Mortgage U and Indecomm share a common philosophy and dedication to clients across a wide spectrum. It is a virtuous cycle of technology and content, which will enhance Indecomm’s ability to serve our clients.
Edison, NJ (PRWEB) May 20, 2013
• Indecomm acquisition of Mortgage U expands education opportunities and total compliance support to the mortgage industry.
- New services will support the surge of new regulations redefining the mortgage business from application through servicing.
- Mortgage U Health Check enables companies to measure and monitor their policies and procedures.
Indecomm Global Services, a leader in business process outsourcing and learning solutions, has acquired the assets of Mortgage U, Inc., a recognized leader in mortgage training. The acquisition will allow Indecomm to expand its learning and mortgage training offerings as well as its total compliance support and consulting. Indecomm’s new mortgage learning services will be branded as Indecomm-Mortgage U.
“The acquisition of Mortgage U completes a process begun over two years ago when Indecomm and Mortgage U signed an alliance agreement,” said Rajan Nair, President, Financial Services, Indecomm Global Services. “Mortgage U and Indecomm share a common philosophy and dedication to clients across a wide spectrum. It is a virtuous cycle of technology and content, which will enhance Indecomm’s ability to serve our clients.”
“Joining Indecomm is an exciting opportunity for all of us at Mortgage U. The acquisition will allow us to provide better economies of scale in serving our clients,” said Alice Alvey, President and Co-Founder, Mortgage U. “In addition, combining Mortgage U’s and Indecomm’s deep regulatory knowledge and systems offer great synergies for everyone involved.”
This acquisition comes at a propitious time in the industry as the surge of new regulations is redefining the mortgage business. Indecomm’s partnership with its clients will be enriched by the products and services that Mortgage U brings to Indecomm. This includes the Mortgage U Health Check, which enables companies to measure and monitor their policies and procedures, and its state-of-the-art policy and procedure manuals, which have become industry standards.
Combining Indecomm’s proprietary Yellow Platter Learning Management System and Mortgage U’s extensive training content will provide lenders and servicers with an easily accessible source of off-the-shelf content and assessments. These courses cover all the functions within the origination channel of a lender: processing, underwriting, closing, and post-closing audits. In addition, several off-the-shelf training courses covering key areas in servicing will be provided as part of the solution suite.
“Well integrated training programs can help a client avoid feeling like they are compliance companies that try to close loans once in a while,” observed Alvey. “With Indecomm-Mortgage U, all the elements are integrated together for our clients. We will be in a position to provide compliance training to our clients, guiding them on operational implementation and effective customer service. Partnering with Indecomm will help our clients become compliant with new regulations while they improve their bottom line.”
About Indecomm Global Services
Indecomm offers consulting, outsourcing, learning, and technology solutions to our clients in the financial services, pharmaceutical and life sciences, high tech, retail, and next generation computing verticals. We combine technology platform-driven outsourcing solutions with a flexible delivery model, which make our results high impact and comprehensive. Using our solutions, clients streamline business processes, improve efficiencies, reduce costs, and raise profitability.
Indecomm’s title and settlement services platform-based solutions include title search and typing through iTitleHub™, post-closing through Dynamic Doc Hub™, eRecording through InteleDoc Direct™ and mail away recording supported by our recording website. Indecomm’s mortgage lending solutions are closely integrated with Indecomm’s learning solutions.
With over 4,000 associates worldwide, Indecomm services its clients from global delivery centers and offices in the United States, Singapore, Malaysia, Thailand, the United Kingdom, and India. For more information, visit http://www.indecomm.net Indecomm is funded by leading global venture capital funds, including WestBridge Capital Partners, Tiger Global Management Private Equity, and the International Finance Corporation, a member of the World Bank Group.
About Mortgage U, Inc.
Mortgage U, Inc. was co-founded by Jan Wetzel and Alice Alvey in 1996. Together they have built three pillars of support for the mortgage industry: education, consultation and compliance.
MU is passionate about education and is dedicated to providing up to date, clear and effective best practices for real businesses in every lesson. Our course content speaks to the how, why, when and what if scenarios that empower learners to move forward in their careers. The materials are designed as valuable reference manuals and include worksheets and checklists built from over 100 combined years of successful mortgage operations management.
MU also supports lenders in maintaining compliance with federal regulations and FHA and VA policies through our Health Check compliance reviews, nationally recognized FHA and VA Practical Guides, as well as our policy and procedure manuals. Our clients receive policy and procedures manuals customized to their way of operating and adapted to formats useful to them. For more information visit http://www.mortgage-u.com
Indecomm Global Services