Wipro Recognized as a Top 50 Mortgage Service Provider by Mortgage Technology Magazine

Lincolnshire, IL - June 2014 - Opus Capital Markets Consultants LLC (Opus CMC), a leading provider of mortgage due diligence and a wholly owned subsidiary of Wipro Ltd, announced today that, Mortgage Technology Magazine has named Wipro Ltd as a Top 50 Mortgage Service Provider for the fourth consecutive year. The nominees were judged on four criteria: continued advancement of technology and services, viable revenue model and value proposition to customers, exceptional customer service and unique impact on the mortgage industry. Nominations were judged by the Mortgage Technology editorial staff and focused on vendors’ accomplishments in the past 12 months.

Wipro was recognized for its mortgage capabilities including the Wipro Gallagher Solutions’ end-to-end origination solutions and the December 2013 acquisition of Opus CMC, a leading provider of mortgage due diligence, valuation support, forensic analysis and advisory services. The acquisition reinforces Wipro’s commitment to delivering loan quality and transparency to mortgage industry at every stage of the loan life cycle. Opus CMC’s unique offering complements Wipro’s existing technology offering which also contributed to Wipro being named a Top 50 Service Provider. In October of 2013, Wipro Gallagher Solutions launched the Lend Value Suite for mortgage lenders which incorporates web-based loan portals, enterprise mobility and its universal loan origination system all of which seamlessly interact to synchronize lending activity within a centralized data repository.

"The customer service and regulatory compliance demands placed on mortgage lenders and servicers are greater than they've ever been before, and the industry relies on its technology vendors to help it meet these expectations," said Austin Kilgore, editor of Mortgage Technology magazine and managing editor of its sister publication, National Mortgage News. "The companies named to the 2014 Top 50 Service Providers list have proven themselves worthy of this complex and ongoing challenge."

“Wipro is excited to be recognized as a Top 50 Mortgage Service Provider and will continue to make strategic investments in mortgage technologies and solutions that help improve quality, transparency, efficiency and performance for originators, servicers and secondary marketing participants,” said Keyur Maniar, VP and Global Head – FS BPO, Wipro.

“Starting with our acquisition of  Wipro Gallagher Solutions to the recent acquisition of Opus CMC, we continue to strive towards a leadership position in the mortgage technology space through  new business and commercial models and technologies. We are glad to be recognized for our continuous efforts and investments in mortgage space. “ Arunachalam Srinivasan, VP and Head Core Processing Transformation Head, Products and Solutions Group.