Fidelity National Information Services Inc. (FIS) has announced the release of FIS Desktop 2008, an efficient imaging, retrieval, expense and communication management system that provides real-time connectivity to participants in the mortgage banking and financial industries. It links FIS' default customers to more than 10,000 vendors, service providers and investors through a single user-interface and streamlines complex work processes by automating labor-intensive functions and eliminating the need to build multiple interfaces among various data and service suppliers.
FIS also announced that the Department of Veterans Affairs (VA) has launched a new Web-based reporting application for mortgage servicers called Veterans Affairs' Loan Electronic Reporting Interface (VALERI). FIS developed VALERI in collaboration with VA, and is built upon the FIS Desktop.
VALERI enables mortgage servicers to report "significant events" through either the servicing system or the servicer's Web portal user-interface within VALERI, eliminating many manual processes, as well as paper, facsimile, e-mail and verbal reporting for both the servicer and VA.
FIS introduced a new Web-based loan-modification and electronic-signature solution that is built into its ClosingStream e-mortgage-technology platform. The solution is primarily designed to help lenders save money by limiting adjustable-rate mortgage reset servicing costs, while reducing the loan-modification and electronic-signature time-frame from the typical eight to 10 days down to as little as a matter of minutes.
Jacksonville, Fla.-based Fidelity National Information Services Inc. is a provider of core processing for financial institutions. For more information, call (888) 323-0310 or visit www.fidelityinfoservices.com.