WGS Announces Product Integration with Optimal Blue

Wipro Gallagher Solutions (WGS), an end-to-end provider of lending products and services, announced the integration of its NetOxygen loan origination software with Optimal Blue’s automation platform.

“Wipro Gallagher Solution’s technology integration philosophy is that a solution must do more than deliver flashy features and functions; it must deliver value to our customers and in any market conditions,” said Narayan Bharadwaj, general manager and business head at WGS. “This seamless integration not only improves efficiencies for our customers but it also delivers unfettered access to accurate product and pricing data which ultimately helps our customers make more profitable decisions in a trying market.”

With the integration, Optimal Blue’s product and pricing engine now enables NetOxygen users to assess accurate, best-fit rates and loan pricing scenarios for nearly 200 investors. Because the two-way interface automates data sharing, lenders don’t have to maintain rates and product guidelines for different investors and are now able to lock requests and confirmations in real time without leaving the system.

The integration also includes Optimal Blue’s secondary marketing platform, which enables users to hedge their pipelines as well as determine the best execution and allocation of their loans in real time.

“Accuracy automation and transparency are three essential ingredients needed to sustain a profitable enterprise in today’s volatile market,” said Larry Huff, co-CEO of Optimal Blue. “By streamlining the cumbersome product, pricing and secondary marketing workflow processes, this interface provides our common customers with a powerful addition to their survival toolkit.”