October 24, 2017 3:42 AM ET

Software

Company Overview of Wipro Gallagher Solutions, Inc.

Company Overview

Wipro Gallagher Solutions, Inc. develops, markets, and supports personal computer-based stand-alone and networked software products. The company offers Gallagher Windows software and Gallagher Net Oxygen Web-enabled products. It serves mortgage brokers, banks, credit unions, and savings institutions in the United States, Australia, South America, New Zealand, and India. The company is based in Franklin, Tennessee. Wipro Gallagher Solutions, Inc. is a subsidiary of Wipro Inc.

810 Crescent Centre Drive

Suite 400

Franklin, TN 37067

United States

Phone:

615-221-7347

Key Executives for Wipro Gallagher Solutions, Inc.

Head of Operations
Head of Delivery & Operations and General Manager
Head of Product Management and Strategy, Compliance
Vice President of Mortgage Solutions & BFS - Asia Pacific & Japan
Age: 47
General Manager
Compensation as of Fiscal Year 2017.

Wipro Gallagher Solutions, Inc. Key Developments

Wipro Gallagher Solutions Leases Latest Version of Its Loan Origination System NetOxygen

Wipro Gallagher Solutions announced the release of the latest version of its Loan Origination System (LOS), NetOxygen v5.0. NetOxygen v5.0 provides users such as loan officers, processors and administrators with more simplified innovation and configuration tools to meet lenders' evolving needs and support next-gen lender transformation. In the first of a series of significant advancements designed to simplify innovation, NetOxygen v5.0 streamlines access to its Application Programming Interfaces (APIs) through the development of a Loan Gateway Service. The Loan Gateway Service enables direct data sharing between third-party partners and NetOxygen, accelerating the development and deployment of future-ready lending models. NetOxygen v5.0 also accelerates and simplifies configuration through a suite of easy-to-use self-service tools available to business users. The business tools enable lenders to address necessary and urgent business changes such as fee schemes, conditions, products, and user maintenance without intervention from the IT team. Additional advancements to NetOxygen include greater configurability to the Rate Exception Screen, which supports a data-driven secondary marketing strategy by allowing for more granular exceptions based on key loan performance indicators such as loan quality, sale-ability, customer loyalty, and campaigns. NetOxygen v5.0 also enhances workflow logic to improve transparency around performance and increase effifciencies within a lending operation. Clients can now use custom and granular workflow filters within NetOxygen to create more sophisticated business processes and assign work to the right business user or group based on specialization. The same logic enhances the NetOxygen Compensation Manager giving lenders the ability to track compensation based on WIPRO.

Wipro Gallagher Solutions Integrates Uniform Closing Dataset into NetOxygen

Wipro Gallagher Solutions announced that its NetOxygen Loan Origination System (LOS) has been directly integrated with Government Sponsored Enterprise (GSE) tools to ensure full compliance with the Uniform Closing Dataset (UCD) in the United States. A required industry dataset based on the Mortgage Industry Standards Maintenance Organization (MISMO) 3.3 standards, UCD allows information on the Consumer Financial Protection Bureau's (CFPB) Closing Disclosure to be communicated electronically, thereby providing accuracy, consistency and clarity on loan transactions. The UCD must be submitted to the GSEs for validation of loans with a note date on or after September 25, 2017. UCD submission must occur prior to Uniform Loan Delivery Dataset (ULDD). The direct GSE integration not only allows NetOxygen users to adhere to industry compliance standards, but also enables them to submit a file from NetOxygen's delivery manager for GSE consumption. NetOxygen also enables the file to be extracted manually for downstream aggregators. WGS ensures client UCD readiness by using Application Program Interfaces (APIs) that connect to both WGS' native and third party imaging solutions.

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