Bangalore: India based IT/BPO companies are strategizing to increase their revenues through mortgage process outsourcing. According to a global analyst firm HfS Research report, this year the revenue is expected to increase from $158 million to $316 million, reports Shilpa Phadnis of Times of India.

In India, banks and financial institutions have come up with a whole new range of policies and operations to provide mortgage services as the number of mortgage default rates are increasing and even the mortgage authorities in U.S. are enforcing strict verification processes to secure a mortgage. Indian banks and financial institutions are providing services like loan verifications to protect the mortgage, certification for claims and counter claims, and other related services. These mortgage companies are concentrating on improving their business by providing new loans and at the same time outsource documentation for third parties among which many are Indian IT/BPO vendors.

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