ISGN Finalizes Purchase Of Fiserv’s Loan Fulfillment Services

ISGN Solutions Inc. has completed its previously announced acquisition of the Loan Fulfillment Services business from Fiserv Inc. The acquisition will add broker price opinions, closing and settlement services, valuation services, flood and title certification, home retention and loan modification solutions, and vendor management solutions to ISGN's portfolio of products and services.

The new combined entity will operate under the ISGN name and employ more than 1,700 associates across 15 domestic locations and three international facilities. With the acquisition, ISGN adds more than 400 Fiserv lender and broker customers to its existing client base of more than 600 institutions.

Most of the management team members from the Fiserv business will be joining ISGN. Lee Howlett, who was president of the fulfillment services business, will head the servicing practice.

ISGN is funded by growth equity firm NEA Partners and by the KK Birla Group, a major conglomerate, and is a subsidiary of ISGN Corp., which is owned by CFCL Technologies Ltd.

SOURCE: ISGN

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