FIS Buys Underwriting Solutions Provider CMSI

canstockphoto12179642 (2)Fidelity National Information Services, Inc., or FIS, a provider of banking and payment technology, said Monday it acquired CMSI, a provider of consumer loan origination software and services.

FIS executive vice president Rachel Landrum said the combination of CMSI’s underwriting solution automation with FIS’ closing, servicing and portfolio management capabilities will create 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,” she said.

Terms of the deal weren’t disclosed.

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