Wipro Gallagher Solutions (WGS)
has announced the release of the latest version of its Loan Origination System (LOS), NetOxygen v6.0. The new version features an all-new, intuitive user interface (UI), an in-built operations dashboard, an integration with Business Intelligence (BI) and Reporting Engine, additions to the application program interface (API) library and a number of process automation features. With these key updates, NetOxygen v6.0 offers more control to lenders and enables them to build a tailored and streamlined digital experience.
The NetOxygen v6.0 UI offers its users a more enriching user experience, designed to streamline operations and improve personnel productivity. NetOxygen v6.0 also offers a Web-based dashboard, designed to provide updates, at-a-glance about a pipeline and loan’s status for all personnel. The dashboard offers users customizable widgets and display features for greater control and more efficient originations.
The latest version supports the goal to introduce newer automation features with every release to minimize manual work and move the lending process forward, faster. These features shorten the overall loan approval process by ensuring that work is triggered automatically and instantly resolved in workflow.
NetOxygen v6.0 introduces its latest business intelligence feature by offering an integration with a BI engine that allows users to create or tailor reports, and an easy-to-use collaboration service that allows lenders and settlement agents to securely share, validate, and collaborate on loan documents.
Additionally, NetOxygen v6.0 is designed to support Fannie Mae and Freddie Mac’s updates to the Uniform Residential Loan Application (URLA) and the Uniform Loan Application Dataset (ULAD), while the loan import functionality has been updated to accommodate the MISMO 3.4.0 loan XML.