Quality Mortgage Services Opens Offshore Subsidiary

Mortgage banking and compliance services provider Quality Mortgage Services of Brentwood, Tenn., has launched an offshore subsidiary that specializes in knowledge and business processes outsourcing for lenders and servicers.

Headquartered in Kochi, India, QMiS Systems is a privately held, U.S.-owned foreign subsidiary that provides appraisal management technology support that allows mortgage banks to work directly with underwriters and appraisers from the front office.

According to QMiS Systems chief operating officer Tommy Duncan, more companies find outsourcing time and cost efficient especially as the mortgage banking industry deals with reduced production volumes.”

The new firm aims to provide solutions enable users to change processes and technology as they change their business infrastructure, he said.

QMiS offshore teams will provide performance assessment report cards based on direct communication with mortgage bankers. Lenders and servicers can use the QMiS Systems mortgage data tracking system to customize metrics and parameters to fit their business project needs.