Case Study: a leading real estate mortgage lender achieves faster time-to-market with Wipro NetOxygen

Wipro’s NetOxygen solution helps a leading real estate mortgage lender respond quickly to market demands

The client, a leading real estate mortgage lender, faced challenges with a non-scalable, people-dependent legacy loan origination system. This resulted in a very high cost of origination, a slow time-to-market for new products, and difficulty adapting to changing regulatory requirements. The vendor Wipro was engaged to address these issues and improve business process management.

Wipro implemented its proprietary NetOxygen solution to replace the legacy system. This provided the client with a scalable, automated platform featuring strong workflow capabilities and enhanced business rules management. The solution significantly reduced the time-to-market for new products and gave business departments direct control over system modifications. As a result, the client gained more control over loan pricing and cost and could respond rapidly to new regulatory demands.