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ISGN Names a New CEO

TMCnews Featured Article


June 12, 2012

ISGN Names a New CEO

By Raju Shanbhag, TMCnet Contributor


ISGN is among the most diverse and experienced providers of mortgage technology and services. From origination to settlement services, to support on core servicing, loss mitigation and home retention services, the company’s industry leading solutions support a whole range of the loan life cycle. ISGN is a true platform based services provider.


Recently, the company named Ritesh Idnani as its new chief executive officer. Earlier, Krishna Srinivasan, founder, CEO and vice chairman of ISGN was the chief executive officer. Krishna Srinivasan will now continue as a member of the board and will remain executive vice chairman of the company.

Before joining ISGN, Idnani was with Infosys (News - Alert) BPO Limited, an Infosys Group company. Here, he served as chief operating officer and senior vice president. Idnani developed Infosys BPO's revenue from $40 million to approximately $500 million annually in six fiscal years, from 2005 to 2011. In his tenure, he also secured the highest operating margins in the worldwide business process outsourcing (BPO) sector, the company stated in a press release.

“Ritesh is a superb choice to lead ISGN to its next phase of growth and development," said Shyam (News - Alert) Bhartia, chairman of the board at ISGN. "Along with his proven track record and immense experience, Ritesh brings on board tremendous strengths in growing multiple businesses organically as well as inorganically, which coupled with his global exposure and success with great companies will be a perfect complement to ISGN's all-star team and its mortgage industry expertise.”

Recently, the company launched a new Quality Control Service for Correspondents, a program for correspondent lenders with warehouse lines of credit that evaluates all quality control points in the origination of mortgage loans, from the submission of a loan application to post-closing. ISGN’s quality control expertise ensures that mortgage loans are ready for delivery into the secondary market, reducing repurchase risk.




Edited by Brooke Neuman







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