Document Processing Solutions (DPS), Inc. and SPL. Inc. merged, forming a one-stop source for managing, recording and delivering documents for the mortgage industry, the companies announced.
The new entity is called SYNRGO, has 21 offices nationwide and about 400 employees.
Founded in 1991, SPL was a full-service document recording and logistics company that provided nationwide real estate document recording services. DPS has serviced title insurance, mortgage and real estate customers with recording services since 2001.
“SYNRGO has taken the integrated team that has resulted from this combination and is focusing on enhanced capabilities through new customer service offerings, end-to-end tracking capabilities, new enhanced billing, plus moving to virtualized servers that provide improved performance, security and reliability,” according to a release announcing the formation of the new company.
“Most importantly, SYNRGO will be offering additional compliance capabilities to assure clients that the services are performed on time and correctly,” the release stated.
The new company will be based in California, and industry pioneer Karl Klessig will be SYNRGO’s CEO. Klessig was CEO of Ingeo Systems, Inc. for 11 years until it was acquired by Corporation Services Company in 2013.