Fiserv to Buy Emergis' U.S. Holdings

Fiserv Inc., Brookfield, Wis., has entered into a definitive agreement to acquire the assets of the eLending U.S. operations of Emergis Inc., Montreal, Quebec.Emergis disclosed on its website that the purchase price is US$13.75 million in cash. The eLending Emergis operation enables mortgage lenders to obtain third-party services needed to process, close, and fund mortgage loans via the Internet. In addition, it provides the capability to manage, electronically sign, and store mortgage documents in a secure electronic environment. Fiserv said the eLending U.S. Emergis technology includes the Vendor Services Exchange component on which Fiserv's Electronic Partner Connection operates as a private-label system. The Electronic Partner Connection is an electronic network that provides mortgage originators with a single online point of entry for the order and delivery of any mortgage-related products or services. The companies can be found on the Web at http://www.fiserv.com and http://www.emergis.com.