Wipro Gallagher Solutions (WGS) has debuted NetOxygenZip, a preconfigured version of its NetOxygen loan origination system that ‘simplifies lending and speeds time to market,’ the company says.
WGS notes that NetOxygenZip allows lenders of all sizes to gain access to a scalable, robust system using a ‘fraction of the time, money and resources traditionally required.’ The system not only allows lenders to originate loans immediately after installation, but its flexibility and intuitive user interface enable lenders to easily refine components later based on unique business needs.
‘Many lenders are looking for a more powerful and compliant LOS but are reluctant to switch systems in fear of a sluggish deployment. Lenders need not compromise anymore between a solution that is both robust and can be implemented rapidly,’ says Narayan Bharadwaj, business head and general manager at WGS. ‘With NetOxygenZip, lenders get a flexible LOS that deploys quickly and simplifies lending.’
The system comes equipped with features and functions central to most lending operations, including data, tools, reports, service provider integrations, documents and integrated imaging functionality. The system's workflow is pre-configured based on industry best practices, and its built-in products, pricing, fees, adjustments and conditions for the most common loan products enables users to update and maintain system functionality without IT intervention.
Additionally, NetOxygenZip seamlessly integrates with external service providers to ensure single-system access to borrower, property and loan data, and its full document imaging capabilities support paperless lending.