Qatrro acquires mortgage technology platform of PFG

Bangalore, Aug 7 (UNI) Quatrro Mortgage Solutions, a subsidiary of Quatrro BPO Solutions, founded by Mr Raman Roy today announced the acquisition of the mortgage technology platform and onshore-offshore loan processing operations of California based Preferred Financial Group, Inc (PFG).

Using this acquisition as a base, Quatrro plans to provide end-to-end fulfillment services to US mortgage lenders across the United States of America, the company said in a release.

The acquisition enhanced Quatrro's capability of end-to-end processing of high volume of mortgage loans using an onshore-offshore model.

It allowed Quatrro to provide world-class service at a price-point projected to be 30 to 50 per cent lower than current processing costs in the United States, reflecting the superior efficiency of the acquired state-of-the-art technology platform coupled with the cost-effective onshore-offshore service solution.

The release however has no mention about the cost of acquisition.

''This coming together of two successful organisations with talented people and great business acumen is in line with our creating value by innovation strategy, which involves attracting and supporting entrepreneurial management teams by building high-end third party businesses in underserved and uncontested market spaces,'' the release said quoting Mr Roy.

UNI