ISGN acquires US mortage software firm

Chennai, May 23 (UNI) ISGN, a leading technology services provider to the US mortgage industry, today announced that it has acquired Dynatek, an US-based provider of mortgage automation software for retail and wholesale lenders.

With this acquisition, ISGN served more than 400 lender clients, achieving considerable penetration into the industry's mid-market, and had added another significant asset in line with its overall strategy of becoming the industry's technology and service leader, a company release here said.

Dynatek was a pioneer in providing software to mid-market mortgage lenders in the US. Dynatek's flagship product, MORvision, was a flexible lending solution that automated processes such as point-of-sale and web origination through processing, underwriting, closing, secondary tracking and delivery.

ISGN's addition of Dynatek followed the company's late-March acquisition of the mortgage software division of Fair Isaac Corporation, a leading US-based provider of predictive technology to the financial services industry.

These acquisitions drive ISGN's competitive strategy of bringing process and technology improvements, as well as cost efficiencies to the mortgage industry through platform-based Knowledge Process Outsourcing (KPO), the release added.

UNI