Analyst Firm Name
Everest Group
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For this study, Everest Group assessed 30 leading lending services providers and has named HCLTech as a Leader. As per Everest Group, Leaders possess a broad set of capabilities across the lending value chain originations, servicing, and collections.
Key Highlights of the report:
- HCLTech lending operations is globally distributed across North America, the UK, Europe, and APAC. It also benefits from having a wide presence in the UK market, especially through legacy Irish operations
- Despite having midsize lending operations, it is one of the few firms that has been growing despite the downturn in the mortgage industry
- Clients have highlighted flexibility in problem-solving and resourcing, expertise in the lending domain, and overall relationship management as key strengths
- It has highlighted its investment in hyper-automation initiative called digitalCOLLEAGUE, which leverages and utilizes domain-functional analytics levers to simplify operations
- HCLTech continues to have investments in multiple areas including LoanLogic for origination, automation in the mortgage through MOZAIQ partnership, and Exacto for data extraction
- Extensive operates in mortgage, additionally it has revenue stream deriving from different lending operations such as retail, commercial, student and automotive lending
For this study, Everest Group assessed 30 leading lending services providers and has named HCLTech as a Leader. As per Everest Group, Leaders possess a broad set of capabilities across the lending value chain originations, servicing, and collections.
Key Highlights of the report:
- HCLTech lending operations is globally distributed across North America, the UK, Europe, and APAC. It also benefits from having a wide presence in the UK market, especially through legacy Irish operations
- Despite having midsize lending operations, it is one of the few firms that has been growing despite the downturn in the mortgage industry
- Clients have highlighted flexibility in problem-solving and resourcing, expertise in the lending domain, and overall relationship management as key strengths
- It has highlighted its investment in hyper-automation initiative called digitalCOLLEAGUE, which leverages and utilizes domain-functional analytics levers to simplify operations
- HCLTech continues to have investments in multiple areas including LoanLogic for origination, automation in the mortgage through MOZAIQ partnership, and Exacto for data extraction
- Extensive operates in mortgage, additionally it has revenue stream deriving from different lending operations such as retail, commercial, student and automotive lending