Wednesday, September 19, 2007
I just got a heads-up from Infinit-O, a BPO company in the Philippines, that it is currently expanding its range of mortgage loan processing outsource services to help mortgage companies across the United States through their current turmoil. Infinit-O provides back office support primarily for the financial services and health care sectors.
Despite the negative news and forecasts for the US mortgage industry that suggest a recession is bound to happen, Infinit-O sees this period as an opportunity to build new relationships and partnerships by providing quality services at typically only 50% of the price in the US. The company believes that these are exactly what mortgage industry players need to retain their edge and remain competitive in a tumultuous market.
Infinit-O's mortgage division has already processed hundreds of wholesale and retail loans ranging from Subprime, Conventional, FHA/ Govt, Fannie Mae/Freddie Mac, HELOC's, and Alt-A in different states over the last 2 years and led the process development and optimization for 2 US-based mortgage companies.
Backed with Infinit-O's proprietary framework, ISO 9001:2000 quality and ISO/IEC 27001:2005 security standards, this combination of mortgage and outsourcing experience unprecedented in the Philippines (a prime spot in the outsourcing world), may prove to be a winning solution for the mortgage industry players.