CFCL Technologies Limited

With the aim to enter the sunrise sector of Software Technology, Chambal Fertilisers set up the India Software Group (ISG) in 1998 as its software arm. In an attempt to further expand in the overseas market the company soon acquired Novasoft Information Technology Corporation; A New Jersey, USA based company, along with its subsidiaries.

After a decade in the business and years of experience in product development and applications maintenance, the combined entity - ISGN, decided to focus on providing technology solutions to the 3 trillion Dollar US mortgage market to capitalize on its strengths.

The acquisition of Mortgage Hub Inc, a US based pioneer of web-based IT solutions and services, enabled ISGN's plans of restructuring the mortgage industry. With a host of services and a clientele consisting of some of the largest lending organizations in the US, Mortgage Hub added greatly to the range of services on offer.

A further expansion occurred with ISGN's acquisition of the mortgage software division of the Fair Issac Corporation, a leading US based enterprise decision management solutions provider for global businesses and Dynatek a US based provider of mortgage automation software for retail and wholesale lenders.

Today, ISGN is one of the most diverse and experienced providers of mortgage technology and services. Its industry leading solutions support the entire spectrum of the loan life cycle, from origination to settlement services, to support on core servicing, loss mitigation and home retention services. With the acquisition of Fiserv's Fulfillment Services business, ISGN has expanded to 15 locations in the US, and 3 global centers. With 1500 employees supporting more than 1000 customers, ISGN delivers business impact to various lending institutions that include large global financial institutions, neighborhood banks, credit unions, and national lenders.

ISGN has a market reputation of quality and an un-wavered focus on the mortgage industry. It has, since, 2005 laid foundations and emerged a formidable transformational leader that can help lenders create business impact, exceptional quality, innovative solutions, flexibility in engagement models and a comprehensive suite of mortgage products and services. ISGN's un-paralleled value proposition is based on: