Financial information software vendor Fiserv has acquired Lenders Financial Services (LFS), a provider of mortgage management products and services. Terms of the transaction were not disclosed.
California-based LFS has a national network of 20,000 appraisers and Realtors and processes about 7000 appraisals and broker price opinions monthly.
Peter Alexander, LFS president says the acquisition will enable the firm to cross-sell products and services to Fiserv's client base.
Fiserv says the deal will add about $8 million to 2003 revenues.