Genpact Limited has released its next generation of applications from its Quantum technology platform for loan origination processing meant to optimize mortgage workflow, mitigate compliance risk, reduce total costs for lenders and improve cycle time.
By expanding the Genpact Quantum mortgage origination technology suite, the Quantum LOS consists of applications that automate sales, processing services, underwriting services, closing services, secondary reporting and closed loan delivery functions during the mortgage origination process.
In addition to the LOS applications, the Quantum mortgage technology suite now also features a mortgage operating system that includes applications that streamline mortgage process workflow, document content management, as well as provide quality control for the electronic loan file.
Quantum is made up of a number of applications that can be deployed as a standalone, software-as-a-service solution or as a comprehensive, end-to-end business process as a service LOS solution. The software is available for prospective clients in a SaaS delivery model at a variable, transaction-based price.
“One of the system’s key differentiators is that lenders who do not need every piece of the LOS replaced can select only those applications needed to overcome obstacles in their existing workflow,” said Matt Woods, president of Genpact Mortgage Services.
“Quantum provides a much more intelligent and flexible mortgage loan origination process.”
