News
October 4, 2006
Metavante Announces Lending Solutions Suite
MILWAUKEE, Oct. 4, 2006 — Metavante Corporation, the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced the Metavante Lending Solutions suite of products and services. The newly formed product suite will provide lending automation technology and services to residential mortgage, consumer, small business and vendor finance marketplaces, as well as offer business process outsourcing (BPO) services.
Metavante Lending Solutions will provide point-of-sale and loan origination technology to lenders seeking to reduce the cost and cycle time associated with originating, processing and closing each mortgage or consumer loan. These savings enable lenders to improve profitability, enhance customer service and increase capacity. Metavante Lending Solutions will also provide financing solutions for the retail industry provided by its Retail Financing Solutions (RFS) arm.
This business unit will be led by Cy Brinn, president of GHR Systems, Inc., a Metavante company. Brinn has extensive knowledge and expertise in financial services and lending industries with over 20 years of experience.
“The creation of this suite of products shows our focus and continued commitment to the lending automation marketplace,” said Gary Refinski, Metavante executive vice president. “We believe the Metavante Lending Solutions product suite will enable us to enhance Metavante’s leadership position in the financial industry with an established mortgage product and a newly introduced consumer product with BPO services to round out our offering.”
Metavante Lending Solutions helps clients of all sizes, from community banks to the top financial institutions in North America through GHR Systems, Inc.
About Metavante
Metavante Lending Solutions provides automation technology and services to residential mortgage, consumer, small business and vendor finance marketplaces. Metavante Lending Solutions offers technology that supports the entire lending lifecycle, including origination and servicing through collections, which can also be supported through business process outsourcing (BPO) services. Metavante offers point-of-sale and loan origination technology to lenders seeking to reduce the cost and cycle time associated with originating, processing and closing each mortgage or consumer loan. Metavante also provides financing solutions for the retail industry through its Retail Financing Solutions (RFS) arm. These lending solutions are used by large, mid-sized and emerging lenders to better market, sell and close loans through all distribution channels, including wholesale, retail, consumer direct and correspondent. Six of the top 20 U.S. mortgage lenders use GHR Systems, Inc., a Metavante Lending Solution. Metavante Corporation delivers banking and payments technologies to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, and electronic presentment and payment. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).
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Metavante is a registered trademark of Metavante Corporation.
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