PALM BAY, Fla. — July 13, 2015 — ISGN CorporationTM (“ISGN”), a leading provider of end-to-end technology solutions and services to the U.S. mortgage industry, today announced that Intercap Lending will implement LoanDynamix™, a next generation, web-based loan servicing system built to better meet the new demands of servicing by fusing proven servicing utility and compliance with state-of-the-art technology.
Based in Irvine, Calif. with a servicing center in Albuquerque, N.M., Intercap will leverage ISGN’s LoanDynamix to improve operational efficiency and continue to meet regulatory guidelines. The lender decided to migrate to ISGN’s secure Software-as-a-Service (SaaS) model that delivers lower operating costs and smooth transition from existing solutions.
Built on decades of LSAMS’ technology expertise, LoanDynamix provides an improved way to manage data, be more efficient and create loan-level insight. It is easily accessible from any browser, anytime and anywhere, enabling Intercap’s employees to work where and how they are most comfortable. Supporting the entire servicing lifecycle, LoanDynamix can scale from a few thousand to more than six million loans. By migrating to ISGN’s latest servicing platform, Intercap will have the ability to increase staff productivity, manage higher loan volumes with existing staff and increase its business profitability.
“By selecting ISGN’s latest loan servicing system, we will benefit from a fully web-based system that not only streamlines our processes and provides for greater efficiency, but will prove to be a competitive advantage,” said Clay Tol, chief operating officer and director of Capital Markets for Intercap.
Another primary reason Intercap decided to migrate to ISGN’s new platform was its intuitive dashboard and point and click reporting. Intercap will now have transparency into portfolio and loan-level analytics. Tol added, “What really stood out to us about LoanDynamix was its executive dashboard. It can take hours to pull reports, but with the new system, we’ll be able to generate complete reports within just seconds. This is a huge benefit.”
“Prior to a tighter regulatory environment, core servicing systems offered an opportunity for servicers to differentiate their offering in terms of cost and efficiency,” said Paul Imura, CMO and senior executive of ISGN. “As a result, servicers moved towards smaller and more customized systems that offered a lower operating cost and a high level of efficiency and automation. The problem was that servicers were then confined to a specific homegrown, highly customized system that often makes it harder to keep pace with a changing industry.”
Imura continued, “LoanDynamix is a viable solution for both new servicers wanting to manage costs effectively without sacrificing quality and established servicers like Intercap who are faced with soaring costs and a demanding regulatory environment. We look forward to continuing our strong partnership with Intercap.”
About Intercap Lending
With integrity and intelligence, Intercap Lending has distinguished itself as a careful but effective lender, loan service and securitization specialist. Since 1978 Intercap has served the residential lending needs of our communities. Intercap Lending’s mission is to provide affordable home ownership opportunities while earning the trust of employees, borrowers, realtors, builders and affinity partners. Intercap Lending, with corporate offices in Aliso Viejo, California, is a direct Fannie Mae, Freddie Mac and Ginnie Mae seller, servicer and issuer. For more information, visit www.intercaplending.com.
About ISGN
ISGN is a leading end- to-end provider of mortgage technology and services, impacting over 5.5 million of all U.S. mortgage loans. Our domain and technology experts have spent more than 25 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. ISGN also offers valuation, title and closing services. 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.