Overview

Mortgage industry in US is facing intense scrutiny from competition and increases in interest rates by Fed. Mergers, acquisitions and competition are forcing institutions to restructure their IT operations and provide competitive interest rates and improve customer satisfaction. Mortgage applications are bit different from other applications in the following ways:

• Small number of transactions due to big size of each loan (on average each loan sale is $150,000)
• Complexity in processing loan applications
• More number of data fields in each loan
• More opportunities to analyze each loan due to more numberof sale attributes
• Analyze capture rates

Recent analyses indicate that cororates can sell more loans through partners than by themselves. This is driving mortgage companies to make more alliances and partnerships to sell loans.

Our services in the mortgage industry have helped Wells Fargo Home Mortgage in the following areas:

• Data Warehousing & Business Intelligence
• Web based application development for Joint Venture Relationships and Operations
• Mainframe batch processing applications to replace manually updating mainframe data
• Legacy systems Integration

     Success Stories