Infosys (NYSE: INFY) is collaborating with Better Home & Finance Holding Co. (NASDAQ:BETR, BETRW) to launch Mortgage as a Service (MaaS), an integrated end-to-end digital mortgage white-labelled platform.
According to the companies, companies that adopt MaaS “can revolutionize their mortgage operations.” MaaS combines Better’s end-to-end platform – which encompasses point of sale, pricing, underwriting, loan origination, closing, funding and investor sale – with Infosys’ proprietary digital technology.
“Infosys is a global leader in lending and mortgages,” said Dennis Gada, executive vice president and global head of financial services at Infosys. “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 and founder of Better, added, “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.”
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