Canada-based Fairstone is a non-bank provider of loan solutions and consumer financing programmes, and with this move, it aims to enhance customer experiences and growth opportunities.
Fairstone hopes to start operating from a single system of record, which improves system response times and data quality, as LoanServ is a real-time servicing platform.
In a recent Fiserv survey, 74% of consumers said that, when choosing a loan, prior loan experience had a “moderate to great” influence.
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