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London Bridge for Sale?(Brief Article)
Fidelity National Financial here, the "PacMan" of vendor acquisitions, may be poised to strike again.
Sources say London Bridge has put its mortgage technology assets up for bid and FNF - which is trying to become a "bundled services" behemoth - is a leading bidder.
Both London Bridge, which is based in Atlanta, and FNF, declined to comment as Mortgage Servicing News went to press.
One mortgage technology executive told MSN that London Bridge has been actively trying to sell its mortgage assets, which include both origination and servicing systems.
London Bridge's U.S.-based products include the "LSAMS" servicing system, and "The Mortgage Originator" loan origination software series.
LSAMS is the old Servantis system, which at one time was owned by secondary market giant Fannie Mae. LSAMS has about 30 customers, said ...
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...about." The deal is London Bridge's second with Checkfree...anonymity, said that London Bridge may have overvalued the unit. Mortgage technology vendors operate in a...offers, but that London Bridge offered what seemed...
- London Bridge Group Interfaces With The Credit Network To Offer Credit...
- Press release article from: Business Wire August 28, 2003 700+ words
...BUSINESS WIRE)--Aug. 28, 2003 London Bridge Group, a major provider of intelligent...announced the two companies have integrated London Bridge Group's Diamond(TM) loan origination...mortgage credit reporting system, with London Bridge's BridgeLink(TM) eServices network...