ClosingCorp Announces Integration with Wipro Gallagher Solutions

SAN DIEGO--()--ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, today announced that it has integrated its SmartFees® service with Wipro Gallagher Solutions (WGS), a Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) company and a leading provider of loan origination software (LOS) solutions. This integration will now provide lenders using Wipro’s NetOxygen LOS platform with instant access to SmartFees’ real-time third-party provider rates and fees covering over 20,000 service providers.

ClosingCorp’s SmartFees integrates loan file information, transfer tax and recording data, service provider fees from more than 70,000 rate cards, and lender business rules and requirements into a single, seamless process and platform—allowing clients to originate mortgages confidently and compliantly.

This integration enables our NetOxygen LOS to provide our clients with easily delivered real-time, accurate rates and fees for loan estimates and closing documents while streamlining the lender’s workflow,” said Scott Dunn, Head of Product Management and Strategy, Wipro Gallagher Solutions, Wipro Limited. “Being able to leverage SmartFees will also enhance our ability to deliver a higher, dependable level of compliance while lowering our exposure to potential TRID violations from the beginning of the loan origination cycle.”

Integrating our configurable fee solution with Wipro enables a compliant environment while creating a much more efficient and transparent experience across the board,” said Bob Jennings, CEO of ClosingCorp. “Our mutual customers will find this integration makes it easier than ever for them to move loans forward with fewer manual touches—reducing operating costs, mitigating risk and further improving the consumer experience.”

About ClosingCorp

Headquartered in San Diego, Calif., ClosingCorp owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technologies, and strong alliances, the company delivers timely, accurate, and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies, and real estate professionals. Clients rely on ClosingCorp to help improve efficiencies and mitigate risk. For more information, please visit www.closing.com.

About Wipro Gallagher Solutions

Wipro Gallagher Solutions’ NetOxygen is fueling the future lender with its truly digital loan origination solution. With NetOxygen, lenders can leverage a workflow-driven, multi-asset, multi-channel, flexible, best in class POS to closing solution, with unparalleled borrower and colleague experience. Wipro Gallagher Solutions provides retail, wholesale, correspondent, and consumer lenders with a powerful origination platform that drives profitable lending anytime, anywhere. Wipro Gallagher Solutions is a Wipro Limited company. For more information, please visit www.wipro.com/gallagher.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting, and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics, and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability, and good corporate citizenship, we have over 170,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Contacts

MEDIA CONTACTS:
Bill Campbell
Campbell Lewis Communications
212.995.8057
bill@campbelllewis.com

Carol Crawford
ClosingCorp
858.352.7434
ccrawford@closing.com

Contacts

MEDIA CONTACTS:
Bill Campbell
Campbell Lewis Communications
212.995.8057
bill@campbelllewis.com

Carol Crawford
ClosingCorp
858.352.7434
ccrawford@closing.com