DALLAS--(BUSINESS WIRE)--ISGN CorporationTM (“ISGN”), a leading provider of end-to-end technology solutions and services to the U.S. mortgage industry, today announced at MBA’s National Mortgage Servicing Conference & Expo 2015 the release of its latest loan servicing system, LoanDynamix™. Built on over three decades of technology expertise of LSAMS, ISGN delivers its next generation loan servicing system, LoanDynamix, to meet the new demands of servicing by fusing proven servicing utility with state-of-the-art technology.
Delivered through a secure Software-as-a-Service (SaaS) model, LoanDynamix is an out-of-the-box solution that offers a smooth migration from existing solutions. It is easily accessible from any browser, anytime and anywhere so servicers can work where and how they are most comfortable. Supporting the entire servicing lifecycle, LoanDynamix can scale from a few thousand to more than six million loans while substantially improving operational performance, supercharging productivity and abbreviating turnaround times. By improving and automating loan boarding, transaction processing and banking, investor accounting, collections and payoffs, LoanDynamix can help servicers increase staff productivity, manage higher loan volumes with existing staff, and increase business profitability.
Additionally, LoanDynamix provides a window into servicers’ business. An intuitive dashboard, as well as point and click reporting, gives servicers transparency into portfolio and loan-level analytics, aids in the assessment of early delinquency and compliance with federal and investor regulations. Dedicated to compliance, LoanDynamix also offers user-definable business logic to adhere to investor and government regulations, including disclosures and notices. It also automates HUD/FHA reporting requirements, manages borrower communication and tracks multiple escrow lines.
“Mortgage servicing comes with a myriad of challenges,” said Paul Imura, CMO and senior executive of ISGN. “In fact, the majority of mortgage-related complaints received by the CFPB stem from servicing and defaults, and, more than a third are due to routine servicing functions like management of payments, escrow and transfers. Our industry is ready for change. We believe one in three servicers are looking to replace their core platforms.”
Imura continued, “One way to affect change is through core servicing systems like ISGN’s next-generation LoanDynamix – a viable solution for both organizations entering the servicing market looking to start-up quickly with a low cost technology alternative or established servicers trying to keep up with rising loan servicing costs and a demanding regulatory environment. With LoanDynamix, our servicer clients can differentiate themselves in terms of lower operating costs and a higher level of efficiency and automation that can free up resources to drive capital creation.”
ISGN is a leading end- to-end provider of mortgage technology and services, impacting over 5.5 million of all U.S. mortgage loans. Our domain and technology experts have spent more than 25 years creating award-winning technologies and solutions to help financial institutions improve precision, reduce risk, manage volatility and effectively transform their business. With flexible staffing and delivery models, ISGN is uniquely positioned as one of the few comprehensive end-to-end mortgage service providers to both the origination and servicing sectors. ISGN also offers valuation, title and closing services. The company works with a majority of the top ten national lenders, as well as with regional lenders, nonbanks, credit unions and community banks. For more information, visit www.ISGN.com.