Magazine article Mortgage Banking

ISGN Adds Invoice-Processing System to LenStar

Magazine article Mortgage Banking

ISGN Adds Invoice-Processing System to LenStar

Article excerpt

ISGN Corporation, Bensalem, Pennsylvania, a provider of technology products and services to the U.S. mortgage market, has added a new invoice-processing system (IPS) to its LenStar technology, a Web-based attorney and referral communication system for the default management market. The IPS streamlines and automates invoice-management functions between lenders and the attorneys and other vendors with whom they do business.

With the new solution, lenders and their attorneys and vendors can settle accounts payable and receivable quicker and with fewer errors than when manually toggling between accounting and invoicing systems, according to ISGN.

The IPS is seamlessly integrated into LenStar. Users can use a single sign-on to access both LenStar and the invoice-processing system, so lenders and their attorneys and vendors can quickly and easily manage their related LenStar invoices without having to leave their LenStar systems. Attorneys and vendors can electronically submit invoices individually or in a batch format, and lenders can use the system to approve and deny invoices, all virtually instantaneously.

Lenders and attorney vendors can also manage the status of invoices through automatically updated work queues; and custom dashboards track the invoice process automatically, enabling clients and vendors to bypass repeat data entry and toggling between systems. …

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