27 July 2016
Find out more

FIS acquires loan origination software vendor CMSI

14 April 2014  |  2940 views  |  0 Source: FIS

Underscoring its commitment to serve the consumer lending needs of North American financial institutions, FIS™ (FIS), the world's largest provider of banking and payments technology, today announced the acquisition of CMSI, a premier provider of consumer loan origination software and services.

"Lending remains the No.1 driver of revenue for financial institutions, yet they continue to struggle with inefficiencies created by the use of disparate and siloed lending systems and processes throughout the full loan life cycle," noted Rachel Landrum, executive vice president, FIS. "Combining CMSI's underwriting solution automation with FIS' closing, servicing and portfolio management capabilities creates a top-tier solution set that uniquely addresses these inefficiencies within lending organizations of all sizes. We believe the addition of CMSI better positions FIS to capitalize on the significant opportunities within the consumer lending space."

Founded in 1987, CMSI is a leading provider of consumer loan origination and portfolio management software to a broad spectrum of financial institutions within the U.S. and Canada ranging from community-based institutions to large, international lenders.

Terms of the transaction were not disclosed.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit VocaLink.comVisit capgemini.com

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9361 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9261 views 14 comments | 32 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7844 views comments | 18 tweets | 25 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
5945 views 0 | 9 tweets | 3 linkedin
Thomson Reuters and Imperial College form fintech and regtech research partnershipThomson Reuters and Imperial College form...
5911 views comments | 29 tweets | 16 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job