Items Tagged with 'Fiserv Inc.'


  • Fiserv Lending Solutions rebranding as Sagent Lending Technologies

    Follows sale to Warburg Pincus
    Earlier this year, Fiserv sold more than half of its mortgage servicing business to private equity firm Warburg Pincus for $395 million. The plan was for the companies to operate the servicing business, called Fiserv Lending Solutions, as a joint venture. And that’s still the case, although the joint venture won’t carry Fiserv’s name anymore.
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  • Fiserv acquires PCLender

    Fiserv adds full digital suite of mortgage origination solutions to offerings
    For the second time in the last two months, Fiserv is growing its suite of financial services technology solutions. In June, Fiserv announced that it reached an agreement to acquire Monitise, London-based provider of financial services technology, for $90 million. Now, Fiserv, a provider of financial services technology solutions, is growing its mortgage technology platform by acquiring PCLender, a provider of internet-based mortgage solutions for community banks and credit unions.
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  • Outlook Dims, Even for Non-Bubble Housing Markets: Report

    New data released this week suggests the nation's housing malaise, largely confined to some of the most overheated housing markets nationwide thus far, is now spreading even to areas that have, thus far, remained resilient in the face of an industry downturn. In a year when home prices across the U.S. have fallen 15 percent, the housing market in several metropolitan markets that have to date shown resilience are now falling in line with the national downward trend, according to an analysis of home price trends in more than 375 U.S. markets based on the Fiserv Case-Shiller Home Price Index.
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  • FiServ Rolls Out Case-Shiller Updates

    Brookfield, Wis.-based Fiserv, Inc. [stock FISV][/stock] said late Tuesday that it had decided to roll out its own monthly updates to the nearly ubiquitous Case-Shiller indices it already supplies to Standard & Poor's; the company said in a press statement that its own Case-Shiller updates will include data covering more than more than 375 U.S. housing markets. The company's S&P/Case-Shiller distribution agreement includes 20 major MSAs, in comparison.
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  • Tech Roundup: REOTrans Expands Platform into Loss Mit

    REOTrans makes the leap: Well-known REO industry tech provider REOTrans is making the big leap into loss mitigation process automation, according to a company statement. The Los Angeles-based provider of a heavily-used REO management platform -- currently used by 16 of the nation's 25 largest servicing shops -- said last week it had launched a Short Payoff module, or SPO.
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  • Tech Roundup: Acqura Implements Servicing Platform, LOS Providers Go Regional

    Fiserv, Inc. [stock FISV][/stock] said Monday that it had rolled out a new suite of preemptive mortgage default resources, including Predictive Risk Index Score Modeling (PRISM) and Home Retention Solutions, that enable financial institutions to proactively identify and contact troubled borrowers with customized repayment solutions to try to keep them out of foreclosure ... executive vice president of portfolio services James L.
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  • Fiserv Poaches Countrywide CIO; Executive Exodus in the Offing?

    Fiserv, Inc., a mortgage tech provider, said Friday that Richard K. Jones will join the company as executive vice president and its Chief Information Officer. Jones arrives at Fiserv after an 8 year stint as CIO at Countrywide Financial Corp., which agreed earlier in the day to merge with Bank of America after rumors of a pending bankruptcy had allegedly put the nation's largest lender on the precipice of insolvency.
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