Wipro Gallagher Solutions 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 subservicing and vendor management tasks.
The new offering from Franklin, Tenn.-based WGS 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 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, in a press release.
“This new platform also provides our services on a variable pricing structure, enabling clients to gain the maximum skill sets.”
