Wipro Gallagher Solutions Partners with DocMagic, Inc. to Enhance Digital Mortgage Processes

Wipro Gallagher Solutions (WGS), a Wipro Limited company and a leading provider of loan origination software solutions, today announced a partnership with DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services for the mortgage industry. The partnership will enable Wipro Gallagher Solutions to advance digital mortgage processes via a seamless integration to DocMagic services.

DocMagic dynamically generates documents and enables NetOxygen LOS users to provide borrowers with the ability to receive the Loan Estimate (LE), eSign documents, and deliver an accurate Closing Disclosure (CD) while ensuring TRID compliance - without ever leaving the LOS. Bringing the process full circle, users can also seamlessly access DocMagic's Total eClose™ platform to execute fully paperless eClosings via a comprehensive eClosing workflow from a single-source vendor.

Amid current challenges and social distancing measures, the new integration offers state-ofthe-art, relevant functionality for lenders, settlement providers, and other stakeholders. It allows borrowers to easily eSign documents and execute completely paperless eClosings.

"We are pleased to cement an integration partnership with Wipro and are confident that it will deliver value to our respective markets," stated Steve Ribultan, Director of Business Development at DocMagic. "This is a lights out integration that significantly improves the digital mortgage process via access to DocMagic's extensive suite of products."

"We are constantly looking for ways to improve the mortgage lending process for our customers, and we will be able to leverage our partnership with DocMagic in doing so," said Sandeep Hinduja, Head of sales, Wipro Gallagher Solutions. "Today's market is unlike any we have seen before. With this partnership, we are expanding the scope of NetOxygen suite of products to better equip lenders to overcome new lending challenges and provide seamless digital experience."

To showcase the new integration and address trends and mounting challenges in the mortgage market, Wipro Gallagher Solutions and DocMagic will be holding a webinar on July 22nd, 2020 at 11 AM CT, click here to register for the webinar. For more information, visit www.wipro.com/gallagher

Shares of WIPRO LTD. was last trading in BSE at Rs.211.7 as compared to the previous close of Rs. 213.75. The total number of shares traded during the day was 2394563 in over 13491 trades.

The stock hit an intraday high of Rs. 217.8 and intraday low of 209.7. The net turnover during the day was Rs. 510355480.

Source : Equity Bulls

Keywords