GFS Introduces NetOxygen Migrator

Change management platform improves lending institutions'
rapid response to dynamic market environment

Brentwood, TN - Gallagher Financial Systems, Inc. (GFS), a leader in enterprise Loan Origination System technology, announced the release of NetOxygen Migrator, GFS’ next generation change management platform.

NetOxygen Migrator, part of GFS’ Enterprise Manager suite of .NET tools, allows administrators to more easily respond to their customers’ unique needs. For example, administrators, with proper security and using NetOxygen’s flexible tools, can respond to market demands by adding or modifying new products, pricing and workflow processing rules. NetOxygen Migrator provides enhanced support for moving this type of time-sensitive new content into customer production environments with full traceability. "We collaborated with Gallagher and some of its other clients in the ongoing development of the NetOxygen Migrator," said Vince DiFiglia, vice president of IT for Consumer Lending at GMAC Mortgage. "With NetOxygen Migrator, we believe our technical staff will gain greater efficiencies, enabling us to better meet the changing technology needs of our retail loan origination system.”

One of NetOxygen Migrator’s biggest advantages is that it further reduces time to market and the costs associated with the rapid responses needed to remain competitive in the marketplace. It does this by giving system administrators greater control over changes made using NetOxygen’s tools. NetOxygen Migrator enables these changes to be tracked and documented to remain compliant with the internal auditing department, as well as automating change control steps that were previously manual. All of these changes help management focus on helping their customers and continue to improve efficiency.

“Since GFS has had a true thin-client, Web-enabled origination system for more than four years,” said Chris Anderson, president and CFO at Gallagher Financial Systems, “we have been focusing our technology efforts on initiatives that enable our clients to continually derive new benefits from their technology investment. Lenders can gain competitive advantage by providing better service to their customers. NetOxygen Migrator furthers that advantage by allowing our clients to leverage the already powerful capabilities of NetOxygen more quickly and efficiently for increasingly lower costs.”

Additional functionalities provided with the use of NetOxygen Migrator include complete audit trails of all work performed, added security controls and the ability to roll back new content that does not meet internal validation.

According to Anderson, lead conversion for the mortgage industry is three to six percent. “Imagine if a lender could increase that number by one or two percent,” he said. “That would be significant. We believe if a system is flexible and you can move time-sensitive changes quickly it can only lead to lenders becoming more productive and enabling sales to convert more leads. At Gallagher – that is what we strive to do with all of our products.”

Contact
Joey McDuffee
Vice President, Sales and Marketing
Gallagher Financial Systems
1.800.989.9996 or 615.221.7358

About NetOxygen
NetOxygen’s architecture allows lenders to improve efficiencies via dynamic workflow routing and rule-driven, streamlined business processes. NetOxygen was designed to handle all aspects of the lending process for all channels and loan types using a component-based, end-to-end system, which allows for enterprise-wide data access for improved customer service. Gallagher also provides an off-the-shelf solution that can then be tailored to meet technological and business challenges that arise in an ever-changing industry. For more information, please visit www.netoxygen.com.

About Gallagher Financial Systems
Founded in 1985, Gallagher Financial Systems is one of the nation's largest residential loan origination systems providers. Headquartered in South Miami, Fla., with its national operations center in Brentwood, Tenn., GFS has more than 150 professionals located throughout the U. S. and abroad. The company provides flexible, scalable, Web services-based loan origination and decisioning solutions for both the mortgage and consumer lending industries. Its product suite includes Gallagher NetOxygen, a Web-based Enterprise Lending Platform (for Internet-enabled technology needs), Enterprise Manager and NetOxygen Studio. For more information, visit Gallagher's corporate Web site at www.gogallagher.com