S&P Valuation and Risk Strategies and Fiserv announced a partnership to further industry implementation of the American Securitization Forum’s (ASF) Loan Identification Number Code (LINC) initiative.
ASF LINC is a unique ID for a wide range of assets that might be pooled and sold in the capital markets.
The identification code captures the loan type, origination date, country of origin and randomized alphanumeric data, and it is stored in a central loan data repository administered by S&P Valuation and Risk Strategies. The ASF LINC is intended to provide investors, lenders and financial institutions a means to track a loan’s performance throughout its life after securitization.
Fiserv is the first technology provider to integrate ASF LINC in its loan servicing platform. In collaboration with S&P, Fiserv will provide increased disclosure and transparency to the mortgage and ABS marketplace by providing this industry-wide loan identification code.
“The Loan Servicing Platform from Fiserv delivers single-platform loan servicing for all retail loans and is an example of the Fiserv core competency in Processing Services,” said Norwood Sloan, vice president in loan servicing mortgage products at Fiserv. “By partnering with S&P, Fiserv will be able to provide additional market intelligence so that our clients can make more-informed investment decisions which can help make financial services safer and more cost-effective."