Fiserv launches suite of loan origination products

The Originate suite will add mortgage capabilities at the end of the year

By Francis Monfort

09 Sep 2018

Fiserv has introduced Originate, a suite of products aimed at helping banks and credit unions deliver enhanced digital account opening and loan origination.

The company launched suite with an initial capability for account opening functionality. Fiserv plans to add even more loan origination capabilities, including mortgage, retail, and auto, to Originate at the end of 2018.

Fiserv rolled out the suite with Originate Deposits as the first offering. The offering features a step-by-step user interface with optional ID scanning, autofill, and facial recognition to allow consumers to easily open an account or initiate a loan application from a mobile device, tablet, computer, or at a branch.

Launched with account opening functionality for credit cards and personal loans, Originate Deposits is integrated with other Fiserv digital offerings including the Mobiliti mobile banking and payments platform.

“Financial institutions have one chance to make a good first impression, and opening an account or applying for a loan are central to that initial experience,” said Vincent Brennan, president of credit union solutions at Fiserv. “Originate creates an intelligent banking experience that makes the process simpler and puts the customer first – and that means more accounts can be successfully opened from any device or location. That’s a big win for any institution aiming to grow.”