Genpact to acquire MoneyLine lending services

New Delhi, July 31 (UNI) Genpact, a business services and technology solutions provider today announced it will acquire California-based MoneyLine lending services, Irvine.

''This is another great acquisition for us. Not only Genpact will share MoneyLine's values of integrity and process excellence, it would provide MoneyLine access to our global delivery capability and enables Genpact to deepen its offerings in the mortgage services business,'' Genpact President and CEO Pramod Bhasin said.

There is tremendous opportunity within this 30 billion dollar market to streamline costs and pass those savings back to the lenders and consumers, he added.

Last year, Genpact acquired Creditek, a leader in revenue cycle management and order-to-cash outsourcing services based in Parsippany.

''As Genpact Mortgage Services we will continue to provide our proven mortgage solutions with the personalised service and private-label approach MoneyLine is known for, while gaining Genpact's robust global delivery and world-renowned process tools that will give our business a much broader reach,'' Genpact Mortgage Services President and CEO Evan Gentry said.

UNI DKS RA BD1707