ISGN Corporation, a mortgage technology solution provider, released its latest loan servicing system, LoanDynamix, in order to meet the new demands in mortgage servicing.
The technology is delivered through a secure Software-as-a-Service model and is easily accessible from any browser, anytime and anywhere.
In addition, LoanDynamix can scale from a few thousand to more than six million loans.
LoanDynamix also complies with government regulations, including disclosures and notices.
“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,” said Paul Imura, chief marketing officer and senior executive of ISGN.
“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,” Imura continued.
At the same time, ISGN also announced that Fiserv, a global provider of financial services technology solutions, fully integrated ISGN’s Tempo default servicing platform within its LoanServ loan servicing platform.
Tempo is an end-to-end, SaaS-based default management platform and system of record that helps servicers, attorneys and vendors manage and track the default lifecycle from the collection/early intervention stage all the way through to liquidation, including bankruptcy and foreclosure attorney processes.
“Our goal was to expand the capabilities of LoanServ to specifically help clients manage portfolios of defaulted real estate loans, and Tempo is the most sophisticated default servicing platform available in the marketplace today,” said Joe Dombrowski, director of product management with Lending Solutions at Fiserv.
“With this integration, Fiserv clients can continue to improve efficiencies and mitigate compliance risks surrounding the complex default management process, enabling them to stay focused on their institutions’ future growth,” Dombrowski added.