Home / News / Secondary Market / S&P and Fiserv Team Up to Further Implement ASF’s LINC Initiative
Print This Post Print This Post

S&P and Fiserv Team Up to Further Implement ASF’s LINC Initiative

S&P Valuation and Risk Strategies, a business unit within New York-based ""Standard & Poor's"":http://www.standardandpoors.com/home/en/us that provides[IMAGE]

users with market intelligence and analytic insight for risk-driven investment analysis, and ""Fiserv, Inc."":http://www.fiserv.com/, a Brookfield, Wisconsin-based provider of financial services technology solutions, have joined forces to further industry implementation of the ""American Securitization Forum's"":http://www.americansecuritization.com/ (ASF) Loan Identification Number Code (LINC) initiative.

Intended to provide investors, lenders, and financial institutions a means to track a loan's performance throughout its life after securitization, ASF LINC is a

[COLUMN_BREAK]

unique ID for a wide range of assets that may be pooled and sold in the capital markets. This industry-wide identification code captures the loan type, origination date, country of origin, and randomized alphanumeric data, and it is then stored in a central loan data repository administered by S&P Valuation and Risk Strategies.

Fiserv is the first technology provider to integrate ASF LINC in its loan servicing platform. By doing so, the company hopes to provide increased disclosure and transparency to the mortgage and asset-backed securities marketplace.

Norwood Sloan, VP of loan servicing mortgage products for Fiserv, said partnering with S&P will allow Fiserv to provide additional market intelligence so its clients can make more informed investment decisions. This, he said, can help make financial services safer and more cost effective.

""We believe a widely adopted loan identification system will help bring greater transparency to global credit markets and are fully committed to supporting the ASF LINC initiative,"" said Jonathan Reeve, managing director of S&P Valuation and Risk Strategies. ""Fiserv's incorporation of this data into its loan servicing platform represents a significant and historic step in this direction.""

About Author: Brittany Dunn

x

Check Also

FHFA Office to Focus on Fintech

By founding the Office of Financial Technology, the Agency will address emerging risks related to the adoption and deployment of financial technology in housing finance.