Dynatek joins MortgageHub family of companiesMortgagePress.comcapital backing, additional software products, consulting services
Dynatek has announced its
acquisition by ISGN Technologies
Ltd., the parent company of MortgageHub. By joining
forces with MortgageHub, Dynatek will now have access to the
capital backing, additional software products, consulting services
and other assets within the MortgageHub family of products and
services, thereby adding additional value to the growing mid-market
segment.
"Joining the MortgageHub family will strengthen our position in
the marketplace and will bring additional products and services to
our customers," said Todd Luhtanen, CMT, president of Dynatek. "The
combined enterprise provides an end-to-end suite of mortgage
solutions to address the needs of mid-size, large and mega lenders.
Few providers have the domain expertise and customer base that our
combined family can now offer."
The combined product and service suite of MortgageHub and
Dynatek now spans the entire mortgage value chain, including point
of sale; product, pricing and underwriting decisioning; loan
origination systems; servicing and default management; construction
lending; and third-party vendor management networks. MortgageHub's
Partner Network, combined with Dynatek's Plug-In Partner Network,
will number more than 900 partners.
"Dynatek's MORvision and Titanium products will be a great
addition to the combined entity," said Jack D. Luhtanen, CEO of
Dynatek, "With more products and services available to our
customers, Dynatek and MortgageHub will be able to offer a total
lending solution to every segment of the mortgage industry."
Dynatek will continue to operate under its own name out of its
Livonia, Mich. offices and is currently developing expansion plans
for further penetration into the marketplace. All current Dynatek
employees will be retained, and additional personnel are being
recruited. Dynatek customers will experience no disruption to their
current services and agreements.
"While this partnership makes Dynatek even better positioned to
meet the customer's future needs in the rapidly changing mortgage
industry, our focus will continue to be on providing superior
service to our customers and delivering the latest technologies and
service offerings to the industry," said Todd Luhtanen.
For more information, visit www.dynatek.com.
