Infosys, Mortgage Movement ink six-year Digital Transformation Deal

US mortgage bank, Movement Mortgage, has selected Infosys for its IT as a service and digital transformation services.

Infosys revealed that its digital solutions would help the US bank to keep pace with the technical requirements. The six-year deal will also help Infosys to cement its position as one of the leading digital transformation services provider in the US Mortgage industry, notes the announcement.

Executive Opinion

CEO, Movement Mortgage, Casey Crawford, said, "Movement Mortgage is committed to providing loan officers, real estate agents and our borrowers with technology and digital infrastructure that delivers an innovative, user-friendly experience on every platform and in every channel, both today and in the future. We’re pleased to have selected Infosys as our strategic partner across these key business functions. Infosys’ expertise in digital transformation, cloud technologies, and mortgage, and retail lending will help Movement continue to spearhead industrywide transformation that improves the mortgage experience for everyone and makes the dream of homeownership more accessible than ever before."

President, Infosys, Mohit Joshi, said, "At Infosys, we have pioneered IT as a service for the financial industry by providing our clients with unique, industry-focused solutions as they embark on their digital transformation journeys. Our collaboration with Movement Mortgage sets the stage for a new era of mortgage services, and we couldn’t be more excited to bring our collective expertise together in this next phase."

Infosys's Digital Transformation Services

The Movement Mortgage bank has a network of around 650 locations spread across the 47 states in the entire US.

The partnership will now be going to make sure the smooth transition of the business models in the company transformation projects apart from using the bank financial technology services to develop the mortgage industry-specific solutions for the Infosys customers, said the announcement.
As of now, Infosys is in the middle of the whistleblower controversy after an anonymous group accused the company of inflating its profit numbers. However, today, Infosys management has termed the whistleblower complaints as mischievous.

Previously, Infosys and Microsoft had partnered for the Digital Transform of JG Summit Holdings to implement and migrate to the Microsoft Azure cloud platform.