Mortgage technology

What's KPO?

Published May 08, 2007, 2:00 p.m. EDT

1 Min Read

Boasting offshoring credentials for the mortgage industry going back to 2000, Global Realty Outsourcing, Blackheath Financial, and Zenta (formerly H-Cube) have announced that they are uniting under the Zenta brand to offer business process outsourcing and knowledge process outsourcing (KPO) services to the real estate and financial services industries.According to the announcement, the combined company has 5,000 employees in six locations across three continents, with many employees holding MBA degrees and chartered accountant certifications. In an earlier announcement, American Capital Strategies Ltd. said it invested $17 million in H-Cube LLC to support the acquisition of Blackheath Financial, which provides outsourced real estate analysis and consulting services to commercial mortgage-backed securities underwriters and investors. Zenta can be found on the Web at http://www.zenta.com.

Processing Content

For reprint and licensing requests for this article, click here.

Mortgage technology

MORE FROM NATIONAL MORTGAGE NEWS

HUD

HUD to update manufactured home definition, cut requirements

Under the proposed rule, the definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis.

By Colin McNamara
Reporter

June 12
Mortgage technology

Wither AI: don't count on an all-automated loan anytime soon

Even though the SAFE Act does not require AI loan officers licensing, other laws, as well as regulators, still look for a person to be responsible.

By Brad Finkelstein
Originations Editor

June 12
Secondary markets

Securitized market stepping up preparations for new scores

The government-related market's push has intensified efforts to draw up classic FICO comparisons or set up interim rating policies pending more data.

By Bonnie Sinnock
Capital Markets Editor

June 12
Appraisals

MISMO issues appraisal spec updates to support UAD 3.6

The changes provide standardized appraisal guidance in advance of a mandatory compliance date to a new reporting format in November this year.

By Spencer Lee
Technology Reporter

June 12
Law and legal issues

Bank sues lender for fraud for misusing warehouse facility

Provident Bank says My Mortgage used a $10 million line of credit to fund dozens of ineligible, dilapidated properties and sold them to their own employees.

By Andrew Martinez
Reporter

June 12
Law and legal issues

OneTrust Home Loans sues UWM, E Mortgage Capital

OneTrust Home Loans says its employees secretly used Floify to funnel loans to brokerage E Mortgage Capital, which were then funded by the wholesale giant.

By Andrew Martinez
Reporter

June 12

Load More