As the deadline for implementation of the uniform loan delivery dataset (ULLD) arrived on Monday, ""Wipro Gallagher Solutions (WGS)"":http://www.gogallagher.com/ announced its adoption of ULDD standards. The company noted that clients using its loan origination systems will now be able to seamlessly interface with the government-sponsored enterprises (GSEs), as per ULDD's objectives.
Through its ULDD capabilities, WGS will give users engaging the company's NetOxygen module the ability to control loan data and GSE delivery in-house. In a company statement, WGS noted that the addition of ULDD compliance will provide greater efficiency for data collection, elevated levels of data specificity, and reduced dependence on special codes.
Narayan Bharadwaj, head of business for WGS, commented, ""Adoption of a consistent loan delivery format reduces the cost and time lenders and investors spend cross checking and comparing data fields.[COLUMN_BREAK]
""Ultimately, ULDD creates additional efficiencies in the primary and secondary mortgage markets, as well as provides a more transparent lending experience for our customers specifically,"" concluded Bharadwaj.[IMAGE]