Magazine article Mortgage Banking

ISGN Acquires Business Process Specialists for U.S. Mortgage Industry

Magazine article Mortgage Banking

ISGN Acquires Business Process Specialists for U.S. Mortgage Industry

Article excerpt

ISGN Technologies Ltd., Chennai, India, announced its acquisition of Kolkata, India-based Inuva Info Management Inc., a provider of information processing, business process outsourcing (BPO) and application software consulting to the mortgage banking and real estate finance industry. Terms of the acquisition were not disclosed.

This acquisition adds mortgage-specific knowledge process outsourcing (KPO) capabilities and further enables ISGN's strategy of providing a full suite of services and solutions for the U.S. mortgage industry, according to Krishna Srinivasan, chief executive officer of ISGN.

"ISGN's acquisition of Inuva furthers our vision of transforming the operational environment of the U.S. mortgage industry through consulting, technology and platform-based KPO services," said Srinivasan. "Leveraging the deep domain understanding of our team of seasoned industry executives, we are in a unique position to provide an end-to-end solution for the mortgage industry," he said.

Srinivasan said ISGN today holds an 18 percent market share, with 400 lender clients originating $500 billion in loans through its residential and construction lending platforms. …

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