ISGN Announces New Leadership Team
ISGN Corporation has announced a new leadership team to drive the company’s growth through the creation of transformational products and services for lenders and servicers. To lead its transition from integration to growth, ISGN has brought on board the following key industry executives to manage and develop its business operations: Shailendra Gupta as chief financial officer; John Fults, head of the mortgage processing group; John Axt, senior VP of title operations and delivery; Raghavan Tiru, chief information officer; and Scott Slifer, president of sales and marketing. ISGN has also secured $30 million in new funding from its current investors—New Enterprise Associates (NEA), IndoUS Venture Partners (IUVP) and CFCL Overseas Limited, a KK Birla company—and has allocated funds for developing advanced technologies and launching Catapult, its next generation loan origination system (LOS), as part of its growth strategy. “We’re expanding our client focus and market coverage under Scott Slifer’s leadership,” said Krishna Srinivasan, chief executive officer of ISGN. “With several decades of combined experience in the mortgage industry, our talented management team is well positioned to bring to market new solutions that enable lenders to manage mortgage market fluctuations more profitably.” ISGN’s new funding will spur the growth of the company’s technology products and services, such as the recent launch of Catapult, a next generation LOS that includes mobile device functionality for access by laptop and notebook computers, smart phones and tablets. “During the past year ISGN has launched new products to support the mortgage industry around issues concerning the quality of loans and has conducted audits for lenders and servicers related to compliance and internal quality guidelines,” said Niraj Patel, group president of ISGN. “Today, with our new leadership in place, we are generating more growth opportunities and providing the next generation of technology for the mortgage industry.” Gupta has spent 17 years in the finance industry, including more than 10 years in treasury, investment banking and asset management, with extensive experience in building and establishing finance teams for global organizations, most recently as CFO of India for Ocwen Financial Corporation. Fults is a 14-year senior management veteran of Bank of America’s mortgage operations. Axt, now ISGN’s SVP of title operations and delivery, has 21 years of experience in the title insurance industry, most recently as a district manager with Stewart Title Company; Tiru, ISGN’s chief information officer, is a former head of treasury technology at AIG Inc.; and Sliferhas more than 22 years of financial services industry experience in senior executive positions with Altisource, Citibank, ABN AMRO, Freddie Mac and General Electric.