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BANGALORE: Wipro Technologies, the global IT Services Division of Wipro Limited, has announced the Go-Live of a Credit Decisioning System for NCC Mortgage K K (New City Mortgage), a Japanese retail mortgage company. This solution is powered by Flow-briX, Wipro’s Business Process Management (BPM) solution.
The Credit Rating system uses the (Business Rules Engine) BRE component of Flow-briX as its backbone. The BRE component of Flow-briX is now aiding New City Mortgage with a flexible underwriting solution that reduces the loan cycle time by as much as 75 per cent. It automates the process in which loans are underwritten based on the established credit policies. The process will help NCC Mortgage to process more number of applications per day.
“Flow-briX gives us exactly what we need - flexibility, ease of use, scalability and performance. The extensibility of the rules engine enables New City Mortgage to innovate new customer-friendly loan schemes at 60 percent lesser time and IT costs,” said Ernie Olsen, CEO of New City Mortgage.
Flow-briX, is a highly customizable, scalable and componentized framework with BPM and BRE services that help organizations implement manageable business processes and make informed business decisions.
Girish Paranjpe, president - Financial Services, Wipro Technologies, said, “Volatility in mortgage markets requires a flexible and customisable underwriting solution. An innovative and productised solution like Flow-briX gives us the extra edge in meeting such core requirements in the financial services market at a reduced time and cost.”
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