
servicing of troubled loans to another firm, a report by a
watchdog found. CFPB Proposes Rules to Change Loan Origination Market August 20, 2012The proposal includes new rules the regulator says will help consumers understand mortgage costs better.
Mortgage Loan App for iPad Gets New Loan Origination Features July 10, 2012Loan agents, realtors and borrowers will now be able to start the loan application process in real-time with the LenderMobile+ app for the iPad. Balancing Customer Choice, Cost and Risk in Payments July 10, 2012Deciding what payment methods to accept when consumers are paying monthly bills is a complex decision in today’s marketplace. CFPB Introduces New Mortgage Disclosure Forms and Protections for "High-Cost" Mortgages July 09, 2012The new forms and protections are designed to help customers better understand the costs and risks of taking out a mortgage. Inefficient Data Management: Seen and Unseen Costs July 02, 2012When it comes to putting together, reviewing or approving loan packages, a scramble for the right information is the last thing a financial institution wants or can afford. Wipro Gallagher Launches Loan Origination iPad App May 07, 2012The lending solutions company has announced the release of its newest product, Enterprise Mobile Origination. Eliminating the Paper Beast February 22, 2012First United Bank uses an Open Text BPM solution to run a more efficient business operation and improve customer service. Consumer Financial Protection Bureau Names CIO November 15, 2011Consumer Financial Protection Bureau names CIO, among eight experts named to key senior leadership positions, including Chief of Staff and CFO, at CFPB. Chase Remains Top SBA Lender in U.S. October 28, 2011The bank loaned more than $12.6 billion to about 300,000 small businesses during the first three quarters of 2011. How Has the Banking Industry Changed in a Decade? September 09, 2011The banking industry survived, the 9/11 terrorist attacks, only to be confronted in 2008 with the challenges of the global financial crisis. Both events, along with some key technology developments, shaped the financial services industry in which we work t In Search of Systems Integration August 23, 2011Seventy percent of any bank system is as close to perfect integration as it gets. Google-Style Data Analysis For Loans July 22, 2011Financial startup ZestCash is getting an infusion of funding to realize its plan to rewrite the rules of high-risk loans. A Bank MacGyver Would Be Proud Of March 04, 2011Nonprofit Nuru International's video shows how it built a microloan and banking structure in rural Kenya. Bank of North Carolina's Credit Analysis Tool Will Pave the Way for Risk Dashboard November 17, 2010Central platform for analyzing and approving loans will lead to risk management dashboard for stress testing, identifying loan concentrations. Q&A: Dennis Risinger, CIO, FCS Financial is Building A Loan App for the iPad July 30, 2010Rural Missouri lender already images loan documents and is in the process of modifying its online loan software for the iPad.