Improvements and updates have been made to several loan origination systems, while other mortgage service providers’ wares have been integrated into various systems. Some LOS providers have landed new clients.
A software-as-a-service version of NetOxygen was announced Monday by Wipro Gallagher Solutions. Pricing is per transaction, and the LOS supports retail, wholesale and correspondent originations.
NetOxygen SaaS reportedly enables quicker deployment and scalability to match business growth. Product coverage also includes home-equity loans and home-equity lines of credit.
Source: Mortgage Daily