Franklin, Tennessee – March 13, 2019:
Wipro Gallagher Solutions (WGS), a Wipro Limited company and a leading provider of loan origination software solutions, today 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.
“Our latest release, NetOxygen v6.0 is designed to elevate the overall user experience by offering lenders more control through an intuitive user interface, all while creating a more intelligent and automated platform” said Alok Bansal, Vice President and Head, Wipro Gallagher Solutions, Wipro Limited. “As lenders continue to focus on efficiency and productivity, we continually evolve our software to solve the issues most important to them, through constant innovation.”
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.
About Wipro Gallagher Solutions
Wipro Gallagher Solutions’ NetOxygen is fueling the future lender with its truly digital loan origination solution. With NetOxygen, lenders can leverage a workflow driven, multi-asset, multi-channel, flexible, best in class POS to closing solution, with unparalleled borrower and colleague experience. Wipro Gallagher Solutions provides retail, wholesale, correspondent, and consumer lenders with a powerful origination platform that drives profitable lending anytime, anywhere. Wipro Gallagher Solutions is a Wipro Limited company. For more information please visit www.wipro.com/gallagher
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting, and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics, and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability, and good corporate citizenship, we have over 170,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.