The planned sale of a majority of Fiserv Inc.’s lending unit will include its mortgage servicing software but will exclude its mortgage origination system.

On Wednesday, the Brookfield, Wisconsin-based company disclosed that it is selling 55 percent of its interest in Fiserv Lending Solutions to Warburg Pincus LLC.

By retaining a 45 percent interest in the business, Fiserv will create a joint venture that it said will strengthen service and innovation.<

Source: Mortgage Daily