Fremont Investment & Loan Deploys Gallagher NetOxygen Nationwide
Technology automates entire end-to-end mortgage loan process
Brentwood, TN - Gallagher Financial Systems (GFS), a leading provider of enterprise loan origination system technology, announced that Fremont Investment & Loan has successfully deployed Gallagher NetOxygen to its nationwide network of mortgage loan processing centers. Gallagher NetOxygen is a comprehensive, Web-based point-of-sale and loan origination system providing end-to-end loan processing via an Internet browser.
NetOxygen enables lenders to improve efficiencies through dynamic workflow routing and rule-driven, streamlined business processes using smart data. The system is designed to handle every aspect of the lending process for all channels and loan types using a component-based, end-to-end system, allowing for enterprise-wide data access for improved service delivery with reduced operating costs.
“NetOxygen enables our users to be more productive and at the same time, deliver better quality service,” said David Aldridge, Fremont’s chief information officer. “The solution’s scalable architecture provides the flexibility for Fremont to address current needs, and the adaptability for future industry changes. Gallagher has been a true partner since the project’s inception.”
Fremont Investment & Loan and Gallagher are now partnering to implement a B2B Web site using NetOxygen that will allow brokers to submit loan applications directly into the NetOxygen system. This project will use leverage all previously developed pricing, product and other, capabilities to greatly enhance the ROI of NetOxygen. The Web site will provide dynamic scenario and product recommendation capabilities to Fremont’s broker network, and enable Fremont to continuously improve the broker experience with NetOxygen’s flexible administration tools.
“NetOxygen has delivered the rich user experience of a robust Windows application via an Internet browser since 2002, and can be tailored to meet changing business needs and specific technological challenges,” said Chris Anderson, president of Gallagher Financial Systems. “Browser delivery of such robust functionality not only eases rollout but also simplifies support for nationwide organizations such as Fremont Investment & Loan”.
Contact
Joey McDuffee
Vice President, Sales and Marketing
Wipro Gallagher Solutions
1.800.989.9996 or 615.221.7358
About NetOxygen
NetOxygen’s architecture allows lenders to improve efficiencies via dynamic workflow routing and rule-driven, streamlined business processes. NetOxygen was designed to handle all aspects of the lending process for all channels and loan types using a component-based, end-to-end system, which allows for enterprise-wide data access for improved customer service. Gallagher also provides an off-the-shelf solution that can then be tailored to meet technological and business challenges that arise in an ever-changing industry. For more information, please visit www.netoxygen.com.
About Wipro Gallagher Solutions
Founded in 1985, Wipro Gallagher Solutions, formerly Gallagher Financial Systems, is one of the nation's largest residential loan origination systems providers. WGS is headquartered in South Miami, Fla., with its national operations center in Brentwood, Tenn. Wipro Gallagher Solutions' NetOxygen architecture allows lenders to improve efficiencies via dynamic workflow routing and rule-driven, streamlined business processes. NetOxygen was designed to handle all aspects of the lending process for all channels and loan types using a component-based, end-to-end system, which allows enterprise-wide data access for improved customer service. WGS also provides an off-the-shelf solution that can be tailored to meet technological and business challenges that arise in an ever-changing industry. GFS was acquired by Wipro Limited in July, 2008.
About Wipro Limited
Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development, and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services company globally. Wipro’s IT Services business was assessed at Level 5 for CMMI V 1.2 across Offshore and Onsite development centers. For more information, please visit our website at www.wipro.com.
About Fremont Investment & Loan
Fremont Investment & Loan is a highly successful financial services company specializing in retail banking, residential and commercial lending. The company is committed to providing superior financial products and services to its customers and business partners. Fremont is focused on originating and acquiring residential and commercial real estate loans that are primarily financed through deposit accounts that are insured by the Federal Deposit Insurance Corporation (FDIC). Fremont Investment & Loan is a subsidiary of Fremont General Corporation. Fremont General Corporation is an industrial bank holding company whose common stock is traded on the New York Stock Exchange under the symbol "FMT" (NYSE: FMT).
