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Wipro Gallagher Solutions enhances NetOxygen Loan-Origination Platform

03 Dec 2021 Evaluate

Wipro Gallagher Solutions (WGS), a Wipro company and leading provider of loan origination software solutions, has introduced an industry-first Automatic Income Calculator to its award-winning NetOxygen loan-origination solution (LOS). The innovative feature, which lenders can use to yield significant savings, is just one of many updates included in NetOxygen 7.2. 

NetOxygen 7.2’s Automatic Income Calculator enables the customer to calculate a borrower’s income based on submitted documents such as paystubs, W-2s and tax returns. This unique tool provides loan officers and underwriters a more-accurate income estimation and validation. The feature also assists with archiving and auditing while reducing customer effort up to 70 percent. Additional upgrades further improve the usability of NetOxygen to ensure financial institutions can process loans faster and more efficiently through Artificial Intelligence (AI) and automation.

Wipro is a leading global information technology, consulting and business process services company.

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