ISGN Solutions, a unit of ISGN Corp., announced Monday that it has completed its acquisition of the loan fulfillment services business from the financial technology provider Fiserv Inc.
ISGN, of Bensalem, Pa., said the acquisition makes it one of the top three technology and service providers in the mortgage industry for lenders and servicers seeking a single-source provider.
It brings new features to ISGN's suite of services, including broker price opinions, closing and settlement services, valuation services, flood and title certification, home retention and loan modification services and vendor management services.
The price of the deal, which was announced in September, was not disclosed.
"With the combined strength of the two entities and a comprehensive suite of end-to-end products and services, customers can now focus on loan profitability and creating business impact, while working with a trusted partner," Niraj Patel, a group president of ISGN, said in the company's press release Monday.
A Fiserv rival, Fidelity National Information Services Inc. of Jacksonville, Fla., spun off its mortgage servicing unit in July 2008 to form Lender Processing Services Inc.