Genpact acquires High Performance Partners

NEW YORK: BPO major Genpact on Monday said it has acquired 100 per cent stake in High Performance Partners (HPP), a US-based company developing software platforms for the mortgage industry, for an undisclosed amount.

In March last year, Genpact had announced an initial equity investment for an undisclosed sum in HPP.

Genpact will leverage HPP's Quantum software platform to support its Mortgage Business Process as a Service (BPaaS) offering.

Roger Hull, founder and CEO of HPP, will lead the ongoing development of Quantum for Genpact as Vice-President of Genpact Mortgage Services.

The Quantum platform helps originators and lenders to automate and streamline major elements of the loan origination process, resulting in a shorter loan life-cycle and a more transparent mortgage asset.

"We're 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," Genpact senior vice president (Americas Operations Leader) Scott McConnell said.