Wipro Gallagher Solutions Partners with EXOS Technologies to further simplify the Digital Mortgage Journey for customers

Wipro Gallagher Solutions (WGS), a Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) company and a leading provider of loan origination software solutions, today announced its partnership with EXOS Technologies, a division of ServiceLink. EXOS' cutting-edge platform provides techenabled mortgage services throughout the lending life cycle. By combining EXOS with WGS' NetOxygen Launchpad and NetOxygen LOS systems, lenders will experience the first-ever fully integrated, end-to-end digital mortgage solution.

The addition of EXOS into Wipro Gallagher Solutions will result in increased transparency and quicker turnaround times. Through consumer-driven touchpoints, users will be able to digitally schedule their appraisal and signing appointments for the exact date and time that is convenient for them, directly through the Launchpad portal. Borrowers will receive instant appointment notification in real-time, including information about their appraiser or signing agent. This process cuts out the unnecessary back-and-forth that can often add days to the timeline.

EXOS also gives lenders greater transparency in areas like title clearance and the expected clear-to-close date to help loan officers set clear and realistic expectations with borrowers from the start. Lenders will obtain a title complexity decision in mere seconds and the vast majority of title commitments in minutes. With the launch of this partnership, lenders will no longer need to rely on multiple systems throughout the mortgage origination process.

"Together we are creating a true digital experience focused both on the lender and the borrower," said Scott Dunn, Head of Product Management and Strategy, Wipro Gallagher Solutions. "EXOS shares our vision of creating optimum digital experiences for all involved in the origination process, and we are excited to have this strategic partnership in place."

With a constantly shifting and often volatile market, lenders must be able to keep up with the demand for shorter cycles by eliminating time-consuming pain points in the process. The WGS and EXOS integration provides a powerful solution that helps lenders respond confidently to shifting demands, while empowering them to close loans faster and improve pipeline management, helping increase customer loyalty and satisfaction. Depending on the property and its location, lenders using the full strength of this integration can confidently tell a client that the timeframe from application to closing may be as short as 15 or 20 days, or even sooner if no appraisal is needed.

"Borrowers these days are shifting their expectations. They demand streamlined, digital experiences in all aspects of their lives and financing a home is no different," said Kiran Vattem, Chief Digital and Technology Officer, EXOS. "By working with WGS, we look forward to transforming the overall consumer experience and delivering the kind of end-to-end mortgage solution that empowers lenders and their loan officers."

Shares of WIPRO LTD. was last trading in BSE at Rs.271.05 as compared to the previous close of Rs. 270.85. The total number of shares traded during the day was 1246271 in over 18244 trades.

The stock hit an intraday high of Rs. 281.5 and intraday low of 269.35. The net turnover during the day was Rs. 343605144.

Source : Equity Bulls

Keywords