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March 31, 2005

Fiserv acquires Del Mar Database to provide mortgage software

Brookfield, Wisconsin-based Fiserv has acquired Del Mar Database, a provider of mortgage automation systems, with the aim of expanding its product offerings to mortgage bankers and lenders.

By CBR Staff Writer

Del Mar Database offers applications such as its DataTrac, a centralized database for tracking loan data, and WebTrac Pro, which links loan origination systems and relevant ancillary products. The company also provides additional functional, process management and security tools, including document imaging and pricing applications, to enable lenders to gain multi-user access to loan approval and processing information.

Fiserv’s suite of products include automotive finance portfolio management, vehicle remarketing, mortgage lead management and customer loyalty programs. In addition it includes automated valuation model (AVM) products, mortgage banking software and services, appraisals, broker price opinions, credit reporting, closing services and default management.

Del Mar Database is headquartered in San Diego and the company’s 40 employees are expected to join Fiserv.

Fiserv acquired Del Mar Database from investment companies MHT Partners, Timeline Ventures and Titan Investment Partners.

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