The Next Generation
of Origination Services
Wipro Gallagher Solutions offers an end-to-end mortgage loan origination solution utilizing optimized business processes and best-in-class NetOxygen technology.
Origination Services
With our extensive variety of origination services, we can establish a transformation roadmap based on a review of your current platform and operations and build a plan to deliver it seamlessly, reducing your total costs by 30% or more.
NetOxygen
WGS automates the loan-origination and vendor-management process across multiple loan product types via NetOxygen, our web-based loan origination solution. NetOxygen allows lenders to improve efficiencies via dynamic workflow routing and rule-driven, streamlined business processes. NetOxygen was designed to handle all aspects of the lending process for all channels and loan types using a component-based, end-to-end system. WGS also provides an off-the-shelf solution that can be tailored to meet challenges that arise in an ever-changing industry.
NetOxygen Cirrus
With NetOxygen, you can choose from multiple solution models on a variable-cost platform. You can even choose to implement it as a hosted solution, minimizing the overhead of integrating a new solution. Built on the same proven, scalable NetOxygen components lenders have used for years, WGS introduces NetOxygen Cirrus - a fully hosted, fully managed solution that is available at a fraction of the cost.
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Wipro Gallagher Solutions
Wipro Gallagher Solutions designs, develops, and markets advanced systems targeted towards the mid-tier and large residential and consumer lending organizations. Its Internet-based open architecture technology is compatible with multiple hardware and software platforms and its customization abilities, scalability, and use of open standards differentiates it from competing products.
Wipro Gallagher Solutions recognizes that it must provide the profits necessary to prosper and grow in order to continue operations and meet corporate objectives. Management is committed to ensuring that customers derive value as represented by profit through use of its products and services. Company employees meet these objectives within a professional environment of equality, trust, and collaboration. Wipro Gallagher Solutions is a differentiated technology leader that allows its customers to achieve financial objectives in complex B2B e-commerce projects.
Wipro Gallagher Solutions, formerly Gallagher Financial Systems, was acquired by Wipro Technologies in July, 2008. Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development, and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services company globally. Wipro’s IT Services business was assessed at Level 5 for CMMI V 1.2 across Offshore and Onsite development centers.
Wipro Gallagher Solutions:
- Our mission is to provide our clients with the tools needed to excel in service and support of their customers.
- People are our product; we have more than 150 employees as of May, 2006.
- We have been in operation since 1985.
- Our departments include Research & Development, Implementation, Support, Communications, Training, Performance Testing, Quality Assurance, Forms & Compliance, Project Management, Database Administration, and Network/Technical Support.
WGS Products
For over a decade, Gallagher Financial Systems, Inc., now Wipro Gallagher Solutions, has set the pace for new technology in the lending industry. Gallagher´s products have evolved with the technology and banking industries, keeping up with or setting the trends in both. We give lenders the power to accommodate new ways of doing business and new ways of thinking.
Whether you´re seeking an e-commerce portal, a complete loan-origination system, or interfaces to customers and third parties, we will keep you ahead of the competition with cutting-edge software and technology. Our products provide the complete loan-origination solution for your organization.
The Power of Our Product
- Adapts to your business model
- Supports all lending scenarios and products
- Supports the creation of auto-tasks triggered by events in the workflow
- Offers browser-based service-oriented architecture (SOA)
- Leverages existing components to provide a quicker return on investment (ROI)
- Allows easy screen design using drag-and-drop interface
- Scalable both vertically and horizontally
- Provides pipeline management and user-defined dynamic workflows
- Offers robust security configured through group/user hierarchy
- Features quality control starting at point-of-sale through post-closing
- Provides exceptional customer service from anywhere through the use of a single view of data across the enterprise
Interfaces, Documents, and Reporting
- Interfaces to credit agencies, flood providers, appraisal services, and servicing systems
- Provides seamless DU/LP AUS interfaces
- Exports in standard formats to MORNET, MIDANET, and GINNIENET
- Supports XML, Socket, HTTPS, and FTP interface capabilities
- Supports VMP, Crystal Reports, and Gallagher documents
- Allows iterative saving of documents as Adobe® Portable Document Format (PDF) files for secure viewing, emailing, and faxing
- Supports document packages and document tracking
- Offers HMDA, 1098/1099 reporting
- Features automated Section 32/HOEPA Loan Checks
- Includes built-in compliance for MISMO formats and standards as they are developed
- Provides scenario analysis using the automated rules engine
- Manages all third-party relationships (brokers, appraisers, correspondents, etc.)
Technical Information
- Chosen standards include Oracle or SQL Server, XML, SOAP, and .NET
- Deploys efficiently over low-bandwidth, high-latency connections
- Supports open architecture (ODBC)
- Supports 128-bit SSL encryption
- Artificial intelligence behind each field validates data and monitors quality control
- Offers Smart Data characteristics
- Provides embedded rules engine for creating your business rules and controlling all functions of the system
- Supports Internet, VPN, and dial-up access
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