Magazine article Mortgage Banking

Wipro Gallagher Solutions Offers Loan Process Outsourcing

Magazine article Mortgage Banking

Wipro Gallagher Solutions Offers Loan Process Outsourcing

Article excerpt

Wipro Gallagher Solutions Inc. (WGS), Franklin, Tennessee, a provider of end-to-end loan origination technology and fulfillment services for mortgage lenders, has combined its fully hosted and managed origination system, NetOxygen Cirrus, with the loan processing services from Wipro into a complete end-to-end loan fulfillment and servicing platform. This new business line enables lenders to focus their efforts on generating revenue while using WGS to perform the loan fulfillment, loan sub-servicing and vendor-management tasks, according to WGS.

WGS' new offering was designed to be a part of a long-term strategic solution for mortgage lenders as opposed to a temporary way to cut costs. Among other benefits, the company said, its outsourcing platform reduces operational costs, increases speed to market, and improves customer service and the ability to quickly adjust for production peaks.

"Flexibility is the key component of the WGS solution; our customers are able to utilize WGS for complete end-to-end fulfillment or for specific functions within the loan process," said Anil Raibagi, general manager and business head at WGS. …

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