The power of an enterprise class loan origination solution to the lender ‘on demand’, via the SaaS model
Are you struggling with disparate Loan Origination Systems to manage different loan types? Modern financial institutions are creating increasingly sophisticated loan products catering to personal, housing, education, auto, payday, small business needs, etc.
Modern banks are creating increasingly sophisticated loan products catering to personal, housing, education, auto, payday, small business needs, etc. But can banks afford to continue with the practice of using multiple Loan Origination Systems (LOSs) to manage their complex needs? Not any longer.
Borrowers and lenders are seeing a very niche value proposition with a new category of technology providers who offer both POS and LOS solutions. These technology providers create an alternative to a stand-alone POS platform, and Wipro Gallagher Solutions caters to this demand, with its own POS platform, NetOxygen Launchpad. A combined POS and LOS solution can help lenders whose top priority is to have a single version of truth (to the borrower and the loan officer), while being able to limit the number of vendors they manage. To know more, listen to this episode of Digital Mortgage Simplified podcast series, by Sandeep Hinduja [Head of Sales, Wipro Gallagher Solutions].
Wipro Gallagher Solutions (WGS), a Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) company and a leading provider of loan origination software solutions, today announced that NetOxygen LOS is fully compliant as per URLA requirements and is ready for the Start of Required Use. With application screens created to meet URLA requirements and automation to ease user experience, the NetOxygen Launchpad and LOS will keep lenders compliant while simplifying the user experience.