In a move to broaden their reach to the small-to medium-size lender market Fiserv has acquired Del Mar Database, San Diego, the two companies said.Del Mar will continue to be run independently with no management changes, according to John Walsh, Del Mar Database president. Mr. Walsh said the acquisition will "add a lot of credibility to Del Mar." Leslie Muma, Fiserv president and chief executive officer, said the acquisition is a key milestone in the company's goal of "building the most complete technology solution for the lending industry." The actual price and terms of the deal were undisclosed. Del Mar can be found on the Web at http://www.delmard.com.
-
Mortgage servicing rights owners making their plans for 2025 are dealing with additional stress beyond the normal opaque nature of the business, SitusAMC said.
1h ago -
The move builds out a fee-based resolution for certain loan flaws piloted in 2024, which was set for a full 2025 rollout prior to changes in federal leadership.
1h ago -
The company maintained its guidance for the year as the bottom line returned to the black in the first quarter, officials reported in an earnings call.
2h ago -
Citizens Financial Group's promotion of Brendan Coughlin to company president comes at the same time as CFO John Woods prepares to leave for State Street. Both executives have been viewed as potential successors to CEO Bruce Van Saun.
3h ago -
The wholesale lender dubbed the development a "huge win" for itself and the broker community.
5h ago -
The Federal Reserve's preferred inflation reading fell in March, but the positive reading came before new trade policies hit the economy.
6h ago