Medallion Analytics and ISGN Partner to Offer State-of-the-Art HUD Preparation and Post-Closing Automation Tools

Medallion HUD PrepTM and Medallion Post-Close AuditTM tools to be added to ISGN®’s Gators® Settlement Services System

PITTSBURGH--()--Medallion Analytics, a leading mortgage technology company that provides compliance and control across the entire loan origination and settlement process, and ISGN CorporationTM (“ISGN”), a leading provider of end-to-end technology solutions and services to the U.S. mortgage industry, announced that its Medallion HUD PrepTM and Medallion Post-Close AuditTM solutions will be integrated with ISGN’s Gators® Settlement Services and Vendor Management System.

The Gators® system allows appraisal and settlement companies to automate and streamline their entire process from order entry to final product fulfillment. By adding Medallion’s suite of productivity and compliance tools, users will benefit from drastically reduced document preparation times and improved accuracy on closing documents.

“Our partnership with ISGN allows us to introduce a unique set of capabilities for the industry that demonstrates the power of streamlining and automating settlement services, driving down cost and processing time, while dramatically enhancing quality,” said Joel Davidson, CEO of Medallion Analytics. “With Medallion’s unique ability to extract and analyze content from mortgage documents and transform it into data, Medallion gives settlement services companies a breakthrough solution to automate the entire pre- and post-close settlement process. The end result is no rekeying, far fewer errors, and very importantly, lower cost.”

Using Medallion’s revolutionary automation technology, settlement services companies can reduce their HUD-1 preparation time to a matter of minutes. By eliminating costly errors of manual data entry and reviews, settlement services companies will be able to drastically improve their service levels for their customers.

“We are excited about the productivity boost Medallion’s technology will offer to our customers to better serve their lenders while improving their bottom line,” said Tim Anderson, Director of Corporate Technology Strategy for ISGN. “The ability to compare the lenders’ original HUD-1 against the final to make sure they are still within GFE tolerance requirements reduces a huge compliance burden and risk for them.”

About Medallion Analytics

Medallion Analytics offers web-based technology solutions for the mortgage industry providing control over compliance and cost across the entire mortgage origination and closing process. Powered by unique data extraction tools and a proprietary analytics-driven decision rules engine, Medallion Analytics solutions deliver real-time analysis and evaluation of all documents, customized to meet the unique quality and compliance requirements of each customer’s mortgage process. Visit: http://medallionanalytics.com.

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 a majority 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 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.

Contacts

For Medallion Analytics
Jennifer Faines, 412-559-2860
Jennifer.faines@gmail.com

Release Summary

Medallion Analytics and ISGN Corp. announce that Medallion HUD PrepTM and Medallion Post-Close AuditTM solutions will integrate with ISGN’s Gators® Settlement Services and Vendor Management System.

Contacts

For Medallion Analytics
Jennifer Faines, 412-559-2860
Jennifer.faines@gmail.com