The financial technology company Fiserv Inc. has licensed an origination system from Portellus Inc. that enables lenders to originate their mortgage, consumer, and commercial loans on a single computer platform.
Origination technology uses a business rules management system to control and execute specific business processes for different types of loans.
Kevin Collins, the president of Fiserv's loan origination products unit, said in a press release issued Thursday that the "technology brings opportunities that are directly aligned with the goals many lenders have to utilize a common origination platform."
