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ISGN Launches TempoTM Web-Based Default Management Platform to Ensure Process Efficiency and Regulatory Compliance

  ISGN Launches TempoTM Web-Based Default Management Platform to Ensure
  Process Efficiency and Regulatory Compliance

 Platform combinesautomation and vendor management functionality, increasing
institutions’ productivity, providing significant cost savingswhen processing
                               defaulted loans

Business Wire

DALLAS -- February 19, 2013

ISGN Corporation^TM (“ISGN”), a leading provider of end-to-end technology
solutions and services to the U.S. mortgage industry, announced during MBA’s
National Mortgage Servicing Conference & Expo 2013 the launch of Tempo^TM, a
web-based default management platform. Tempo offers dynamic, real-time work
queues and reportable communication to ensure that internal and external
parties quickly and efficiently fulfill all required steps to complete a loan.

Because of leading edge technology, Tempo seamlessly integrates with any
servicing application, attorney network, or other third-party system, ensuring
all parties are aware of each step’s progress. In addition, the web-based
platform features a powerful, fully customizable workflow engine, allowing
institutions to change or add tasks at anytime throughout the process. Tempo
reduces risk and error with less human interaction and ensures full compliance
of Fannie Mae and Freddie Mac guidelines. Additionally, institutions are able
to save costs by scaling quickly to critical timelines with real time work
assignments, as well as save time with researchable loan history and systemic
process workflow, reducing the need for a large, dedicated staff.

The release of Tempo is timely given market challenges to attain
profitability. According to Paul Imura, chief marketing officer at ISGN, “In
order to offset the higher cost structure in servicing, technology solutions
are a key lever to improving precision, reducing cost and enabling lenders to
strategically focus on their business.”

“Web-based integration and workflow are the key technology underpinnings of
default management systems that can improve delinquent loan processing speed,
accuracy, compliance and cost reduction,” said CEB TowerGroup senior research
director Craig Focardi. “Service-oriented architecture enables real-time
integration with multiple internal subsystems, vendor management and external
customer communications and reporting.”

“In today’s dynamic and ever-changing regulatory environment, ensuring
complete accuracy within the mortgage servicing market is paramount,” said
Ankush Dham, director of technology products and services for ISGN. “With
Tempo, we’re not only keeping servicers compliant, but enabling significant
cost savings. For a servicer, that could translate into nearly $800,000 in
cost savings a year. We anticipate this platform to be a real game-changer for
our clients and prospects.”

To learn more about Tempo, please visit www.isgn.com/Products/Tempo.htm, or
visit ISGN at its booth #825 at MBA’s National Mortgage Servicing Conference &
Expo 2013.

About ISGN

ISGN is a leading provider of mortgage technology and services. A fast-growing
company with more than 1,000 customers, including large global banks and a
majority of the top 10 lenders in the country, ISGN’s product line includes a
complete range of solutions for lenders, brokers and servicers. ISGN is funded
by the highly regarded venture firms New Enterprise Associates (NEA) and
IndoUS Venture Partners (IUVP), and by CFCL Overseas Limited, an SPV of
Chambal Fertilisers and Chemicals Limited, a KK Birla company. Based in
Melbourne, Fla., ISGN now employs more than 1,000 people across six domestic
centers and two international facilities. For more information, visit
www.ISGN.com.

Contact:

ISGN
Lauren Schuster, 678-781-7209
 
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