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Wipro Gallagher Solutions Announces Partnership With Mortech Inc.

Nov 09, 2010

Wipro Gallagher Solutions (WGS), a provider of cost-effective, end-to-end loan origination technology and fulfillment services for mortgage lenders, has announced an integrated joint offering with Mortech Inc., a mortgage technology software company specializing in daily pricing, product decisioning and lead management solutions for secondary marketing teams and mortgage bankers. The collaborative effort offers users of WGS’ loan origination system (LOS), NetOxygen, to access Mortech’s Marksman loan product and pricing engine and compare real-time pricing quotes from multiple investors for any type of loan program within seconds. The Marksman-NetOxygen joint offering increases conversion rates throughout the sales cycle and optimizes the loan closing process for originators and secondary desks. “Our partnership with WGS offers a dynamic solution for efficiently originating and closing loans,” said Don Kracl, president of Mortech. “The interface combines the best features of both NetOxygen and our Marksman loan product and pricing engine, reducing the time and resources many lenders and secondary desks currently devote towards the processing of loans in their pipeline. We’re confident this synergistic collaboration will promote a unique and efficient work-flow process for the mortgage community.” The new integration will allow users to perform various lender tasks more effectively, such as instant rate searching and re-pricing, viewing detailed pricing summaries, accessing product guidelines and gaining product eligibility intelligence. Data is transmitted seamlessly between the two solutions through an exclusive bi-directional process. NetOxygen can be enhanced so that customers can trigger price requests to their Marksman account based off of a particular loan status. Marksman then transmits critical data back to NetOxygen. The free flow of data exchange allows for an end-to-end loan closing experience. “By adding the Marksman interface to its already robust vendor ecosystem, WGS has enhanced the overall loan closing process by providing lenders the opportunity to access all loan rates across all channels through a single at-a-glance portal,” said Anil Raibagi, business head for WGS. “By eliminating such time-consuming search processes associated with pricing rates and product guidelines, NetOxygen provides greater workflow automation and helps lenders to focus more on their lending and closing deals.” For more information, visit www.gogallagher.com or www.mortech-inc.com.
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