IoT
News
News
12/20/2006
12:28 PM
50%
50%
RELATED EVENTS
Mobile Threats & How to Keep Them at Bay
Jun 01, 2016
With savvy cybercriminals using vulnerabilities in apps, networks, and operating systems to gain c ...Read More>>

EDS To Support E-Mortgage Service Provider

The contract extends for another 10 years an existing deal between EDS and Merscorp that was signed in 1996.

EDS said Wednesday that it has won a 10-year deal to provide a range of IT support services to Merscorp, an operator of an electronic registration system for the mortgage industry.

Under the deal, EDS will provide Merscorp with infrastructure support, call-center services, and maintenance and support services for Merscorp's MERS System, an electronic system on which about 60% of all mortgages originating in the United States are registered. Merscorp claims the system allows lenders to save an average of $22 per loan by reducing paperwork.

The contract extends for another 10 years an existing deal between EDS and Merscorp that was signed in 1996. An EDS spokesman declined to state the value of the extension. The contract extension wasn't contested by other outsourcers, the spokesman said.

As part of the arrangement, EDS will provide CRM services to more than 25,000 MERS end users through call-center staff located in offshore facilities. EDS will also provide Merscorp with physical mail handling services related to process serving generated by mortgage registrations.

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
2016 InformationWeek Elite 100
Our 28th annual ranking of the leading US users of business technology.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.