Wipro Gallagher Updates Its Lending System

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Wipro Gallagher has upgraded its loan-origination system, NetOxygen, to provide more detailed and accessible loan information.

The Nashville, Tenn., banking technology firm said Wednesday that the new NetOxygen version 3.5 offers updated loan price-search features, snapshot views of each loan, new workflow controls and new data standards designed to ensure that all the necessary loan information is transferred to GSEs.

"The enhancements made to NetOxygen 3.5 were developed to meet the demands of our valued customers. In today's fast moving and highly regulated lending environment, built-in compliance triggers, intuitive workflow, and ease of use make a significant impact on the lender's success," said Wipro Gallagher business head Narayan Bharadwaj in the press release. "Wipro Gallagher Solutions expects that 2013 will focus on regulatory compliance with the CFPB while increasing manufacturing quality at the same time."

Last month, Wipro Gallagher revised its BPO products.

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