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 lenders expect.
Mortgage lenders operate in an evolving marketplace in which they are challenged to deliver a more efficient lending process in tandem with a compelling borrower experience. Fiserv is working to simplify today’s lending experience for financial institutions and borrowers, delivering powerful tools to originate, process, underwrite and deliver loans in a secure, paperless environment.
“Rapidly evolving consumer expectations require a seamless approach to banking experiences, including mortgage origination,” says Jeffery Yabuki, president and CEO of Fiserv. “PCLender provides Fiserv with a full digital suite of mortgage origination solutions for banks, credit unions and mortgage lenders. We welcome the existing clients and talented team members to our company.”
A complement to the existing Fiserv lending solution suite, these assets provide a set of easy-to-use internet-based mortgage solutions for banks, credit unions and mortgage lenders, the company asserts. This fully managed, end-to-end solution simplifies origination, document collection and compliance reporting, streamlining consumer direct and retail mortgage and HELOC loan origination.
Fiserv says the technology offers a feature-rich user experience and improved operational efficiency for mortgage lenders with existing resources. Supporting lenders of all sizes, PCLender provides solutions for lenders funding up to 5,000 loans per month.
“Joining Fiserv accelerates our ability to scale our solution, while simplifying solutions for every phase of the loan process to benefit our clients,” says Lionel Urban, CEO of PCLender. “We look forward to leveraging our combined expertise to deliver greater client value and an enhanced experience for their customers.”
Financial terms will not be disclosed.
