IndiSoft Appoints Industry Veteran as COO

""IndiSoft LLC,"":http://www.indisoft.us/ a Columbia, Maryland-based technology firm that focuses on systems for the default services industry, has named industry veteran Karun Khanna as COO.

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In his new position, Khanna will plan and direct all aspects of IndiSoft's business objectives, operational policies, and initiatives. He will spearhead the company's development of its platform to ensure growth, while also determining and achieving short- and long-term financial and operational goals.

""The mortgage industry needs a more effective process to address default management,"" Khanna said. ""IndiSoft has created a flexible and scalable platform for all the parties involved in the process to manage their workload and communicate with one another. The next step is to determine how we can better capitalize on that success and truly transform the operating paradigm.""

With more than 25 years' experience in the mortgage industry, Khanna brings a wealth of management expertise in strategy, operations, and technology to his position at IndiSoft. Most recently, he provided strategic advisory services to technology clients focusing on growing market share in loan origination, product eligibility/pricing, and default services. He also previously held senior management positions with ALLTEL Information Services, First Guaranty Mortgage, and SystemLogic, Inc.

Khanna began his career in financial services as VP at Citicorp Mortgage, where he led the development and deployment of one of the first point-of-sale systems in the industry. He subsequently led centralized mortgage originations for Travelers Mortgage and was one of the earliest adopters of automated underwriting in order to create process efficiencies at U.S. Bancorp Mortgage. Additionally, Khanna was previously director of technology marketing at Fannie Mae.

""[Khanna] has worked with some of the largest institutions in the financial industry, and we are confident he will play a pivotal role in helping IndiSoft grow its market share among servicers, secondary market investors, and mortgage insurance providers,"" said Sanjeev Dahiwadkar, CEO and president of IndiSoft. ""Having [Khanna] join IndiSoft at this time will propel our company and its offering to the next level.""