XL Dynamics and Equinox report US mortgage outsourcing deal

Source: XL Dynamics India

XL Dynamics India Pvt. Ltd., leading provider of Mortgage Loan processing and origination software and Equinox (an i-flex company), global leader in mortgage process outsourcing have bagged an outsourcing contract from one of the major Mortgage banks in the US.

As a part of the contract, XL Dynamics' with its partnership with Equinox will provide its integrated mortgage processing platform - Mortgagesoft OnLine (MOL) for end-to-end mortgage processing services to the US mortgage bank.

MOL is a cutting edge ERP software for mortgage banking industry. MOL seamlessly integrates and automates the end-to-end mortgage lending process, right from loan origination to processing, closing, servicing, secondary marketing, settlement, shipping and insuring.

Speaking on the occasion, XL Dynamics' COO, Alok Bansal said, "Mortgage companies worldwide are becoming increasingly focused on cost reduction and resource efficiency. We see a huge opportunity to bring in efficiencies in operations of mortgage companies by leveraging technology. With XL Dynamics' integrated technology platform combined with expertise in the mortgage processing, we are in a position to provide US Mortgage companies the ability to leverage a state of the art workflow enabled software platform, and high quality, low cost global resources, 24x7 operations window."

Don Ganguly, CEO of Equinox, said, "With XL Dynamics we are uniquely positioned to deliver the integrated suite of end-to-end mortgage processing services which our customers are asking for".

Comments: (0)

Embracing Open Banking with Secure and Interconnected APIs
THE STATE OF DIGITAL BANKING, 2019 - Landscape: The Digital Banking Strategy Playbook