GLG News by Mortgage Servicing Experts

1) Forget India; Caribbean; Russia... Call Centers will Boom in small towns within the United States. 2) We are already seeing the peek of offshore out-sourcing. We have clients that have even capitalized and managed the offshore operation to make things more seamless. 3) Plenty of our clients have...

1) Financial services offered by FISERV are now more robust and provide portfolio management services to the industry 2) Most financial services companies MUST rely on the expertise of solution providers - FISERV serves this market well with the new addition of CheckFree

HSBC's indications do not necessarily indicate the extent of change in the market. Since HSBC is very forthcoming with their news, they do not capture some lenders who have not been in the past. These other lenders, some of whom are significantly larger than HSBC, have been deferring some wirte offs...

Since 2004, AmEx and Discover has battled with Visa and MasterCard over alleged exclusionary practices, which led to antitrust suits against both parties, contending they engaged in illegal practices to stifle competition. AmEx dropped its action against three of the bank defendants who became AmEx...

Consumer adoption of EBPP (Electronic Bill Present & Payment) has more than doubled since January 2002, when approximately 37% of online households payed at least one bill online. Today, 74% of households pay at least one bill online, compared to 69% in 2005. e-bills offer the ability to securely...

Check image volume continues to shatter year-over-year records and check imaging/exchange could save banks $2 billion annually by reducing transportation costs, reducing float time, check fraud and check processing costs. Image exchange networks such as SVPCO, Endpoint Exchange, ECCHO, Fiserv and the...

Fidelity National Information Services (FIS) announced it is spinning off its Lender Processing Services (LPS) business unit to its shareholders in a tax free exchange. The rationale is to focus on its “core banking and payments” business unit, Transaction Processing Services. In light of its recent...

Shares in some of America's biggest banks slumped to their lowest level in several years on fears they may have to write-down multi-million dollars more from their exposure to risky mortgages, CDOs, (collateralized debt obligations) SIVs (structured investment vehicles) and leveraged loans. Banks that...

NCR spun-off Teradata which resulted in a net income loss of  63% without Teradata's earnings included, however, NCRs EMEA and Asia-Pacific ATM sales division attributed to a 17% sales increase in 3Q07. NCR categorizes its ATM sales into four segments: 1. the Americas - which accounted for 49%...

1) The Internal Revenue Service has longed for complete voluntary compliance, in lieu of this... the bark of the IRS and their published bites of cheaters are all well too known. 2) Microsoft (and all other providers who desire a level of fair-play) must bark (threaten) any users who have tampered...