|[October 29, 2013]
ISGN Named Mortgage Technology's 2013 "Release of the Year" Award Winner
PALM BAY, Fla. --(Business Wire)--
CorporationTM ("ISGN"), a leading provider of end-to-end
technology solutions and services to the U.S. mortgage industry,
announced today that it was named the winner of Mortgage Technology
magazine's 2013 "Release of the Year" Award for its CFPB
Mock AuditTM, which helps financial institutions and
mortgage lenders maintain compliance with the changing regulatory
environment, CFPB rules and Fair Lending requirements.
The 14th Annual Mortgage Technology Awards showcase innovative
technology developers and users that are promoting more efficient and
cost-effective lending practices. The "Release of the Year" Award
recognizes a new software, platform, alliance, or initiative that is
expected to hav the broadest future impact on the mortgage industry.
"It is an honor to be awarded 'Release of the Year' by Mortgage
Technology for our CFPB Mock Audit, as it is the premier mark of
distinction for technological excellence in the mortgage industry," said
Amit Kothiyal, CEO of ISGN. "Our CFPB Mock Audit demonstrates the power
of technology coupled with deep domain expertise and a proven
consultative approach. Through this transformational solution, we are
helping lenders navigate the complex and costly regulatory environment -
a true need in today's industry."
The CFPB Mock Audit is a comprehensive, cost-effective risk framework
that evaluates lenders' policies, procedures and practices to identify
internal compliance-related deficiencies before an audit takes place.
When left unchecked, Fair Lending and Home Mortgage Disclosure Act
(HMDA) risk can stall growth, undermine acquisition plans, hinder
profitability and damage a lender's reputation. By leveraging ISGN's
CFPB Mock Audit, lenders can mitigate against these severe consequences
by bringing out any issues prior to the actual regulatory review.
"We are ecstatic to be recognized among the industry's most elite
technology leaders," said Paul Imura, CMO of ISGN. "We focus on
delivering best-of-breed compliance solutions because it is a top
concern for lenders. Our product can be used by lenders of all sizes who
want to quickly and cost-effectively address compliance issues."
Based in Palm Bay, Fla., ISGN is a leading end-to-end provider of
mortgage technology and services, impacting almost 11% of all U.S.
mortgage loans. Our 1,500 domain and technology experts have spent more
than 20 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. 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.
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