Velocity

Velocity from Fiserv offers everything your institution needs for streamlined, efficient lending across multiple loan types and allows for easy customization to accommodate market and institutional demands. With credit, decision and forms engines built on the latest technology, you can tailor your lending standards to meet your overall business strategies and achieve quick ROI.

Velocity integrates all of the essential system components required for lending success, including loan origination software, decision support tools, workflow software and image capture capabilities. Individual modules support the types of loans needed to compete in today's lending environment, with each module delivering powerful, targeted capabilities. As a pre-configured solution with comprehensive features – and optional add-ons – Velocity provides a complete, cost-effective solution.

The Velocity platform gives you greater choice and control in implementing a smooth, efficient lending process. The system easily integrates with many credit union and bank account processing solutions and third-party specialty applications for critical lending functions – from credit scoring and imaging, to forms, credit compliance, insurance and much more.

By facilitating seamless integrations that support your lending process, Velocity eliminates data re-entry, improves data accuracy and boosts staff productivity from initial receipt of the application through loan booking.

Features

• Configurable workflow options allow you to assign applications to specific loan officers by type of loan or loan amount
• Advanced features and functions enable you to customize your business rules to satisfy risk-management practices
• Browser-based functionality translates into central point-of-access for IT departments, saving time and money
• Seamless integration into a variety of host processors and third-party services enhances usability
• Advanced compliance features help your institution stay current with state and federal regulations as they arise
• Dynamic online loan origination presence meets borrower expectations for 24x7 loan decisions