As the mortgage industry slows and consolidates, outsources service providers are becoming critical to maintaining cost-effective operations — Cranbury, New Jersey Visionet Systems said Wednesday that its business process outsourcing operations have grown significant as a result of the industry shift, and that as a result it has moved to a newer and larger premise in Bangalore, India. Most of the company’s growth in the BPO business is centered in knowledge-based services such as high-cost lending auditing, tax searches, title policy production, lien release, loan boarding and repurchase management, it said in a press statement. “The growing demand for outsourcing capabilities with equal or better quality at discounted costs has helped drive our successful growth,” said Soni Rahman, CEO of Visionet Systems pl, the company’s India-based operation. “We are anticipating record growth in 2008.” For more information, visit http://www.visionetsystems.com.
Most Popular Articles
The average U.S. rate for a 30-year fixed mortgage fell to 3.33% this week, according to Freddie Mac, as the Federal Reserve’s bond-buying program created demand for securities backed by home loans.
The statement asks the government to provide the “final piece of the puzzle” – a liquidity facility for single-family and multifamily servicers.