SOURCE: Pegasystems

Pegasystems

September 22, 2011 09:00 ET

Pegasystems Advanced Technology Recognized for Customer Service in Lending

Pegasystems Named a "Top Service Provider" for 2011 by Mortgage Technology Magazine; Solutions to Be Demonstrated at MBA's 98th Annual Convention

CAMBRIDGE, MA--(Marketwire - Sep 22, 2011) - Pegasystems Inc. (NASDAQ: PEGA), the leader in Business Process Management (BPM) and software for customer centricity, today announced it will demonstrate its industry leading solutions for lenders at the MBA Annual Convention on Oct. 9 in Chicago. Building upon a 28-year heritage helping financial institutions adapt to changing market demands and regulations, Pega was recently named as a "Top Service Provider" for 2011 by Mortgage Technology Magazine.

Pega's lending solutions enable lenders and servicers to become more effective and easier to do business with. The solutions diminish error rates and can be deployed in as little as 90 days. Pega's Loan Loss Mitigation offering improves throughput by up to 150 percent, enabling better quality control, greater visibility into operations and increased productivity across a broad spectrum of lending -- including origination, loss mitigation and foreclosure. Today's lenders are challenged to effectively navigate several government-sponsored programs such as Second Lien Modification Program (2MP), the Home Affordable Foreclosure Alternatives Program (HAFA) and Home Affordable Modification Program (HAMP). Pega's technology is designed to help effectively manage and navigate ongoing regulatory changes.

Pega's lending-focused solutions to be shown at MBA include Loan Loss Mitigation™, Origination, and Pre-Foreclosure. These solutions:

  • Accelerate operational controls and process efficiencies that have evaded existing mortgage technology platforms and operations;
  • Integrate with existing origination application(s) and servicing application(s) to quickly deliver tangible results;
  • Deliver an unprecedented level of flexibility that puts change into the hands of business owners, with solutions that can run on the cloud and on-premise.

Quotes & Commentary:

Michael Smaney, Principal, Lending Solutions, Pegasystems
"Given the accelerating pace of change and increased oversight in the industry, lending and servicing organizations need to become more agile in order to prosper. To be successful, they need to apply advanced technology to transform lagging operations into important business assets. In an industry laden with error-prone, paper-based processes, this is crucial."

Supporting Resources:

To learn why Pegasystems is the operational control "go-to" vendor, please contact Stephen Chu at 617-866-6958 or Stephen.chu@pega.com to arrange a meeting with our lending team at the MBA event.

To see more information about Pega's lending solutions, visit: http://www.pega.com/solutions/by-industry/financial-services/loan-loss-mitigation

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About Pegasystems
Pegasystems, the leader in business process management and software for customer centricity, helps organizations enhance customer loyalty, generate new business, and improve productivity. Our patented Build for Change® technology speeds the delivery of critical business solutions by directly capturing business objectives and eliminating manual programming. Pegasystems enables clients to quickly adapt to changing business conditions in order to outperform the competition. For more information, please visit us at www.pega.com.

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