Irvine, Calif.-based Sovereign Lending Group is using mortgage technology provider ISGN Corp.'s Professional Services Group to streamline operations and improve compliance standards, according to ISGN.
ISGN's Professional Services Group assesses compliance and operational risks and provides process optimization and cost-reduction strategies to mortgage lenders.
Sovereign Lending Group partnered with ISGN last year to optimize operational efficiency and compliance management. After an on-site efficiency review, ISGN helped to develop a policy manual so the company could maintain regulatory compliance as it expanded. Further, ISGN created a quality control plan and identified compliance training needs, including developing a plan for mandatory staff training.
Sovereign Lending Group previously partnered with ISGN to support the company's day-to-day compliance needs.
‘As the mortgage industry has increased in complexity and cost pressures, the need for expert solutions has grown,’ says Paul Imura, chief marketing officer for ISGN.
‘By partnering with ISGN's Professional Services Group, Sovereign Lending Group now has access to cost-effective solutions that can yield significant ROI in critical areas, such as compliance, process improvement, technology and strategic initiatives. Not only are we helping them improve operations, but also offset profitability compression,’ Imura says.