Genpact acquires High Performance Partners, LLC (HPP)

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Genpact 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 per cent 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.

Roger Hull, Founder & 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 & 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.

Hull said, "Mortgage lenders are shifting away from document-centred mortgage technology to data-centric processes that will enable significant process streamlining. 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 are 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. 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," said Scott McConnell, Sr. VP, Americas Operations Leader, Genpact.


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