Infosys, a global leader in digital services and consulting, has joined forces with Better Home & Finance Holding Company to introduce Mortgage as a Service (MaaS). MaaS is an all-in-one digital mortgage platform designed to enhance mortgage operations for organizations.
The Infosys-Better white-labelled MaaS offers a revolutionary solution for mortgage operations. Better’s advanced digital technology encompasses various stages, from point of sale and pricing to underwriting, loan origination, closing, funding, and investor sale—all within a cloud-native framework. Notably, Better has successfully funded over $100 billion in fully digital loans, earning recognition as the #1 Digital Mortgage Platform by J.D. Power through their client Ally.
Infosys, a major digital service provider to mortgage firms globally, is committed to enhancing technology and operations. Leveraging its digital-first, cloud-first, and AI-first approach, Infosys is well-positioned to help clients quickly harness the benefits of Mortgage as a Service.
“Our strategic collaboration with Better helps us deliver best-in-class digital mortgage services to our customers in a highly innovative, scalable and cost-efficient manner,” said Glenn Brunker, Head of Ally Home, a top-rated national digital lender who has collaborated with Better since 2019. “Leveraging Better’s digital platform has also helped us limit operational volatility as the mortgage industry continues to evolve in the current interest rate environment.”
Henry Cason, CEO, Finlocker, said, “Infosys has deep expertise in the mortgage process and delivering large and complex programs for us while reducing transformation risks. This Mortgage as a Service solution, along with Infosys’ expertise, has the potential to help firms embrace a more efficient digital and automated approach to running business operations.”
Dennis Gada, EVP and Global Head – Financial Services, Infosys, said, “Infosys is a global leader in lending and mortgages. Through our AI-driven operations, we help clients originate loans at significantly lower costs than the industry average. Infosys and Better offer Mortgage as a Service that will allow us to bring to our clients integrated operations and technology with significant productivity benefits.”
Vishal Garg, CEO & Founder, Better, said, “In a market saturated with legacy products that inhibit digital transformation and lead to great inefficiencies and high costs, Infosys and Better offer increased multi-fold mortgage originations at unprecedented speed.”