Wipro Gallagher Solutions (WGS) has announced its integration with the Xerox Mortgage Services BlitzDocs intelligent collaborative network to provide lenders with improved communications and enhanced document imaging. The partnership seamlessly integrates WGS’ NetOxygen LOS loan origination software with BlitzDocs’ electronic loan folder (eFolder). BlitzDocs advanced security settings enable all industry participants – lenders, due diligence providers, MI companies and more – to collaborate on the same documents throughout the entire loan process. NetOxygen combines this utility with its automated platform to streamline service and data management capabilities. The alliance increases productivity and security by connecting lenders with all their trading partners simultaneously, from origination to post-closing through servicing.
“Combining WGS’ NetOxygen with BlitzDocs provides lenders with a comprehensive, best-of-breed product that greatly simplifies the loan origination process,” said Ken Marlin, general manager and vice president of Xerox Mortgage Services.
Through the integration, a BlitzDocs eFolder is automatically created, with files displayed in the lender’s defined view and mapped to WGS’ naming standards to ensure compatibility with their underwriting capabilities. BlitzDocs also supports one-click delivery to more than 25 investors – electronically shipping closed loan folders in the investors’ predefined stacking orders. Supporting lenders through every step of the origination process, the integration greatly speeds loan purchase.
“The strategic partnership offers lenders increased flexibility and better workflow management to complete the origination of new loans more effectively,” said Narayan Bharadwaj, business head and general manager at Wipro Gallagher Solutions. “No two lenders are alike, and this integration ensures that, no matter the situation, the combined functionality of these products will meet any lender’s specific needs.”