Genpact Ltd. released its Quantum Mortgage Operation System (MOS) to help mortgage originators and lenders automate and streamline major elements of the loan origination process, resulting in shorter loan origination cycle times  and a more transparent mortgage process.

“Quantum MOS is a truly customizable lending solution, offering functionality as a comprehensive platform with the ability to scale services to fit the specific needs of the lender, all while lowering costs and significantly reducing manual work and risk,” said Roger Hull, vice president of technology of Genpact Mortgage Services.

The platform’s use of data eliminates the silos between origination, closing and secondary marketing, enabling lenders to work on each loan file simultaneously. Quantum’s software platform combines automated decisioning and highly efficient processing with its data-centric approach, resulting in the effective use of data for more accurate underwriting. It also features automated quality checking which increases the pull through and lowers loan repurchase rates. Since all the data is accessible from the application onward, the platform reduces the risk to lenders and investors.

This MOS is integral to Genpact’s Mortgage Business Process as a Service offering, which combines Genpact’s granular business process services, data analytics and mortgage domain expertise with the Quantum technology. Lenders can implement this as an end-to-end platform or select only the necessary components needed to create efficiencies. The combination of technology and services through the software as a service (SaaS) model allows lenders to scale as needed, resulting in improved and consistent profitability.

“Our end-to-end Mortgage Operations System brings together an incredibly streamlined mortgage process using Genpact’s SEPSM framework with smart technology, further strengthening our comprehensive mortgage services capabilities for our clients,” said Matt Woods, president of Genpact Mortgage Services.  “As a business process as a service (BPaaS) offering, we are leveraging our mortgage processing expertise and analytical insights with flexible technology.”