) declared that its LoanServ solution has been adopted by BSI
Financial Services (BSI). The company's LoanServ solution is
mainly used in managing the entire loan processing services,
which include integrated default management as well as
compilations, cashiering, escrow and accounting of investors. The
institution has selected Fiserv given its highly developed
platform with flexible, scalable and advanced solutions.
Headquartered in Irving, Texas, BSI Financial engages in
supplying business process outsourcing solutions, providing
various services including mortgage subservicing, default
management, loss mitigation, due diligence, Real Estate Owned
(REO) and quality control solutions. With the introduction of
LoanServ in its product profile, BSI Financial will be able to
modify its sub- services with improved default management
solutions and it will easily fulfill the requirement of its
The company expressed its enthusiasm regarding the contract by
stating that it will strengthen its LoanServ service platform.
Fiserv's solution would help BSI Financial to ameliorate its
service standards and cater to growth potentials in the
Various strategic contract wins hold future pledge for Fiserv.
The company confirmed winning a bunch of contracts from various
financial institutions during 2012. Recently, the company entered
into a multi-year contract with Trustmark National Bank, a unit
of Trustmark Corporation. With the agreement, the bank has
extended its long-term association with Fiserv.
However, the company's financial segment faces a huge
competition from various big companies including
Fidelity National Information Services, Inc.
). VW Credit, Inc. (VCI) recently adopted Fidelity's AutoSuite
automotive solution for its North American loan and lease
processing. Hence, the company has to be extra cautious of
competitive strides in the industry.
The current Zacks Consensus Estimates for Fiserv, Inc. are
$1.42 and $5.17 for the fourth quarter of 2012 and for 2012,
respectively. The estimates represent a year-over-year growth of
12.1% for the third quarter and 12.9% for 2012. We currently have
a long-term 'Neutral' recommendation for Fiserv. The stock
carries a Zacks #3 Rank, which translates into a short-term
FIDELITY NAT IN (FIS): Free Stock Analysis
FISERV INC (FISV): Free Stock Analysis Report
MASTERCARD INC (MA): Free Stock Analysis
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