Newgen at Mortgage Bankers Association’s National Technology in Mortgage Banking Conference & Expo

Washington, DC, June 21, 2007 --(PR.com)-- Newgen exhibited its solutions for Mortgage Banking at the conference, which attracted leading senior executives, business managers, marketing professionals, and others from the industry.

The conference focused on areas such as eMortgages, eCommerce Security, Identity Theft Prevention, Web Services, Service Oriented Architecture (SOA) and Data Quality. The conference also emphasized on the importance of technology as an enabler to transform the operations from account-centric to customer-centric.

Speaking of the event Sanjay Kalra, Vice President- Business Development, Newgen Software Technologies said, “Mortgage lending is a highly regulated, data- intensive industry requiring inputs and feedback at multiple steps throughout the loan cycle. Though the processes defined are hard coded and bringing about any change is an arduous task constant process improvement is the key to beat competition and meet regulatory requirements. Newgen's BPM suite of products enables Mortgage corporations and BPOs in the mortgage space to better manage their SLAs, turn around times, productivity, capital expenses and opportunities to convert their fixed cost to a variable one.”

Newgen, a member of the MBA, has implemented its solutions at some of the largest Mortgage banks in the USA. Newgen’s solution covers the entire gamut of Mortgage Processing including Loan Origination, Underwriting, Loan Processing, Loan Closure, Funding and Servicing.

The Mortgage Bankers Association (MBA) is the national association of the USA representing the real estate finance industry. The industry employs more than 500,000 people in virtually every community in the country. The MBA is headquartered in Washington, D.C. MBA invests in communities across the nation by ensuring the continued strength of the nation's residential and commercial real estate markets; expanding homeownership and extending access to affordable housing to all Americans and supporting financial literacy efforts.

Newgen Software is a leader in the field of Business Process Management (BPM), Enterprise Content Management (ECM), Workflow and Imaging. Newgen Solutions have been deployed across 700 locations in over 25 countries. Using its software products and domain expertise, Newgen Software provides product based solutions to verticals such as Banking, Insurance, Financial Services, BPO, Manufacturing, Telecom, Airlines and Government, besides several others.

Newgen Software started in 1992. Headquartered in New Delhi, India, it has four software development centers- three in New Delhi and one in Chennai. The development centers are seamlessly linked to its facilities in the US and other parts of the world. Newgen Software is an ISO 9001:2000 and CMM level 4 company. Newgen is amongst the top 10 Software Product Companies in India, and employs more than 700 people.

Newgen Software has a fully owned subsidiary in the U.S, branch office in UK and Support offices in UAE, Dubai & Kenya. Newgen Software's partners extend its reach globally across Europe, U.S.A., Asia Pacific, Middle East, South East Asia and Africa.

Website: www.newgensoft.com
For more information, please contact:
Max Dixit
Regional Vice President
Newgen Software, Inc.
1364 Beverly Rd, Ste 300
McLean, VA 22101
703.749.2855
max@newgen.net
sanjay@newgen.co.in

Source: Newgen Software Technologies Limited

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