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ISGN Corporation has announced that long-time strategic partner Fiserv Inc. has fully integrated ISGN’s Tempo default servicing platform within its LoanServ loan servicing platform. Tempo is now the preferred default platform for mortgages supported on LoanServ from Fiserv. ISGN’s Tempo is an end-to-end, Software-as-a-Service (SaaS)-based default management platform and system of record that helps servicers, attorneys and vendors manage and track the default lifecycle from the collection/early intervention stage all the way through to liquidation, including bankruptcy and foreclosure attorney processes. The integration of Tempo will enhance the LoanServ platform’s loss mitigation capabilities to meet the needs of today’s servicers, as well as position servicers for the emerging market.
"Our goal was to expand the capabilities of LoanServ to specifically help clients manage portfolios of defaulted real estate loans, and Tempo is the most sophisticated default servicing platform available in the marketplace today," said Joe Dombrowski, director of product management, Lending Solutions at Fiserv. "With this integration, Fiserv clients can continue to improve efficiencies and mitigate compliance risks surrounding the complex default management process, enabling them to stay focused on their institutions’ future growth."
"This partnership reflects our insight into the needs of mortgage servicers and our expertise in delivering solutions to meet those requirements," said Anne Politis, EVP at ISGN. "ISGN and Fiserv have enjoyed a close, strategic alliance for several years, so this is a natural extension of that relationship."
"ISGN’s expanded partnership with Fiserv enables customers who use both Tempo and LoanServ to achieve unprecedented levels of efficiency and compliance while managing their defaulted loan portfolio," said Erik Anderson, president of Sales for ISGN. "We frequently hear from servicers who are hungry for a new technology solution that is scalable, predicable, cost-effective and easy to use. We believe this is a big step in that direction."