Fiserv Expands Into OREO

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Fiserv, Inc., said it has agreed to acquire Lenders Financial Services, an Agoura Hills, Calif.- based provider of services to help credit unions and banks value, maintain and dispose of real estate owned. LFS has 24 employees and a network of 20,000 appraisers and realtors in all 50 states and processes about 7,000 appraisals monthly. Terms of the deal were not disclosed.

Separately, Fiserv Lending Solutions has signed an agreement that enables Data-Vision, Inc. to offer its RemoteDocs electronic document delivery services to UniFi PRO Mortgage users. The alliance can help Fiserv UniFi PRO software clients further automate their operations, acquire new tools to reduce the cost of doing business, and improve customer service by accelerating the lending process from document preparation to closing, the firms said.

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