Genpact, a global player in business process and technology management, has acquired High Performance Partners, LLC (HPP) and its Quantum Mortgage Technology. Genpact had previously announced an initial equity investment in HPP in March 2010 and now owns 100 percent of the company.
Genpact Limited G +2.70% , a global leader in business process and technology management, today announces that it has acquired High Performance Partners, LLC (HPP) and their Quantum Mortgage Technology. Genpact had previously announced an initial equity investment in HPP in March 2010 and now owns 100 percent of the company. Genpact will leverage the Quantum software platform to support its Mortgage Business Process as a Service (BPaaS) offering. The Quantum platform helps originators and lenders to automate and streamline major elements of the loan origination process, resulting in a shorter loan lifecycle and a more transparent mortgage asset.
Quantum’s software platform combines automated decisioning and highly efficient processing with its data-centric approach, leading to the effective use of data for more accurate underwriting. Roger Hull, founder and CEO of HPP, will lead the ongoing development of Quantum for Genpact as vice president of Genpact Mortgage Services. He has more than 27 years of real estate finance, information technology and executive leadership experience. In addition to founding HPP, Hull held several executive positions with First American Corp., where he provided technology leadership as the executive vice president and CIO, including a platform that provided third party provider products to over 3.6 million loan transactions per year. Hull also holds three patents as a co-inventor in the areas involving eData, eProcessing, and straight through processing.
“Mortgage lenders are shifting away from document-centered mortgage technology to data-centric processes that will enable significant process streamlining,” Hull said. “Through Quantum, Genpact is providing an innovative data-centric, mortgage technology platform that will provide lenders with efficient workflows and investors with more transparent risk information.”
“We’re thrilled to have Roger’s expertise in developing systems that change the way lenders operate to substantially reduce process time and costs, while adding controls and the transparency required in the new mortgage environment,” said Scott McConnell, senior vice president, Americas Operations Leader for Genpact. “With our combination of integrated technology, processing services expertise, and data insights, Genpact’s end-to-end services are uniquely positioned to help our mortgage clients make smarter decisions, resulting in improved business outcomes.”
Genpact, a global leader in business process and technology management services, provides the science behind superior business processes. Genpact’s unique process thought leadership captured in its Smart Enterprise Processes (SEP(SM)) framework, combined with deep industry domain expertise, delivers better business outcomes across the enterprise, rather than simply providing efficiency gains within a single function. Driven by a passion for process and operational excellence based on its Lean and Six Sigma DNA, Genpact’s 51,000+ professionals around the globe deliver world-class business process management services. Genpact also enables companies worldwide to make smarter decisions, helping them to drive revenue growth, compete more successfully, mitigate risk effectively, and improve operating margins and working capital. Genpact’s Smart Decision Services deliver business insights to its clients through targeted analytics, reengineering expertise, and advanced risk management for better business decisions. And finally, Genpact makes technology more intelligent by embedding it with these process and data insights. Genpact delivers all of these solutions everyday to its more than 600 clients — from a network of 51 delivery centers across 17 countries supporting more than 25 languages. For more information, visit www.genpact.com . Follow Genpact on Twitter, Facebook and LinkedIn.
SOURCE: Genpact Limited