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iGate enhances share in US mortagage company

Written by: Staff
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New Delhi, July 3: iGate Global Solutions Ltd today enhanced its equity stake in the US-based Loan Pro LLC (LP) to 60 per cent for an undisclosed amount.

The company had acquired 5 per cent stake in LP in April.

This investment would help the company's vision to enhance its presence in the mortgage space and become a leading iTOPS (integrated Technology and Operations) player.

LP is engaged in mortgage origination related services. It focuses on the mid-market mortgage segment and operates on a shared services model using its proprietary technology platform.

UNI

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