Fintech provider Fiserv has purchased the assets of PCLender, a Nevada-based provider of internet-based mortgage lending solutions for community banks, credit unions and mortgage bankers, for an undisclosed sum.
Fiserv said that PCLender’s software has been designed to simplify origination, document collection and compliance reporting, streamline consumer direct and retail mortgage as well as HELOC loan origination.
The solutions are aimed at lenders of varied sizes, and support lenders funding up to 5,000 loans monthly.
Fiserv president and CEO Jeffery Yabuki said: “Rapidly evolving consumer expectations require a seamless approach to banking experiences, including mortgage origination.
“PCLender provides Fiserv with a full digital suite of mortgage origination solutions for banks, credit unions and mortgage lenders. We welcome the existing clients and talented team members to our company.”
PCLender CEO Lionel Urban added: “Joining Fiserv accelerates our ability to scale our solution, while simplifying solutions for every phase of the loan process to benefit our clients.”