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Fiserv Sells Loan Business – Analyst Blog

Zacks Market Commentaries (September 30th, 2009) Writes:
Fiserv, Inc (FISV) has decided to sell its financial services technology solutions business. The company announced today that it has signed a definitive agreement to sell its Loan Fulfillment Solutions (LFS) business to ISGN Solutions Inc., a subsidiary of ISGN Corporation.  Fiserv assists financial institutions and health plan administrators in managing their information systems so that they can efficiently deliver services to their customers. The company is one of the leading providers of e-commerce solutions to financial institutions. Based in Bensalem, Pa, ISGN provides mortgage technology and services to banks and lenders.  The transaction is subject to customary closing conditions and is expected to close within 30 days. Financial terms of the transaction were not disclosed and the company does not expect this transaction to have a material impact on its financial results.  LFS provides financial institutions loan fulfillment services, which include broker price opinions, ...

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