Wipro Gallagher Solutions' (WGS) NetOxygen LOS now integrates with Xerox Mortgage Services' BlitzDocs solution.
This integration will provide lenders with improved communications and enhanced document imaging, WGS claims.
NetOxygen LOS seamlessly integrates with BlitzDocs' electronic loan folder (eFolder). With BlitzDocs' advanced security settings, lenders, due diligence providers, mortgage insurance companies and others can securely collaborate on the same documents throughout the entire loan process.
By way of this integration, a BlitzDocs eFolder is automatically created, with files displayed in the lender's defined view and mapped to WGS' naming standards to ensure compatibility with underwriting capabilities. BlitzDocs also supports one-click delivery to more than 25 investors, electronically shipping closed loan folders in the investors' predefined stacking orders, the company states in a press release.
"Combining WGS' NetOxygen with BlitzDocs provides lenders with a comprehensive, best-of-breed product that greatly simplifies the loan origination process," says Ken Marlin, general manager and vice president of Xerox Mortgage Services.
Narayan Bharadwaj, business head and general manager at Wipro Gallagher Solutions, says the integration gives lenders ‘increased flexibility and better workflow management to complete the origination of new loans more effectively.’
‘No two lenders are alike, and this integration ensures that, no matter the situation, the combined functionality of these products will meet any lender's specific needs,’ Bharadwaj says.
WGS, a Wipro Technologies' company, offers end-to-end technology products and services for mortgage, consumer and commercial lenders. In addition to its flagship NetOxygen LOS and mobile lending technologies, the company also provides loan fulfillment services, lending analytics and consulting.