ISGN Introduces LoanGPS™, a Transparent Workflow Tool for Mortgage Processing

LoanGPS captures real-time data from borrowers, loan processors, underwriters and vendors in a collaborative effort to efficiently speed loan closings

MELBOURNE, FL — February 21, 2012 — ISGN Corporation^™ (“ISGN”), a leading provider of end-to-end technology solutions and services to the U.S. mortgage industry, has introduced LoanGPS™, a collaborative processing engine and workflow tool, to efficiently enhance ISGN’s processing of outsourced mortgages for third parties.

A problem for lenders and banks today is the high fixed cost structure of mortgage lending, leading many banks to close correspondent lending channels and focus on retail and online channels. Lenders also are aware of borrower concerns about the lack of transparency and the fees and associated costs of mortgage processing. The mortgage market is beginning to reconfigure to strategically take advantage of the lower costs and efficiencies provided by mortgage outsourcing. LoanGPS offers cutting edge loan processing capabilities for ISGN to close outsourced loans more effectively and efficiently for lenders and banks by minimizing variations and ensuring that the loan closes on time.

LoanGPS aligns with customer origination systems to seamlessly collect loan data for outsourced loans processed by ISGN. LoanGPS uses proprietary technologies including LoanNavigator™, LoanPath™ and iQueue™ to capture, track and analyze real-time data from borrowers, loan processors, underwriters and vendors. The system automatically assigns tasks according to the customizable workflow configuration. LoanGPS essentially tracks the loan transparently through processing so all involved know the tasks at hand ensuring on-time loan closing.

“LoanGPS creates a collaborative and transparent loan processing transaction that increases pull-through rates for lenders and speeds up loan cycle times, thus increasing borrower satisfaction,” said Krishna Srinivason, vice chairman and CEO of ISGN. “It significantly assists processors and underwriters in navigating their day to profitably handling 30 to 35 loans, guiding them through all the required steps to close the loans. Innovation like ISGN’s LoanGPS is leading the mortgage market transformation and allowing lenders and banks to further reduce fixed lending costs through outsourcing.”

About ISGN

ISGN is a leading provider of mortgage technology and services. A fast-growing company with more than 1,000 customers, including large global banks and many of the top 10 lenders in the country, ISGN’s product line includes a complete range of solutions for lenders, brokers and servicers. ISGN is funded by the highly regarded venture firms New Enterprise Associates (NEA) and IndoUS Venture Partners (IUVP), and by CFCL Overseas Limited, an SPV of Chambal Fertilisers and Chemicals Limited, a KK Birla Group company. Based in Melbourne, Florida, ISGN now employs more than 1,000 people across six domestic centers and two international facilities. For more information, visit www.ISGN.com.

PRESS CONTACT 

Marshall Taylor

 Strategic Vantage Marketing & Public Relations 

 MarshallTaylor@StrategicVantage.com

(410) 867-1093                                                  

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