Firstsource Group USA to Acquire BPO Unit from ISGN Corp.

Firstsource Group USA has agreed to buy the business process outsourcing subsidiary of ISGN Corp.

Financial terms were not disclosed. The deal is expected to close in the next four months, according to a news release.

Firstsource, a unit of the Indian firm RP-Sanjiv Goenka Group, will acquire ISGN's outsourced mortgage origination and mortgage servicing business, its title and settlement services business, and its valuation business.

ISGN, in Palm Bay, Fla., will retain its mortgage technology product portfolio, including LoanDynamix, a loan servicing system, and Tempo, a default management system.

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Servicing Mortgage defaults Mortgage technology Outsourcing Servicing systems
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