The Time Dependent Schrödinger Equation (TDE) is a linear, second order partial differential equation (PDE) with variables time $t$ and position $\mathbf{r}$.
When trying to obtain the Time Independent Schrödinger Equation (TISE) we apply a well-known method known as separation of variables (SoV). This method is not inherent to quantum mechanics, wave functions or the Schrödinger Equation, it just works for that type of PDE.
Using the method of SoV we assume that the wave function can be written as:
$$\psi(\mathbf{r},t)=\Psi(\mathbf{r})\varphi(t)$$
Insertion of this assumption into the TDSE then yields two ordinary differential equations, one for $\Psi(\mathbf{r})$ and one for $\varphi(t)$.
Similar SoV methods are used for the classical wave function, the heat equation and the diffusion equation (among others).