WNS Global Services Partners with Wells Fargo to Deliver Its Digital Loan Management Solution.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- WNS WNS Washington (DC) Numismatic Society WNS WADP Numbering System (World Association for the Development of Philately) WNS Wireless Network Security WNS Weismann-Netter Syndrome WNS Western Snow Conference Global Services (NYSE NYSE See: New York Stock Exchange : WNS), a leading offshore business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) provider, today announced a new partnership with Wells Fargo & Company (NYSE:WFC WFC Wi-Fi Connection (Nintendo gaming service) WFC Wide-Field Camera WFC World Financial Center (New York) WFC Workforce Center WFC World Federation of Chiropractic WFC World Food Council ) that will allow correspondent lenders selling loans to Wells Fargo to electronically submit the loans via WNS' digital loan management (DLM See ILM. DLM - Distributed Lock Manager on distributed VMS systems. ) platform.The announcement was made in conjunction with WNS' participation at the Mortgage Banker's Association Annual Conference in Chicago. "WNS' DLM solution draws on a unique combination of skilled people, efficient processes and innovative technology to create a platform for automating the process of loan document indexing, data extraction, loan delivery and quality assurance," said Francesco Paola, Executive Vice President for WNS' mortgage services practice. "Data from the loans and the loan file images are formatted to Wells Fargo's specifications and submitted electronically, enabling the lender to gain efficiencies in managing its warehouse lines and decreasing shipping time and costs." "Partnering with WNS enables Wells Fargo to offer correspondent lenders additional solutions that reduce costs and improve the loan delivery process, while at the same time allowing us to be more efficient," said Eric Stoddard, Executive Vice President for Correspondent Business, Wells Fargo. "WNS' DLM solution will enable our correspondent lenders to satisfy Wells Fargo's electronic loan delivery requirements in a rapid, flexible and secure manner." As part of its Financial Services practice, WNS delivers a wide range of BPO solutions and technology enabled services to the mortgage banking industry, including DLM, loan processing, underwriting, closing, post-closing, customer service capabilities, due diligence and servicing functions. The company, which in November 2005 acquired Tucson, Arizona-based Trinity Partners, Inc., delivers mortgage services to originators, servicers, mortgage investors and lender service providers. About WNS WNS is a leading provider of offshore business process outsourcing, or BPO, services. We provide comprehensive data, voice and analytical services that are underpinned by our expertise in our target industry sectors. We transfer the execution of the business processes of our clients, which are typically companies located in Europe and North America, to our delivery centers located primarily in India. We provide high quality execution of client processes, monitor these processes against multiple performance metrics, and seek to improve them on an ongoing basis. Our ADSs are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . For more information, please visit our website at www.wnsgs.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion