EDS To Support E-Mortgage Service Provider - InformationWeek
IoT
IoT
News
News
12/20/2006
12:28 PM
50%
50%

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
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Video
Slideshows
Twitter Feed
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.
Flash Poll