Comprehensive and Innovative Lending Solution
In today’s competitive lending market, it is increasingly important that you offer the products your customer are looking for and that you are able to provide the service they need. Fiserv VISION's Cleartouch lending solution delivers innovative lending products and unmatched ease-of use and automation.
Transactional Mortgage Account
Fiserv VISION prides itself with being first to market with the transactional mortgage. The Cleartouch transactional mortgage allows consumers to manage their finances within a single account. It combines the characteristics of a traditional mortgage, an open-ended line of credit and a demand deposit into a single account.
The appeal of the transactional mortgage is that customers can save thousands of dollars in interest charges, while building up equity in their homes and paying off their loan faster. Because every deposit a customer makes to their account is, in effect, a principal loan payment, they earn the interest rate on funds they would otherwise keep in a low interest account.
Construction Loan Management
The Construction Loan Manager solution is perfect for financial institutions that engage in high-volume construction loan activities. It tracks all activities, including budgets, draw schedules and disbursements associated with construction loans. Construction Loan Manager is fully integrated with Cleartouch and Fiserv easyLENDER loan origination. It can also be utilized in a stand-alone environment with any core origination or servicing solution.
Integrated Lending Delivered: End-to-End Consumer, Mortgage and Commercial Lending
Loan Servicing
Abundant loan servicing options put you in control of your loan portfolio. Cleartouch supports all the loan servicing needs of your financial institution, your customers and your investors. Home equity, lines of credit, construction, fixed rate and adjustable, and that creative commercial loan made on the golf course fit perfectly with Cleartouch.
Consumer, business and mortgage loans are serviced within Cleartouch, making it easy to train employees and to provide fast and consistent service to your customers:
- Tellers can post payments online, real-time – saving time in your back office.
- Loan officers see a 360 degree view of customer relationships and balances to make fast and accurate decisions.
- Loan account adjustments are made online, real-time with detailed history entries and comments for ease in research.
- In addition to flexible payment options and full escrow processing, Cleartouch automates loan collections in an online, real-time environment.
- Regulatory reporting is fast and easy with the integrated and automated iVue Regulatory Reporting Dashboard.
Loan Origination
Fiserv VISION has partnered with Fiserv Lending Solutions to deliver integrated loan origination called easyLENDER, to turn your branches into profit centers. With the increased pressure to originate and close consumer loans faster than the financial institution down the street, putting the loan application in the hands of your branch staff significantly reduces the loan origination timeline and enhances your customer’s experience.
Whether working with a customer that has been pre-approved for a home equity loan, or a simple look up of the property value, you're able to start the loan application from within Cleartouch New Accounts- at the same time the deposit account is opened.
Credit Information and Settlement Services
Credit information and settlement services provided by Fiserv Lending Solutions include automated credit and flood reports, marketing triggers and fraud tools; employment and tenant screening, taxpayer verification, automated property valuation services and closing services, and electronic document management – all from a secure portal.
Lenders looking to deliver loans faster, while reducing the cost to process loans – without taking on additional risk can:
- Close loans faster within hours of application, while saving up to 40% on title costs
- Drive origination costs down while maintaining an acceptable level of risk.
- Decrease time and expense associated with traditional appraisals without compromising the quality of the valuation
- Drive targeted homeowner traffic to the financial institution’s Web site.
- Increase conversion rates of applications.
