Fiserv acquires LOS vendor PCLender

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Fiserv has acquired the assets of mortgage software company PCLender for undisclosed sum. pclender has developed a mortgage origination, processing and compliance application for smaller and mid.

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Fiserv Inc., a global provider of financial services technology solutions, says it has acquired the assets of PCLender LLC, an internet-based mortgage software and mortgage lending technology solutions company. According to Fiserv, this acquisition will enhance its suite of mortgage origination services, which enable Fiserv clients to deliver the experience today’s consumers and mortgage.

Application volume is flat as refinance activity slows According to the mortgage bankers association’s Weekly Applications Survey, average mortgage rates rose last week from the week before. Rates were up across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans.

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Unique features provided in PCLender’s loan origination software and mortgage lending software include the ability to print, email, or e-sign more than 2,000 forms directly from within the program, and manage workflow using the integrated status sheet, access to vendor interfaces, loan summaries, and data checks.

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According to Fiserv, the acquisition of PCLender was designed to "enhance the Fiserv suite of mortgage origination services.". Home Fiserv selling majority share in servicing business to.

 · Our integrations with PCLender and Encompass360 make these improvements available to even more customers." Genworth USMI provides seamless, secure electronic data connections to the mortgage origination systems of the nation’s leading LOS providers, as well as to the proprietary systems of many of the nation’s largest lenders.

said CSC Generation acquired Bon-Ton for three reasons: the love of customers, a competent and loyal workforce and the opportunity to rebuild an American icon. Bon-Ton filed for bankruptcy in February.