Synechron announces the release of proprietary Strategic Solution Frameworks for Mortgage Banking
Piscataway, NJ, 6th December 2006:
Synechron today announced the release of its Strategic Solution Frameworks for the Mortgage Banking Domain.
Synechron has leveraged its significant Technology & Process related experience and expertise in the Mortgage Banking Domain to develop its own strategic, reusable Mortgage Technology components that can be customized to seamlessly integrate with, and enhance existing Enterprise Mortgage Technology systems.
These components range from full fledged, integrable modular application frameworks to 'core building blocks' that can be speedily extended and utilized for large scale customized implementations, thereby achieving specific business functionalities in a highly flexible, effective and economical manner.
These highly flexible and affordable integration frameworks are designed specifically for the mortgage industry and its most common internal and external interfaces and reporting tools and will reduce the time and effort required to implement, integrate, maintain & optimize the functioning of Loan Origination Systems and other mission critical technology applications that drive the enterprise Mortgage Technology Lifecycle.
To kick start this initiative and in keeping with the vision of developing a suite of frameworks to cover end to end functionalities of the Mortgage Services Delivery Chain, Synechron announced the launch of it's two high-end Strategic Frameworks:
Synechron CRMS (Channel Relationship Management System) is an online application which has been designed to create and maintain broker and correspondent data for Wholesale/Correspondent/Conduit Lenders, enabling them to review, approve and manage their Client (Brokers/Correspondents) network. CRMS will help automate the end to end Broker Approval and Management process and provide a single point, role based web enabled point of access and management.
Another major Strategic Solution Framework developed by Synechron is MWSSF (Mortgage Web Services Solutions Framework). MWSSF is a web service that interfaces with various Credit Reporting Agencies for seamless, real time retrieval of Credit Reports. This Framework has been developed to make retrieval of credit reports a completely automated, highly rapid and accurate process contributing to optimization of the entire loan transaction process.
Speaking on the occasion, Synechron's Director of Mortgage Technology, Sanjeev Vishwakarma said, "Most mortgage banks do extensive amount of due diligence before making an investment in an LOS. Yet, more often than not, the chosen LOS will not meet all business requirements exactly and will need to be interfaced, customized & integrated to a significant extent. This is exactly where Synechron's frameworks come into picture enabling seamless enhancement and optimization of the same."
Synechron holds extensive experience in the Mortgage Banking Technology Development domain and provides a range of services including development of loan origination and processing products and solutions around major Loan Origination Systems including Calyx Point, Contour, BYTE, Genesis, Encompass, Empower, TMO, MortgageFlex and Integra. Other services include: Integration and enhancement of LOS, processing and QC systems; automation services for critical business processes such as pricing, underwriting and compliance; development of loan approval, comparative evaluation and credit management systems; fraud engine querying, high cost engines, and secondary marketing systems; and solutions for business intelligence, reporting and analytics.
Synechron also offers KPO services which have been built upon a solid foundation of turnkey business process and technology services that the company has provided to major players in the Mortgage Banking industry including Washington Mutual, Capital Corp., New York Mortgage Co., Gateway Funding Corp., Homeowners Loan Corp., First Residential Mortgage and Madison Equity among others.
About Synechron
Synechron is a Global IT Solutions & Services provider with a niche focus on the BFSI (Banking and Financial Services) space with headquarters in New Jersey, global offices in the US, and a state-of-the-art Development Center based in Pune, India. Synechron provides a range of IT solutions with a domain focus in Capital Markets, Insurance, Mortgage Banking and Internet Media & Technology. Services include development, customization, integration, maintenance, support, migration, automation, QA Services and KPO services. For more information visit www.synechron.com.
Synechron Corporate Contact:
Siddharth Madhusudan for corporate communications
Piscataway, NJ, 6th December 2006:
Synechron today announced the release of its Strategic Solution Frameworks for the Mortgage Banking Domain.
Synechron has leveraged its significant Technology & Process related experience and expertise in the Mortgage Banking Domain to develop its own strategic, reusable Mortgage Technology components that can be customized to seamlessly integrate with, and enhance existing Enterprise Mortgage Technology systems.
These components range from full fledged, integrable modular application frameworks to 'core building blocks' that can be speedily extended and utilized for large scale customized implementations, thereby achieving specific business functionalities in a highly flexible, effective and economical manner.
These highly flexible and affordable integration frameworks are designed specifically for the mortgage industry and its most common internal and external interfaces and reporting tools and will reduce the time and effort required to implement, integrate, maintain & optimize the functioning of Loan Origination Systems and other mission critical technology applications that drive the enterprise Mortgage Technology Lifecycle.
To kick start this initiative and in keeping with the vision of developing a suite of frameworks to cover end to end functionalities of the Mortgage Services Delivery Chain, Synechron announced the launch of it's two high-end Strategic Frameworks:
Synechron CRMS (Channel Relationship Management System) is an online application which has been designed to create and maintain broker and correspondent data for Wholesale/Correspondent/Conduit Lenders, enabling them to review, approve and manage their Client (Brokers/Correspondents) network. CRMS will help automate the end to end Broker Approval and Management process and provide a single point, role based web enabled point of access and management.
Another major Strategic Solution Framework developed by Synechron is MWSSF (Mortgage Web Services Solutions Framework). MWSSF is a web service that interfaces with various Credit Reporting Agencies for seamless, real time retrieval of Credit Reports. This Framework has been developed to make retrieval of credit reports a completely automated, highly rapid and accurate process contributing to optimization of the entire loan transaction process.
Speaking on the occasion, Synechron's Director of Mortgage Technology, Sanjeev Vishwakarma said, "Most mortgage banks do extensive amount of due diligence before making an investment in an LOS. Yet, more often than not, the chosen LOS will not meet all business requirements exactly and will need to be interfaced, customized & integrated to a significant extent. This is exactly where Synechron's frameworks come into picture enabling seamless enhancement and optimization of the same."
Synechron holds extensive experience in the Mortgage Banking Technology Development domain and provides a range of services including development of loan origination and processing products and solutions around major Loan Origination Systems including Calyx Point, Contour, BYTE, Genesis, Encompass, Empower, TMO, MortgageFlex and Integra. Other services include: Integration and enhancement of LOS, processing and QC systems; automation services for critical business processes such as pricing, underwriting and compliance; development of loan approval, comparative evaluation and credit management systems; fraud engine querying, high cost engines, and secondary marketing systems; and solutions for business intelligence, reporting and analytics.
Synechron also offers KPO services which have been built upon a solid foundation of turnkey business process and technology services that the company has provided to major players in the Mortgage Banking industry including Washington Mutual, Capital Corp., New York Mortgage Co., Gateway Funding Corp., Homeowners Loan Corp., First Residential Mortgage and Madison Equity among others.
About Synechron
Synechron is a Global IT Solutions & Services provider with a niche focus on the BFSI (Banking and Financial Services) space with headquarters in New Jersey, global offices in the US, and a state-of-the-art Development Center based in Pune, India. Synechron provides a range of IT solutions with a domain focus in Capital Markets, Insurance, Mortgage Banking and Internet Media & Technology. Services include development, customization, integration, maintenance, support, migration, automation, QA Services and KPO services. For more information visit www.synechron.com.
Synechron Corporate Contact:
Siddharth Madhusudan for corporate communications
