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.
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Intermediary automation has increased the immediate availability of product, pricing and eligibility information to both sides of the mortgage business.
11h ago -
Radian undertook a multiyear process that resulted in the $1.7 billion purchase of Inigo, but it's exiting other businesses outside of mortgage insurance.
11h ago -
Rate rolled out its Rate App entirely in Spanish Thursday as part of its Language Access Program.
11h ago -
CrossCountry Capital will partner with an Ares Alternative Credit fund and Hildene Capital Management after receiving $1 billion of equity capital commitments.
September 18 -
President Donald Trump asked the Supreme Court to reverse a lower court ruling allowing Federal Reserve Gov. Lisa Cook to remain in office pending the outcome of her lawsuit challenging Trump's move to fire her late last month.
September 18 -
The 30-year fixed rate mortgage was down another 9 basis points this week, Freddie Mac said, but much of this pricing was before the Federal Reserve meeting.
September 18