WNS Global Services Partners with Wells Fargo to Deliver Its Digital Loan Management Solution
October 23 2006 - 8:00AM
Business Wire
WNS Global Services (NYSE: WNS), a leading offshore business
process outsourcing (BPO) provider, today announced a new
partnership with Wells Fargo & Company (NYSE:WFC) that will
allow correspondent lenders selling loans to Wells Fargo to
electronically submit the loans via WNS� digital loan management
(DLM) platform.The announcement was made in conjunction with WNS�
participation at the Mortgage Banker�s Association Annual
Conference in Chicago. �WNS� DLM solution draws on a unique
combination of skilled people, efficient processes and innovative
technology to create a platform for automating the process of loan
document indexing, data extraction, loan delivery and quality
assurance,� said Francesco Paola, Executive Vice President for WNS�
mortgage services practice. �Data from the loans and the loan file
images are formatted to Wells Fargo�s specifications and submitted
electronically, enabling the lender to gain efficiencies in
managing its warehouse lines and decreasing shipping time and
costs.� �Partnering with WNS enables Wells Fargo to offer
correspondent lenders additional solutions that reduce costs and
improve the loan delivery process, while at the same time allowing
us to be more efficient,� said Eric Stoddard, Executive Vice
President for Correspondent Business, Wells Fargo. �WNS� DLM
solution will enable our correspondent lenders to satisfy Wells
Fargo�s electronic loan delivery requirements in a rapid, flexible
and secure manner.� As part of its Financial Services practice, WNS
delivers a wide range of BPO solutions and technology enabled
services to the mortgage banking industry, including DLM, loan
processing, underwriting, closing, post-closing, customer service
capabilities, due diligence and servicing functions. The company,
which in November 2005 acquired Tucson, Arizona-based Trinity
Partners, Inc., delivers mortgage services to originators,
servicers, mortgage investors and lender service providers. About
WNS WNS is a leading provider of offshore business process
outsourcing, or BPO, services. We provide comprehensive data, voice
and analytical services that are underpinned by our expertise in
our target industry sectors. We transfer the execution of the
business processes of our clients, which are typically companies
located in Europe and North America, to our delivery centers
located primarily in India. We provide high quality execution of
client processes, monitor these processes against multiple
performance metrics, and seek to improve them on an ongoing basis.
Our ADSs are listed on the New York Stock Exchange. For more
information, please visit our website at www.wnsgs.com. WNS Global
Services (NYSE: WNS), a leading offshore business process
outsourcing (BPO) provider, today announced a new partnership with
Wells Fargo & Company (NYSE:WFC) that will allow correspondent
lenders selling loans to Wells Fargo to electronically submit the
loans via WNS' digital loan management (DLM) platform.The
announcement was made in conjunction with WNS' participation at the
Mortgage Banker's Association Annual Conference in Chicago. "WNS'
DLM solution draws on a unique combination of skilled people,
efficient processes and innovative technology to create a platform
for automating the process of loan document indexing, data
extraction, loan delivery and quality assurance," said Francesco
Paola, Executive Vice President for WNS' mortgage services
practice. "Data from the loans and the loan file images are
formatted to Wells Fargo's specifications and submitted
electronically, enabling the lender to gain efficiencies in
managing its warehouse lines and decreasing shipping time and
costs." "Partnering with WNS enables Wells Fargo to offer
correspondent lenders additional solutions that reduce costs and
improve the loan delivery process, while at the same time allowing
us to be more efficient," said Eric Stoddard, Executive Vice
President for Correspondent Business, Wells Fargo. "WNS' DLM
solution will enable our correspondent lenders to satisfy Wells
Fargo's electronic loan delivery requirements in a rapid, flexible
and secure manner." As part of its Financial Services practice, WNS
delivers a wide range of BPO solutions and technology enabled
services to the mortgage banking industry, including DLM, loan
processing, underwriting, closing, post-closing, customer service
capabilities, due diligence and servicing functions. The company,
which in November 2005 acquired Tucson, Arizona-based Trinity
Partners, Inc., delivers mortgage services to originators,
servicers, mortgage investors and lender service providers. About
WNS WNS is a leading provider of offshore business process
outsourcing, or BPO, services. We provide comprehensive data, voice
and analytical services that are underpinned by our expertise in
our target industry sectors. We transfer the execution of the
business processes of our clients, which are typically companies
located in Europe and North America, to our delivery centers
located primarily in India. We provide high quality execution of
client processes, monitor these processes against multiple
performance metrics, and seek to improve them on an ongoing basis.
Our ADSs are listed on the New York Stock Exchange. For more
information, please visit our website at www.wnsgs.com.
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