Setting The Stage

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Th e M Rep o RT | 9 WGS Announces Product Integration with Optimal Blue Company partners to inCrease effiCienCy. W ipro 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 Solutions' 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." Firms Announce First-Ever 'eClosed' FHA Loan teChnologiCal advanCes are making the signing proCess easier. S tewart Title announced the first electronically closed Federal Housing Admin- istration (FHA) loan in partner- ship with Mountain America Credit Union. The companies joined to offer customers an eco- friendly and enhanced closing experience with eClosings. Mountain America's eClos- ing platform—branded as Quick Close—was made possible through Stewart's eClosing- Room technology, powered by SureClose, in conjunction with DocMagic eSign-compliant loan documents. "Being the first lender in the country to conduct a live eClosing of an FHA loan and doing it with Quick Close and Stewart is truly an exciting event for us," said Amy Moser, VP of mortgage services for the Utah-based Mountain America. "We implemented Quick Close for our customers in 2010. It gives us a tremendous competi- tive advantage because it enables us to provide superior customer service to credit union members who demand an efficient loan experience." Using Quick Close, docu- ments in the transaction were available online for the parties of the transaction to review and approve before closing. At the closing, all of the documents (with the exception of the FHA mortgage note) were generated and signed electronically. on the web

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