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Tag Archives: Fiserv

Fiserv Predicts Price Declines Through 2011 Followed by Gains

Fiserv, Inc. released its home price index Tuesday noting declines but predicting stabilization by the end of 2012. For the short-term, Fiserv sees continuing declines - at least until the end of the year. However, beginning in 2012, Fiserv predicts small gains in prices. Fiserv notes that the first quarter of 2011 showed a continuation of the double-dip trend started last year when demand waned after the expiration of the homebuyer tax credit. Price declines early this year were also driven by a jump in foreclosure sales.

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Fiserv Expects Affordability from Declining Prices to Stabilize Housing

Fiserv, Inc. on Monday released an analysis of home price trends in more than 375 U.S. markets. While residential property values are continuing to fall on a year-over-year-basis in three-quarters of the metros, Fiserv sees signs of stabilization on the horizon. The company contends that the slide in prices has greatly improved home affordability. This dynamic, combined with growing economic strength, has prompted Fiserv's projection that average U.S. home prices will stabilize in the third quarter of this year.

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Fiserv Delivers Web and Mobile Self-Service Channels for Loan Servicing

A new module available from Fiserv, Inc., LoanServ: LoanLink, gives lenders the ability to offer borrowers the option to access their loan information, including loss mitigation options, via an Apple app. Consumers can update their loan information in real-time via the Internet or iPhone or iPad application, and retrieve such details as payoff requests, payment histories, and information about loan modifications and other options for borrowers struggling to make their mortgage payments.

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Fiserv: After Years of Record Declines, Home Prices Begin To Stabilize

The ups and downs seen in home price data over the past few years indicate a slow recovery in home prices with many false starts, especially in markets riddled with foreclosed properties, according to Fiserv, Inc. But the company's analysts say that while the ebb and flow is not over, they expect 75 percent of U.S. metro areas to see stable prices by the end of 2011. Fiserv says home prices have already leveled out in one of four metro areas.

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Fiserv Hires Former IRS Deputy Commissioner as EVP and COO

Fiserv, Inc. recently hired Mark Ernst as EVP and COO. Ernst began his new role this week, providing leadership in integrated product delivery, service quality, and the company's operational effectiveness objectives. Most recently, Ernst was deputy commissioner of operations support for the Internal Revenue Service (IRS). He also held key executive positions at H&R Block, Inc. and Bellevue Capital.

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Survey: Consumers Connect with Financial Institutions via Social Media

According to a survey of 3,000 consumers conducted by Fiserv, Inc. 11 percent of online consumers are currently connected with their banks or credit unions through social media. The survey also revealed that 36 percent of those not connected are interested in doing so. consumers who connect to their financial institution via social media and consumers who are interested in connecting are already devoted to their bank or credit union and use an average of 5.4 banking services.

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Analysts See 7% Drop in Home Prices over Next Year

Despite a bounce in home prices during the first half of 2010, Fiserv Inc. says it expects property values nationally to fall another 7.1 percent over the next 12 months before beginning to stabilize at the end of 2011. The company sees double-dip territory ahead for many major markets, particularly those that saw the strongest appreciation during the spring and summer months of this year. The analysts at Standard & Poor's have released a similar forecast for the path of home prices. They anticipate an additional 7 percent to 10 percent drop through 2011.

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Market Forecasts for Home Prices Continue to Darken

Home prices have hit upon relatively stable ground in recent months -- a welcome reprieve from the freefall days most markets had grown acutely accustomed to after the reverberating bursting of the housing bubble. But that stability may be fleeting fast. If you heed the words of the seers keeping a close watch over industry trends and movements in price lines, you should be bracing for another decline in property values, as the elusive floor drops a little lower.

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Fiserv Renames Loan Servicing Platform to LoanServ

Fiserv, Inc. said Wednesday that it has rebranded its Loan Servicing Platform with the name LoanServ. As a single-platform, real-time solution, LoanServ combines mortgage loans, consumer loans, indirect financing, home equity loans and lines of credit, and distressed loan functionality into one core system so that all of a borrower's retail loan relationships can be supported through one system. Fiserv says this complete picture of a customer's credit capacity is crucial for mitigating risk.

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Fiserv Predicts Home Prices to Drop Another 4.9% in Year Ahead

Despite recent increases in a number of the industry's home price measurements, and even an uptick in the company's own index of residential property prices, Fiserv Inc. says the gains will be short-lived. The information technology firm is forecasting home prices to fall by another 4.9 percent over the next 12 months, as unemployment remains high, mortgage rates rise, and markets such as Florida, Arizona, and Nevada add even more distressed properties to their inventories.

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