Fiserv to Sell Loan Fulfillment Business

Mortgage technology vendor Fiserv Inc., has signed a definitive agreement to sell its Loan Fulfillment Solutions business to ISGN Solutions Inc., Bensalem, Pa., for an undisclosed sum. The transaction is subject to customary closing conditions and is expected to close within 30 days. Fiserv said it does not expect the transaction to have a material impact on its financial results. LFS provides financial institutions outsourced home equity loan fulfillment services, including broker price opinions, closing and settlement services, valuation services, flood and title certification, home retention and loan modification solutions, portfolio and vendor management solutions, and related services. Despite recent mortgage technology divestitures, Fiserv contends that it is still "committed to providing best-in-class lending solutions." On the other hand, ISGN continues to acquire added mortgage technology applications and services. ISGN specializes in mortgage lending technology and solutions, including fulfillment services, title and default management.