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For nearly 25 years, the Wipro Gallagher Solution mission has been to supply lenders with innovative loan origination software solutions that support and augment the best practices of the industry. True to that mission, WGS proudly introduced the hosted version of NetOxygen in 2009. Built on the same proven, scalable NetOxygen LOS components that leading lenders in the US and abroad have used for nearly a decade, this fully hosted, fully managed, scalable mortgage software solution is available at a fraction of the cost of a typical system.
NetOxygen provides all the robust features needed to automate and manage the mortgage processes across the enterprise. With a hosted mortgage LOS, you can focus on lending while we manage the software and hardware. With the ease and accessibility of a built-in, all-encompassing solution, the sky's the limit.
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Lenders today are generally looking for several things to assist in their processes:
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Efficiency in workflow processes
Lending margins have been shrinking for years now. To stay profitable lenders have been forced to seek efficiencies in all areas of lending. At WGS, we have more than two decades of experience in managing workflow efficiently, and NetOxygen takes full advantage of that knowledge in its design. At the core of the LOS, the NetOxygen workflow can be tailored to each lender and guides users through any type of loan. With controls built in to keep users on the right track while obtaining all of the required information, nothing gets missed. At the same time, workflow efficiency is maximized by the incorporation of the best practices of all US lenders. NetOxygen eliminates missing or incomplete data that forces QC processes or workarounds!
Safety and security
NetOxygen uses the latest in security features to ensure that you meet or exceed regulatory compliance guidelines. WGS has incorporated a multi-tenant architecture into NetOxygen to ensure that each customer’s loan data is isolated from other customers. This makes for safe and secure access for authorized users. Users are assigned rights within the system. Security is controlled all the way down to the field level. In addition, documents can be securely sent to the NetOxygen Document Retrieval System for remote retrieval by authorized users. And, the WGS data center is fully SSAE 16 compliant.
Easy access
NetOxygen is a fully enabled web application to provide you with the easiest access available. Access by authorized users can be from any location on any device capable of running a browser. This means that the data is centralized, online, and in real time, giving you the confidence to maintain your rules and operations in a 24/7/365 environment.
Support for all types of lending
NetOxygen supports all standard US residential lending models for mortgages, consumer, and commercial loans. This includes the standard programs for Freddie Mac, Fannie Mae, VA, and FHA/HUD as well as most commonly practiced portfolio lending models. The guidelines and matrices are already a part of the NetOxygen rules and workflow model. Compliance can be managed through our partnership with Mavent.
Integrated vendor ecosystem
In addition to providing powerful workflow automation, WGS has incorporated an extensive integrated vendor network to provide you with everything you need via third-party services. Seamless exchange of data through the latest MISMO technologies provides an easy way to incorporate each and every response from various providers to offer an additional level of process efficiency — all without ever leaving NetOxygen. Some of the most widely used credit, flood, appraisal, fraud, MI, AUS, and document preparation companies are available, ready, and at your service.
Complete and flexible documents and reporting capabilities
WGS partners with DocuTech to provide accurate and compliant documents, and reports can be managed by a variety of standard reporting tools. Additionally, custom documents can be created via an easy-to-use Microsoft Word interface. Documents can be viewed, faxed, printed, or delivered electronically through a secure connection, reducing delays in mailing and the expense of traditional couriers.
Paperless Imaging
NetOxygen includes a native imaging and scanning solution to enable a paperless process to further reduce costs. Virtually any image type can be categorized by owner and type and can be auto-indexed to the loan by scanning a barcode. Documents and images can also be tied to the satisfaction of specific conditions, further automating the approval process.
Shorter time-to-market
With NetOxygen, the mortgage LOS is already in place; all our customers need to do is specify users, products, pricing, and fees to complete the setup. In cases where the client requires tailored capabilities, NetOxygen has the flexibility and can be adapted to handle those needs, including requirements for the look and feel of the user interface. And, should your future direction change and you require more customization or an in-house system, an enterprise version of NetOxygen can be installed and be seamlessly integrated because it uses the same engines and database structure as NetOxygen.
Fewer maintenance headaches
All the maintenance of both hardware and software is managed for you, including:
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24/7 system access |
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Disaster recovery |
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Business continuity |
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Compliance (SSAE 16 Certified Data Center) |
Low cost
NetOxygen delivers an innovative, state-of-the-art SaaS hosted lending system. This means that lenders using NetOxygen have:
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No upfront licensing fees |
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No on-site hardware cost |
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No on-site software maintenance cost |
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No on-site IT staff requirements |
And, with a wide variety of fixed or variable pricing options, the hosted version of NetOxygen is extremely affordable. NetOxygen allows for rapid deployment and long-term staying power. |
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