Wipro Gallagher Solutions (WGS), a provider of loan origination software solutions, has launched its NetOxygen SaaS loan origination tool for mortgage lenders.
NetOxygen SaaS provides comprehensive product coverage across mortgage, home equity, home equity line of credit and unsecured credit lines origination. The platform integrates an extensive vendor ecosystem that provides multiple options for standard services, such as credit, appraisals and fraud checks. NetOxygen SaaS supports retail, correspondent and wholesale markets, and it also enables niche offerings, such as construction lending.
Key features of NetOxygen SaaS include the following:
- Sophisticated workflow engine, allowing lenders to implement distinct lending policies and procedures;
- Automated underwriting for improved efficiency;
- Comprehensive pool of APIs, to enable easy integration with other applications;
- Advanced features supporting ADR and OCR capabilities; and
- Self-service tools to enable lenders to perform more tasks with ease and speed.
“NetOxygen SaaS offers an extensible and scalable platform that caters to lenders’ ever-changing business needs and provides an all-encompassing solution to improve end-to-end loan origination,” says Scott Dunn, WGS’ head of product management, strategy and compliance. “Among the platform’s many differentiators, what stands out is the ability to quickly configure business rules, products and fees, and deliver industry-leading functionality for compliance, imaging, reporting and documents generation in combination with best-in-class providers.”
Photo: Scott Dunn
