Flagstar Picks Fiserv for Electronic Mortgage

Troy, Mich.-based Flagstar Bank is now managing its eMortgage signing, closing and post-closing processes using the Fiserv (Brookfield, Wis.) eLending platform. Flagstar Bank also uses the technology to securely store electronic notes (eNotes) and other closing documents in the Fiserv electronic vault (eVault) and to facilitate the electronic transfer of assets to secondary market investors and loan servicers. The eLending platform is a natural extension of the bank's existing paperless mortgage initiative.