In addition to an acquisition involving a loan origination system, two LOS service provides have upgraded there systems — with one labeled as a "major" release. Meanwhile, LOS integrations continue.

The assets of PCLender LLC have been acquired by Fiserv Inc., Brookfield, Wisconsin-based Fiserv said in an Aug. 1 statement. The acquisition is expected to enhance Fiserv’s suite of mortgage origination services.

"PCLender provides Fiserv with a full digital suite of mortgage origination solutions for banks, credit unions and mortgage lenders," Fiserv President and Chief Executive Officer Jeffery Yabuki said in the announcement.


Source: Mortgage Daily