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Virginia Bank Chooses Fiserv Lending Platform

""Fiserv, Inc."":http://www.fiserv.com, a provider of financial services technology, announced its Common Origination Platform has been selected as the platform of choice for Virginia's ""Old Point National Bank"":http://www.oldpoint.com/default.aspx (OPNB).


A Fiserv client since 1996, OPNB possesses $845.3 million assets and offers banking services to both retail and commercial customers. In selecting Common Origination Platform, the bank cited the solution's ""robust and


customizable document generation"" and its ability to be integrated into other Fiserv solutions-such as Signature, one of the other platforms used by OPNB.

""Fiserv has been a partner of ours for a number of years and we trust their expertise in the financial services industry,"" said Tyler White, SVP of information technology for OPNB. ""Lending is important to our customers and, as such, it is important to our institution. With Common Origination Platform and its integration with other Fiserv solutions, we will be able to deliver efficiencies and provide even better service to our customers.""

""As an enterprise lending solution, Common Origination Platform is designed to enable lenders to establish their own process rules to automate virtually every origination transaction based on their institution's specific needs,"" said Kevin Collins, president of lending solutions for Fiserv. ""Defining these operating procedures, conditions and limits, will help OPNB build customer loyalty and provide products and services that keep pace with the rapidly evolving industry.""

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

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