As borrowers continue struggling to make their monthly mortgage payments, lenders and servicers face the difficult challenge of preserving home ownership, while minimizing losses for investors. The NetOxygen Loan Modification platform, developed by Wipro Gallagher Solutions (WGS), provides a systematic, streamlined approach to payment restructuring that increases home affordability and improves investor returns.

Delivered as a service, this solution contains robust functionality that automates all loan modification scenarios from portfolio programs to standard federal guidelines, such as Home Affordable Modification (HAM) and FDIC programs. As with all WGS product offerings, the system can also be tailored to accommodate any alternative customer programs.

By leveraging the best-of-breed modules, features, and functions from the flagship LOS product, NetOxygen, WGS has created a highly intelligent solution that guides you through all aspects of the loan modification process, from the initial servicing upload to investor reporting. User-friendly screens, target segmentation, ready-made workflows, automated eligibility checks, document management, default values, and agency rules are all delivered as part of the service.

Features

• Automated Servicing Upload
• Loan Analyzer
• Embedded Configurable NPV Test with Cash Flows
• HAMP Waterfall with Target Percentage Overrides
• Intuitive Worksheets to Capture Income/Assets/Debt
• Earned Incentives Screen
• Fannie Mae Reporting
• HAMP Document Generation and Tracking
• Trial Period Calculations
• Escrow Shortfall Screen
• Payment Collection and Reconciliation
• Seamless Third-Party Interfaces
• Completely Web-Based
• Self-Service Portal

For more information, visit the WGS Web site at www.gogallagher.com