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Infosys BPO Ltd., the business process outsourcing subsidiary of Infosys Technologies, announced on Tuesday its alliance with MortgageFlex Systems, Inc.
The alliance focuses on the support of US loan servicing loan modification initiatives as defined under the Home Affordable Modification Program or alternative loan modification programs, Bangalore-headquartered Infosys said.
MortgageFlex Systems is a leading origination and servicing technology solutions supplier for the US mortgage industry.
Founded in 1980, MortgageFlex has a long tenure of providing creative and comprehensive answers for industry issues, according to Infosys.
The Infosys-MortgageFlex collaboration offers a combination of loan modification services, focusing on document reviews, payment plan creation, underwriting modifications and closing services while utilising innovative technology solutions in a hosted environment, it said.
"A partnership with MortgageFlex allows us to provide a unique offering to the US market. The combination of process capabilities and technology will allow lenders to compete effectively given emerging market dynamics", said Ritesh Idnani, Head Worldwide Sales and Marketing and IBU Head, BFSI, Infosys BPO.