Applications for Quantum MOS released

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Genpact has released virtual correspondent and private-label origination applications for its Quantum Mortgage Operating System (MOS). The applications are leveraged with Genpact’s Mortgage Business Process as a Service offering (BPaaS), which combines the technology with Genpact’s business process services, data analytics and mortgage domain expertise. 

The virtual correspondent and private label applications combine Quantum MOS’ data-centric loan automation platform with Genpact Mortgage Services’ BPaaS offering to increase effectiveness and reduce the loan cycle time by as much as 30 per cent. The applications can be set up in either a delegated or non-delegated model, enabling users to customize the workflow to best suit the needs of each lender.  

Roger Hull, Vice-President, Genpact Mortgage Services, said, “Lenders who can push enterprise software to their correspondents while also leveraging business process services in the backoffice will be able to realize lower costs and quicker closing times. Genpact’s Quantum MOS private-label and virtual correspondent applications utilize a correspondent web portal, underwriting apps and automated quality control processes to increase accuracy, ensure compliance and improve risk transparency.” 

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