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Wipro Gallagher Launches Loan Origination iPad App

The lending solutions company has announced the release of its newest product, Enterprise Mobile Origination.

Franklin, Tenn.-based Wipro Gallagher Solutions, a provider of end-to-end lending solutions, has introduced an iPad app designed to aid financial institutions with their loan origination processes. The app, called Enterprise Mobile Origination,was created to enable sales teams in the field to run and originate new loans of all types.

According to Wipro Gallagher, the application integrates with any loan origination system, including the company's NetOxygen LOS, and provides "all the tools to keep sales informed and connected to the customer." The application monitors leads and manages all associated contacts through the entire lending process. Additionally, said the company, it maintains lead status, follows up on additional requirements, and requests credit and AVM results while creating a lead. Its alert and notification system monitors borrower activity via iPad push notifications for the duration of the lead throughout the entire lending lifecycle.

According to the company, the app positions loan originators as consultants to their customers by utilizing its mapping and house price index, designed to offer support to borrowers based on the ability to map their property of choice and compare real estate opportunities in the geographical area. The app also features built-in calculators that compare items, including fixed rate versus variable rate products, loan terms and payments while in the field with a borrower and engages leads with graphical representations of their buying power.

"Tablets are shifting the way business is conducted for the entire lending lifecycle, yielding a net effect of improved customer service and satisfaction," said Narayan Bharadwaj, business head for WGS, in a prepared statement. "We already offer NetOxygen on the cloud and the extension of our solution to a mobile device further strengthens our value proposition in line with our overall strategy to provide multi-channel, product-agnostic enterprise lending solutions to make the lending process as convenient as possible for borrowers."

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

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