Synechron Expands High-End Mortgage Knowledge Process Outsourcing Division
Posted on: Wednesday, 22 March 2006, 12:00 CST
Synechron, a premier provider of application development and IT consulting solutions in the mortgage banking, capital markets and insurance domains, today announced expansion of its high-end, specialized Mortgage Banking Knowledge Process Outsourcing (KPO) division.
Synechron's KPO service offerings now include Loan Boarding, Conditions Processing, Title Review Services, Rate Locking Services, Compliance Services, Verification Services, Document Mapping Services, Quality Control and Post-Close Audit Services.
Synechron's range of KPO services enable wholesale and retail lenders, mortgage brokerage companies and third party service providers to leverage its domain-specific technology and business process expertise. This ensures the seamless optimization of the entire loan origination, sourcing, processing, secondary marketing, quality control and servicing cycles, and increases loan-processing efficiency, improves quality and measurably reduces costs.
Synechron's KPO services build upon a solid foundation of turnkey business process and technology services that the company has provided to major players in the mortgage banking industry including Aurora Loan Services, Washington Mutual, Capital Corp., American Mortgage Network, New York Mortgage Co., Gateway Funding Corp., Homeowners Loan Corp., First Residential Mortgage, and Mortgage Cadence, among others.
"Synechron's global delivery model for its mortgage banking KPO division enables us to outsource mid- and high-end, traditionally "non-outsourceable" loan processing functions in a highly secure and seamless manner, delivering considerable cost savings and 24/7 productivity," said Marlio Chaux, CEO, First Residential Mortgage.
"KPO is a natural extension of BPO as cost pressures in the mortgage industry continue to dominate," said Zia Bhutta, COO, Synechron. "KPO goes beyond back-end processes and the routine tasks of BPO to deliver more strategic and customized services, ensuring a higher ROI."
Synechron also has extensive experience in the mortgage technology development domain and provides a range of development, automation and integration services.
Synechron specializes in delivering solutions around major loan origination systems including Calyx Point, Contour, BYTE, Genesis, Encompass, Empower, TMO, MortgageFlex, Integra and Mortgage Cadence.
About Synechron:
Synechron is an SEI CMMI Level 3 certified Global IT Solutions & Services provider with offices in New Jersey, Connecticut, Denver, London, and a state-of-the-art Development Center based in Pune, India. For more information please visit www.synechron.com.
Source: Business Wire
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