NetOxygen Enterprise is an award-winning digital mortgage loan origination software. Here is everything you need to know
NetOxygen Enterprise is an award-winning digital mortgage loan origination software that streamlines the end-to-end mortgage lending process. Not only can it process a higher volume of home loans more quickly, but it can also improve client satisfaction and help you earn more profits.
But what exactly does NetOxygen do? What are NetOxygen’s key features and benefits? In this article, you will learn the answers to these questions and more, which should help you determine if this is the right LOS for you.
What is NetOxygen Enterprise used for?
Built by mortgage lending and technology experts with over 35 years of experience, NetOxygen Enterprise loan origination solution is an award-winning digital mortgage origination solution that offers smart configuration, automation, and seamless access to emerging tools, which fully prepares you for next-generation lending.
NetOxygen allows you to experience a true digital mortgage solution that processes home loans more quickly, with better customer satisfaction, while earning profitable results. This loan origination software is designed to help businesses and mortgage companies manage lead conversions, secondary marketing processes, and document generation. How? By empowering today’s mortgage lenders with an innovative and powerful digital origination solution.
The NetOxygen platform allows managers to facilitate mortgage lending across numerous channels, including wholesale, retail, and construction. Through NetOxygen, administrators can handle mortgage processing, underwriting, funding, post-closing, and lead management processes on a unified interface. Beyond that, NetOxygen enables teams to upload documents, track the progress of home loans, and capture digital signatures.
NetOxygen LOS streamlines the end-to-end lending processes, delivering a truly digital mortgage experience. In addition to its core capabilities, NetOxygen also supports expansion to multiple channels, drives engagement through digital extensions, and allows lenders to meet innovative agendas through tailored workflows—and more.
What are NetOxygen Enterprise’s key features?
NetOxygen’s key features include quality management, customer database, loan processing, document management, and client engagement. The LOS platform enables teams to upload files and validate data to eliminate duplicated entries on a unified interface. It also allows managers to process, underwrite, fund, and close non-real estate and home equity line of credit (HELOC) loans.
Mortgage borrowers can also auto-populate information on credits, employment, and assets to update uniform residential loan applications, otherwise known as URLAs.
What is NetOxygen Business Suite?
NetOxygen Business Suite streamlines communication between the mortgage lender and its wholesale and correspondent partners to increase business loan transactions and accuracy.
Some key features of NetOxygen Business Suite include the following:
- Private label branding
- Pipeline view, status, and dynamic pricing information for sellers
- Rate locks and automated lock confirmations
- Faster registration, pricing, and home loan scenarios
- Partner access to critical interfaces
- File intake and acceptance with imaging integration
- Real-time stipulation management and image upload
What is NetOxygen SaaS?
NetOxygen brings an enterprise class LOS on demand to mortgage lenders that are growing and focused on mortgage origination and closing loans. NetOxygen SaaS helps mortgage lenders reduce origination costs and increases production efficiency through automation, as well as enable faster scalability and deployment.
Some key features of NetOxygen SaaS include the following:
- Originate all products available on NetOxygen LOS
- Task-based workflows for loan assignment through automation triggers
- Complies with federal regulations
- Digital platform integration for borrowers and loan officers
- Streamlined on-boarding process
- Tools that are self-service and allow ultimate flexibility and maintenance using lender staff
- Pay as you grow approach
What are the benefits of using NetOxygen?
There are numerous benefits to using NetOxygen LOS, including automation, smart configuration, and access to emerging digital tools that can help you stand out with clients and prepare you for next-generation lending.
NetOxygen LOs is an award-winning, web-based platform that drives profitability and client-centric lending anytime and anywhere. The core features offered through NetOxygen enable lenders to streamline end-to-end processes, elevate manufacturing quality, increase efficiencies, and improve the entire experience for borrowers.
In addition to its core capabilities, NetOxygen also supports expansion into different channels, drives engagement through digital extensions, and enables lenders to meet innovative agendas through tailored workflows, web-based APIs, and third-party integrations.
Let’s take a look at the core benefits of NetOxygen:
- Increasing efficiencies
- Automating processes
- Eliminating manual tasks
- Safeguarding compliance
To see if this is the right LOS for you, let’s take a close look at each of the benefits that NetOxygen has to offer:
Increasing efficiencies
When we say increased efficiencies, we mean limiting duplicating data entry. NetOxygen achieves this by auto-populating key forms to eliminate redundancies, validate data, and accelerate turnaround times.
Automating process
Through NetOxygen, you can automate quality management and origination workflows to cut down on processing time—and reduce the costs of each loan.
Eliminating manual tasks
When you go with NetOxygen, you can eliminate the clutter on your desk and drive a completely digital experience, using e-Disclosures and e-Signatures enabled within NetOxygen.
Safeguarding compliance
NetOxygen can also give you peace of mind by minimizing risks that are costly. NetOxygen addresses key mortgage industry compliance changes and incorporates the most recent security measures into its operations.
NetOxygen Enterprise: Company overview
Headquarters: Palmetto Bay, Florida
Number of employees: 249
Industry: Loan origination software
Revenue: $37 million per year
Key people: Thierry Delaporte, CEO and managing director of Wipro (which owns NetOxygen)
Competitors
If you are curious about how NetOxygen Enterprise compares to other options in the loan origination software market, here are some alternatives worth exploring:
- Calyx
- BankPoint
- Newgen Software Loan Origination System
- Finflux
- Floify
- TurnKey Lender
- LendingPad
- Mortgage Automator
- i-Apply
- Encompass360
NetOxygen Enterprise review: Final thoughts
With roughly 250 employees and a revenue of $37 million per year, Wipro-owned NetOxygen Enterprise has become a key player in the loan origination software space. NetOxygen Enterprise’s software has helped countries around the world improve their loan origination process for the past 35 years.
As loan origination software, NetOxygen Enterprise offers numerous features that can instantly make life easier for mortgage lenders of all types. Your choice on whether it will work for you will come down to put a loan in the right borrower’s hands—with the right terms. If you still feel that you need more options, our mortgage software reviews section has plenty of options for you to look over.
Do you have experience using NetOxygen Enterprise? Do you think it is an effective loan origination software? Share your NetOxygen Enterprise review in our comments section below.
