Genpact Launches Quantum Mortgage Operating System
Genpact Limited has announced the release of the Quantum Mortgage Operation System (MOS) to help mortgage originators and lenders automate and streamline major elements of the loan origination process, resulting in shorter loan origination cycle times and a more transparent mortgage process. The platform’s use of data eliminates the silos between origination, closing and secondary marketing, enabling lenders to work on each loan file simultaneously. Quantum’s software platform combines automated decisioning and highly efficient processing with its data-centric approach, resulting in the effective use of data for more accurate underwriting. It also features automated quality checking which increases the pull through and lowers loan repurchase rates. Since all the data is accessible from the application onward, the platform reduces the risk to lenders and investors. “Quantum MOS is a truly customizable lending solution, offering functionality as a comprehensive platform with the ability to scale services to fit the specific needs of the lender, all while lowering costs and significantly reducing manual work and risk,” said Roger Hull, vice president of technology for Genpact Mortgage Services.