Nexstar Touts Customized Outsourcing

Nexstar Financial, St. Louis, has announced the introduction of NexChoice, which it says brings a new level of client customization to business process outsourcing in the mortgage industry.The company said the program provides banks and other financial services institutions with options for retaining or outsourcing specific components of the mortgage process, such as: borrower acquisition; Internet origination; loan processing and underwriting; risk management; and post-closing and investor delivery. "We are finding that many lenders are looking for ways to move fixed costs to variable ones, improve the economics of their mortgage lending function, and mitigate risk," said Helen Garrity, executive vice president of Nexstar. "Our NexChoice program provides flexible solutions for all of these objectives and enables lenders to take advantage of our outsourcing capabilities while retaining activities they feel are their strengths."