Fiserv announces new clients to its vendor management system, GATORSMortgagePress.comFiserv, GATORS, vendor management system, Timios, Golf Savings Bank, Capstone Title Services
Fiserv, Inc., a provider of information technology services to
the financial industry, has announced that its GATORS Settlement
Services/Vendor Management division has signed several new
customers who will leverage its complete web-enabled land title and
settlement information service.
Westlake Village, Calif.-based Timios, Inc., a nationwide
provider of title insurance and settlement services to national and
regional lenders nationwide, now uses Fiserv's GATORS full
end-to-end settlement services and vendor management system in a
licensed model. Using GATORS, Timios can easily handle the ordering
of closings and title commitments, as well as support integrations
that may be required to support customers and vendors.
"Timios is built on a foundation of customer service, technology
and management experience, so naturally we looked for a system that
supported that foundation," said Trevor Stoffer, president and
chief executive officer of Timios. "Fiserv's GATORS solution is
designed to handle it all, supporting our paperless environment and
workflow management allowing us to integrate directly with any
customer or vendor."
Golf Savings Bank, located in Mountlake Terrace, Washington and
part of the Sterling Financial Corporation, has implemented the
GATORS solution as a service automated vendor management
capability. The company, which handles 400-500 real estate
appraisals per month, chose the GATORS solution for its strong
analytic tools to measure and rate vendor performance and track
response times and other metrics. The solution automatically
assigns orders to preferred vendors based on a weighted average of
multiple criteria and automatically alerts appraisers to updates
Capstone Title Services Inc. offers outsourced title services to
large national settlement companies for real estate transactions in
the state of Arkansas. Capstone Title now uses the GATORS software
solution as a service system to track title production including
title searches, reports and insurance. Capstone Title tracks
incoming orders and auto-assigns the search to complete an
insurable title commitment. "Using Fiserv's GATORS application, we
are able to automate the entire title production process," said
Erica Hughes, president, Capstone Title.
"Fiserv's GATORS application is designed to be a complete vendor
management system that virtually eliminates the need to maintain
separate and costly proprietary system interfaces between disparate
trading partners," said Patty Jones, senior vice president, Fiserv
Fulfillment Services Division. "In fact, GATORS is such a complete
system that Fiserv Fulfillment Services Division uses it to manage
its own vendors."
For more information, visit www.fiserv.com.