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Foreclosure activity dips one percent in April

National Mortgage Professional
Aug 22, 2007

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.
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