Fiserv Inc., the financial-services software and data-processing giant, has become a major force in mortgage technology through a combination of internal growth, acquisitions, and good timing.

The Brookfield, Wis., company's share of the servicing software market, in terms of installations, was 21.4% last year, up from 11.3% in 1994, according to SSP Associates, a Silver Spring, Md., research company. Fiserv now ranks No. 1 in servicing systems installations, and No. 2 behind Alltel Information Services in volume of loans serviced.

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