ISGN Corp. has introduced LoanGPS, a mortgage processing engine and workflow tool designed to enhance the company's processing of outsourced mortgages for third parties.
LoanGPS uses proprietary technologies such as LoanNavigator, LoanPath and iQueue to capture and analyze real-time data from borrowers, loan processors, underwriters and vendors, ISGN explains. The system automatically assigns tasks according to the customizable workflow configuration and tracks loans through the processing steps.
‘LoanGPS creates a collaborative and transparent loan processing transaction that increases pull-through rates for lenders and speeds up loan cycle times, thus increasing borrower satisfaction,’ says Krishna Srinivason, vice chairman and CEO of ISGN.
