Fiserv Acquires Del Mar Database
BROOKFIELD, Wis. - As part of its strategy to provide end-to-end solutions to the mortgage industry, Fiserv has acquired Del Mar Database, San Diego, a provider of automation systems for small-to-mid-sized residential mortgage lenders. While Fiserv is already a significant provider of information technology products and services to the lending industry, President/CEO Leslie Muma said the acquisition of Del Mar Database allows Fiserv to expand its offerings to mortgage brokers and other small and mid-sized lenders. Del Mar Database offers a variety of solutions to automate the back office functions for mortgage brokers and other lenders. The company recorded revenue of about $12 million in 2004. The purchase price was not disclosed.