Quatrro acquires division of Financial Group

NEW DELHI: Quatrro Mortgage Solutions a subsidiary of Quatrro BPO Solutions, founded by Raman Roy (Quatrro) is all set to acquire the mortgage technology platform and onshore-offshore loan processing operations of Preferred Financial Group, Inc., Burlingame, California, U.S.A. Using this acquisition as a base, Quatrro plans to provide end-to-end fulfillment services to U.S. mortgage lenders across the United States of America.

This acquisition enhances Quatrro’s capability of end-to-end processing of high volume of mortgage loans using an onshore-offshore model. It allows Quatrro to provide world-class service at a price-point projected to be 30 per cent to 50 per cent lower than current processing costs in the United States, reflecting the superior efficiency of the acquired state-of-the-art technology platform coupled with the cost-effective onshore-offshore service solution.

Preferred Financial Group, Inc. (PFG) is a privately-held financial services corporation that originates, underwrites and funds mortgage products. The company developed its ePower proprietary mortgage technology platform to deliver fully integrated and automated underwriting, pricing and locking to enhance productivity, strengthen customer relationships, and improve quality. Following the acquisition, PFG proposes to take advantage of Quatrro’s expanded processing expertise and cost savings to serve its own customers with increased efficiency at a lower cost. It will also provide ongoing support and domain expertise to Quatrro on business development through automated tools like ePower.