Essent Guaranty And Wipro Gallagher Solutions Form Strategic Alliance - Provides web portal integration; seamless workflow for mortgage originators
RADNOR, PA and FRANKLIN, TN – November 13, 2013 — Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI), and Wipro Gallagher Solutions (WGS), a Wipro Technologies company (NYSE: WIT), and a provider of end-to-end lending solutions for financial institutions, announced today that Essent MI is now integrated through NetOxygen, WGS’s comprehensive loan origination system (LOS).
Wipro Gallagher Solutions’ NetOxygen offers an intuitive and seamless lender platform, which enables customers to access Essent Guaranty’s mortgage insurance coverage, including having the option of receiving an Essent rate quote or a commitment by completing a simple form and submitting to Essent.
“Essent’s customers benefit from Wipro Gallagher Solutions’ ability to simplify the lending process and get rapid decisions on Essent’s mortgage insurance,” said Bill Kaiser, Essent’s chief operations officer.
“WGS is committed to expanding its network of strategic partnerships to add value to the financial institutions we serve, and our integration with Essent is one such example to ensure quality insurance capabilities for our clients,” said Narayan Bhardwaj, business head at Wipro Gallagher Solutions.
Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company which, through its wholly owned subsidiary Essent Guaranty, Inc., (collectively, “Essent”) offers private mortgage insurance for single-family mortgage loans in
the United States. Essent provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners. Headquartered in Radnor, Pennsylvania, Essent Guaranty,
Inc. is licensed to write mortgage insurance in all 50 states and the District of Columbia, and is approved by Fannie Mae and Freddie Mac. Additional information regarding Essent may be found at www.essent.us and www.essentgroup.com.
About Wipro Gallagher Solutions
Wipro Gallagher Solutions (WGS), a Wipro Technologies’ company (NYSE: WIT), is a provider of end-to-end technology products and services for mortgage, consumer, and commercial lenders in the United States and abroad. WGS’ technology products include its flagship NetOxygen Loan Origination Systems (LOS) and mobile lending technologies. The company also provides loan fulfillment services, lending analytics and consulting.
Wipro Gallagher Solutions: