IndiSoft Names Kapil Dhakad Vice President

COLUMBIA, Md.--(BUSINESS WIRE)--IndiSoft, a technology development firm that focuses on systems for the default services industry, has promoted Kapil Dhakad from project manager to vice president of custom solutions of the company. He is now responsible for ensuring that product configurations are tailored to meet specific needs of each client.

“IndiSoft is one of the leading mortgage technology firms dedicated to improving processes that will assist the industry in rebounding from the current economic challenges”

“We are fortunate to have employees such as Kapil who are dedicated to working toward the improvement of the industry’s processes as a whole,” said Sanjeev Dahiwadkar, CEO and president of IndiSoft. “Having devoted people such as Kapil allows our company to continue providing the highest level of excellence in delivering the leading default and compliance technology that has become our signature in the industry.”

Dhakad joined IndiSoft in 2004 as a team leader and spearheaded implementing the RxOffice® platform for several clients. He became project manager in 2007 and was responsible for managing, analysis, integration, maintenance and implementation as well as client interaction.

“IndiSoft is one of the leading mortgage technology firms dedicated to improving processes that will assist the industry in rebounding from the current economic challenges,” Dhakad said. “I am excited about the commitment IndiSoft has made to its clients and the industry, and I am glad to be a part of the company that focuses on delivering cost-effective solutions expeditiously.”

IndiSoft’s services range from consulting to complex software design and development, and its RxOffice platform provides customizable document management, workflow and reporting capabilities that streamline default lifecycle processes. IndiSoft’s latest additions, MortgageRx and RxOffice® Compliance, enable servicers and stakeholders respectively to comply with regulatory and investor requirements while managing multiple auditing requests and adhering to best practices.

About IndiSoft LLC

Columbia, Md.-based IndiSoft LLC develops, licenses and supports a wide range of SaaS solutions for the financial services industry, including MortgageRx, RxOffice Compliance, RxOffice Legal and RxOffice Reporting Portal. IndiSoft continues to lead the innovation in transforming how the default servicing industry communicates and exchanges information. The company is offering its RxOffice® platform (patent pending) to mortgage insurers, investors, servicers, counselors and homeowners with regulatory compliance and secured communications technology and the infrastructure to enable transparent and real-time communication to speed up the decision and execution of the same. IndiSoft received the 2010 10X Award from Mortgage Technology magazine for having a lasting impact on the mortgage industry with its RxOffice technology and was honored in the Inc. 500|5000 listing of fastest growing private companies in the U.S. two years in a row. For more information about IndiSoft visit its Web site at www.indisoft.us.