Wipro Gallagher Solutions and Veri-Tax Partner to Streamline Verification Solutions

Feb 01, 2017

Wipro Gallagher Solutions (WGS) has announced a partnership with Veri-Tax LLC to streamline verification solutions

Wipro Gallagher Solutions (WGS) has announced a partnership with Veri-Tax LLC to streamline verification solutions. WGS is a part of a Wipro Limited, a global information technology, consulting and business process services company. The partnership between WGS, the provider of the NetOxygen Loan Origination System (LOS), and Veri-Tax will help lenders mitigate identity fraud, accelerate processing, and improve the customer’s experience seamlessly and electronically.

By integrating with Veri-Tax solutions, NetOxygen users can accelerate 4506T (Request for Transcript of Tax Return) turnaround time by enabling and automating secure form processing with the Internal Revenue Service (IRS). The interface also accesses and verifies a borrower’s Social Security Number (SSN), mitigating fraud risk. Using Veri-Tax, NetOxygen users may also order unbiased third-party Verification of Employment (VoE) at the click of a button, eliminating the need for the lender to manually contact the employer.

“We are excited to add Veri-Tax to our extensive ecosystem of industry, technology and service providers,” said Alok Bansal, general manager and head of Wipro Gallagher Solutions. “The Veri-Tax solution complements NetOxygen by offering access to electronic sources for verifications and improves upon clients’ underwriting quality and loan processing timelines.”

Nick Lim, chief executive officer of Veri-Tax, said, “Our verification services enhance the overall user and workflow experience in combination with the industry leading functionality of the NetOxygen LOS, providing an automated way to reduce fraud and remain compliant. This reflects our relentless desire to help our clients improve their business and make our solutions accessible to more clients.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Feb 01, 2017

Analysis and Data

Homeowners Insurance A Growing Concern in Florida and California

Majority of Fla. and Calif. survey respondents have been affected by insurance woes or live in an area that has, Redfin says

Insurance is at the top of mind for homebuyers and homeowners in Florida and California, which have become epicenters of the nationwide housing insurance crisis. Rising homeowners insurance premiums and changes in coverage are so commonplace now that nearly three-quarter...

Analysis and Data

California Home Sales Decline In March, Despite Increased Listings

The California Association of Realtors reports that the median home price rose 7.7% year-over-year.

After just last month announcing the resiliency of California home sales in February despite rising interest rates, figures released today by the California Association of Realtors (CAR) show sales volume in the state slipped in March as median home prices hit a seven-month ...