US firm Consolidated Analytics to establish center in Chennai
Chennai: US mortgage service provider Consolidated Analytics has expanded into India with the launch of two new Centers of Excellence in Chennai and Pune for an investment of approximately $5 million.
The company plans to hire up to 500 new employees at its Chennai and Pune sites by the end of the year, in roles including mortgage processing, underwriting, securities services, accounting, digital mortgage solutions, artificial intelligence and IT infrastructure management.
Consolidated Analytics’ Indian locations will be led by Saravanan Thambusamy, a senior executive with more than 30 years of leadership experience in IT infrastructure, software development and business process services, the company said. The Indian teams will focus on accelerating the application of artificial intelligence (AI) and robotic process automation (RPA) in due diligence and other mortgage processes, he added.
The addition of global teams and capabilities will help meet growing customer demand for its real estate finance and analytics services, the company said. It has increased its US workforce from 25 US-based employees in 2019 to approximately 500 employees currently.
“A highly experienced team of mortgage technology and process talent in India will help streamline and simplify time-consuming mortgage processes and maximize human capital where it matters most,” said CEO Arvin Wijay.
Services offered by Consolidated Analytics include real estate valuation and analysis services, mortgage loan processing and underwriting, advice and consultancy, real estate asset management, and business process services for the creation and mortgage loan default.