NEW YORK, Oct 23, 2006 (BUSINESS WIRE) -- WNS Global Services (NYSE: WNS), a leading offshore business
process outsourcing (BPO) provider, today announced a new partnership
with Wells Fargo & Company (NYSE:WFC) that will allow correspondent
lenders selling loans to Wells Fargo to electronically submit the
loans via WNS' digital loan management (DLM) platform.The announcement
was made in conjunction with WNS' participation at the Mortgage
Banker's Association Annual Conference in Chicago.
"WNS' DLM solution draws on a unique combination of skilled
people, efficient processes and innovative technology to create a
platform for automating the process of loan document indexing, data
extraction, loan delivery and quality assurance," said Francesco
Paola, Executive Vice President for WNS' mortgage services practice.
"Data from the loans and the loan file images are formatted to Wells
Fargo's specifications and submitted electronically, enabling the
lender to gain efficiencies in managing its warehouse lines and
decreasing shipping time and costs."
"Partnering with WNS enables Wells Fargo to offer correspondent
lenders additional solutions that reduce costs and improve the loan
delivery process, while at the same time allowing us to be more
efficient," said Eric Stoddard, Executive Vice President for
Correspondent Business, Wells Fargo. "WNS' DLM solution will enable
our correspondent lenders to satisfy Wells Fargo's electronic loan
delivery requirements in a rapid, flexible and secure manner."
As part of its Financial Services practice, WNS delivers a wide
range of BPO solutions and technology enabled services to the mortgage
banking industry, including DLM, loan processing, underwriting,
closing, post-closing, customer service capabilities, due diligence
and servicing functions. The company, which in November 2005 acquired
Tucson, Arizona-based Trinity Partners, Inc., delivers mortgage
services to originators, servicers, mortgage investors and lender
service providers.
About WNS
WNS is a leading provider of offshore business process
outsourcing, or BPO, services. We provide comprehensive data, voice
and analytical services that are underpinned by our expertise in our
target industry sectors. We transfer the execution of the business
processes of our clients, which are typically companies located in
Europe and North America, to our delivery centers located primarily in
India. We provide high quality execution of client processes, monitor
these processes against multiple performance metrics, and seek to
improve them on an ongoing basis.
Our ADSs are listed on the New York Stock Exchange. For more
information, please visit our website at www.wnsgs.com.
SOURCE: WNS Global Services
WNS (Holdings) Limited
Aaron Hiatt, +1 212 277-8184
aaron.hiatt@wnsgs.com
or
The Torrenzano Group
Mike Geczi, +1 (212) 681-1700, Ext. 156
mgeczi@torrenzano.com