ClosingCorp,
a leading provider of residential real estate closing cost data and
technology for the mortgage and real estate services industries, today
announced that it has integrated its SmartFees® service with
Wipro Gallagher Solutions (WGS), a Wipro Limited (NYSE: WIT, BSE:
507685, NSE: WIPRO) company and a leading provider of loan origination
software (LOS) solutions. This integration will now provide lenders
using Wipro’s NetOxygen LOS platform with instant access to SmartFees’
real-time third-party provider rates and fees covering over 20,000
service providers.
ClosingCorp’s SmartFees integrates loan file information, transfer tax
and recording data, service provider fees from more than 70,000 rate
cards, and lender business rules and requirements into a single,
seamless process and platform—allowing clients to originate mortgages
confidently and compliantly.
“This integration enables our NetOxygen LOS to provide our clients with
easily delivered real-time, accurate rates and fees for loan estimates
and closing documents while streamlining the lender’s workflow,” said
Scott Dunn, Head of Product Management and Strategy, Wipro Gallagher
Solutions, Wipro Limited. “Being able to leverage SmartFees will also
enhance our ability to deliver a higher, dependable level of compliance
while lowering our exposure to potential TRID violations from the
beginning of the loan origination cycle.”
“Integrating our configurable fee solution with Wipro enables a
compliant environment while creating a much more efficient and
transparent experience across the board,” said Bob Jennings, CEO of
ClosingCorp. “Our mutual customers will find this integration makes it
easier than ever for them to move loans forward with fewer manual
touches—reducing operating costs, mitigating risk and further improving
the consumer experience.”
About ClosingCorp
Headquartered in San Diego, Calif., ClosingCorp owns and operates the
premier source of intelligence for closing costs and service providers
in the U.S. residential real estate industry. Through innovative
solutions, progressive technologies, and strong alliances, the company
delivers timely, accurate, and transparent results that help optimize
closing processes and services for mortgage lenders, title and
settlement companies, and real estate professionals. Clients rely on
ClosingCorp to help improve efficiencies and mitigate risk. For more
information, please visit www.closing.com.
About Wipro Gallagher Solutions
Wipro Gallagher Solutions’ NetOxygen is fueling the future lender with
its truly digital loan origination solution. With NetOxygen, lenders can
leverage a workflow-driven, multi-asset, multi-channel, flexible, best
in class POS to closing solution, with unparalleled borrower and
colleague experience. Wipro Gallagher Solutions provides retail,
wholesale, correspondent, and consumer lenders with a powerful
origination platform that drives profitable lending anytime, anywhere.
Wipro Gallagher Solutions is a Wipro Limited company. For more
information, please visit www.wipro.com/gallagher.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global
information technology, consulting, and business process services
company. We harness the power of cognitive computing, hyper-automation,
robotics, cloud, analytics, and emerging technologies to help our
clients adapt to the digital world and make them successful. A company
recognized globally for its comprehensive portfolio of services, strong
commitment to sustainability, and good corporate citizenship, we have
over 170,000 dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better and a
bold new future.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth
prospects are forward-looking statements, which involve a number of
risks and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. The risks and
uncertainties relating to these statements include, but are not limited
to, risks and uncertainties regarding fluctuations in our earnings,
revenue and profits, our ability to generate and manage growth, intense
competition in IT services, our ability to maintain our cost advantage,
wage increases in India, our ability to attract and retain highly
skilled professionals, time and cost overruns on fixed-price, fixed-time
frame contracts, client concentration, restrictions on immigration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks, our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political instability,
war, legal restrictions on raising capital or acquiring companies
outside India, unauthorized use of our intellectual property, and
general economic conditions affecting our business and industry.
Additional risks that could affect our future operating results are more
fully described in our filings with the United States Securities and
Exchange Commission. These filings are available at www.sec.gov.
We may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
company’s filings with the Securities and Exchange Commission and our
reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us or on
our behalf.
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