Genpact Integrates Compliance Platform into Quantum Mortgage Operating System
18.05.12
, A global leader in business process and technology management, has integrated QuestSoft's Compliance EAGLE into its Quantum Mortgage Operating System (MOS) to help originators and lenders automate and streamline compliance reviews during the loan origination process.
The integration with Compliance EAGLE will enable Genpact's Quantum users with the ability to check compliance and run reports throughout the loan process. QuestSoft not only provides compliance checks on national, state and local laws but also supports investor compliance guidelines. The software is fully integrated with Genpact's Quantum MOS, which reduces errors and improves accuracy, providing lenders a faster and lower cost option to ensuring successful loan origination and compliance.
"It is extremely difficult for lenders to keep up with every new regulation and law being passed at the federal and state levels," said Leonard Ryan, president of QuestSoft. "Integrating Compliance EAGLE into Quantum ensures that Genpact users are always in compliance with the newest regulations. Quantum's transparent data-focused software platform ensures that originators, closers and secondary marketers can all monitor the compliance status of the loan from the initial application through closing.
Source: MarketWatch (press release)
Genpact Launches Quantum Mortgage Operating System
18.05.12
, A global leader in business process and technology management, today announced the release of the Quantum Mortgage Operation System (MOS) to help mortgage originators and lenders automate and streamline major elements of the loan origination process, resulting in shorter loan origination cycle times and a more transparent mortgage process.
The platform's use of data eliminates the silos between origination, closing and secondary marketing, enabling lenders to work on each loan file simultaneously. Quantum's software platform combines automated decisioning and highly efficient processing with its data-centric approach, resulting in the effective use of data for more accurate underwriting. It also features automated quality checking which increases the pull through and lowers loan repurchase rates. Since all the data is accessible from the application onward, the platform reduces the risk to lenders and investors.
This Mortgage Operations System is integral to Genpact's Mortgage Business Process as a Service offering, which combines Genpact's granular business process services, data analytics and mortgage domain expertise with the Quantum technology. Lenders can implement this as an end-to-end platform or select only the necessary components needed to create efficiencies. The combination of technology and services through the Software as a Service (SaaS) model allows lenders to scale as needed, resulting in improved and consistent profitability.
Source: MarketWatch (press release)