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Wipro Gallagher Solutions, a provider of loan origination software solutions, announced its partnership with EXOS Technologies, a division of ServiceLink. EXOS’ platform provides tech-enabled mortgage services throughout the lending life cycle. By combining EXOS with WGS’ NetOxygen Launchpad and NetOxygen LOS systems, lenders will experience a fully integrated, end-to-end digital mortgage solution.
The addition of EXOS into Wipro Gallagher Solutions will result in increased transparency and claimed quicker turnaround times. Through touchpoints, users will be able to digitally schedule their appraisal and signing appointments, directly through the Launchpad portal. Borrowers will receive instant appointment notification in real-time, including information about their appraiser or signing agent. This process cuts out the unnecessary back-and-forth that can often add days to the timeline.
EXOS also gives lenders greater transparency in areas like title clearance and the expected clear-to-close date to help loan officers set realistic expectations with borrowers from the start. Lenders will obtain a title complexity decision in mere seconds and the vast majority of title commitments in minutes. With the launch of this partnership, lenders will no longer need to rely on multiple systems throughout the mortgage origination process.
With a constantly shifting and often volatile market, lenders must be able to keep up with the demand for shorter cycles by eliminating time-consuming pain points in the process. Depending on the property and its location, lenders using the full strength of this integration can confidently tell a client that the timeframe from application to closing may be as short as 15 or 20 days, or even sooner if no appraisal is needed.
