Intelenet, SigniaDocs to help finance sector

MUMBAI, INDIA: Intelenet Global Services Pvt Ltd, an India-based third-party BPO service provider, recently announced that it has collaborated with Signia Docs, a US based national eMortgage solutions provider, to offer an automated and scalable modification solution targeted at mortgage companies.

This outsourced solution will enable financial institutions and mortgage companies to pre-qualify distressed borrowers for the best possible loan workout program that fits within their current financial capability and substantially help mortgage institutions reduce the backlog of distress loans, said a press release.

From the initial borrower contact, to devising and recommending a viable temporary modification, to complete online submission and authorization of documents and agreements, Intelenet Global Services works closely with distressed borrowers as a seamless extension of the lender’s or servicer’s staff, the release stated.

The online solution and real time approach provided by this solution will help financial institutions to compress the currently existing lengthy and arduous loan modification process and make it a seamless and quick process, it claimed.

On this occasion, Suresh Ramani, president and COO, Intelenet Global Services said the company would provide specialized outsourcing services to Mortgage companies in collaboration with SigniaDocs.

“Through this solution, Intelenet will deliver meaningful business results to banks and financial institutions by making the entire loan workout process more effective and delivering improved financial performance,” he added.

Tim Anderson, president of SigniaDocs said, “Intelenet has the resources to help servicers address the huge backlog of distressed loans. We’re pleased to be working with them in an effort to help more homeowners stay in their homes.”