Pegasystems Advanced Technology Recognized for Customer Service in Lending

CAMBRIDGE, Mass. – September 22, 2011 – Pegasystems Inc. (NASDAQ: PEGA), the leader in Business Process Management (BPM) and software for customer centricity, today announced it will demonstrate its industry leading solutions for lenders at the MBA  Annual Convention on Oct. 9 in Chicago.  Building upon a 28-year heritage helping financial institutions adapt to changing market demands and regulations, Pega was recently named as a “Top Service Provider” for 2011 by Mortgage Technology Magazine.


 


Pega’s lending solutions enable lenders and servicers to become more effective and easier to do business with. The solutions diminish error rates and can be deployed in as little as 90 days. Pega’s Loan Loss Mitigation offering improves throughput by up to 150 percent, enabling better quality control, greater visibility into operations and increased productivity across a broad spectrum of lending – including origination, loss mitigation and foreclosure. Today’s lenders are challenged to effectively navigate several government-sponsored programs such as Second Lien Modification Program (2MP), the Home Affordable Foreclosure Alternatives Program (HAFA) and Home Affordable Modification Program (HAMP). Pega’s technology is designed to help effectively manage and navigate ongoing regulatory changes.


 


Pega’s lending-focused solutions to be shown at MBA include Loan Loss Mitigation, Origination, and Pre-Foreclosure. These solutions:


 



  • Accelerate operational controls and process efficiencies that have evaded existing mortgage technology platforms and operations;

 



  • Integrate with existing origination application(s) and servicing application(s) to quickly deliver tangible results;

 



  • Deliver an unprecedented level of flexibility that puts change into the hands of business owners, with solutions that can run on the cloud and on-premise.

 


 


 


Quotes & Commentary:


 


Michael Smaney, Principal, Lending Solutions, Pegasystems


“Given the accelerating pace of change and increased oversight in the industry, lending and servicing organizations need to become more agile in order to prosper.  To be successful, they need to apply advanced technology to transform lagging operations into important business assets.  In an industry laden with error-prone, paper-based processes, this is crucial.”


 


Supporting Resources:


 


To learn why Pegasystems is the operational control “go-to” vendor, please contact Stephen Chu at 617-866-6958 or [email protected] to arrange a meeting with our lending team at the MBA event.


 


To see more information about Pega’s lending solutions, visit: https://www.pega.com/solutions/by-industry/financial-services/loan-loss-mitigation

About Pegasystems

Pegasystems (NASDAQ: PEGA) develops strategic applications for marketing, sales, service, and operations. Pega’s applications streamline critical business operations, connect enterprises to their customers seamlessly in real-time across channels, and adapt to meet rapidly changing requirements. Pega’s Global 3000 customers include many of the world’s most sophisticated and successful enterprises. Pega’s applications, available in the cloud or on-premises, are built on its unified Pega 7 platform, which uses visual tools to easily extend and change applications to meet clients’ strategic business needs. Pega’s clients report that Pega gives them the fastest time to value, extremely rapid deployment, efficient re-use, and global scale. For more information, please visit us at www.pega.com.

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The information contained in this press release is not a commitment, promise, or legal obligation to deliver any material, code or functionality. The development, release and timing of any features or functionality described remains at the sole discretion of Pegasystems, Pegasystems specifically disclaims any liability with respect to this information.

 

Press Kit

 

Media Contacts

Lisa Pintchman Rogers
VP, Corporate Communications
[email protected]
+1 617-866-6022

North America:
Sean Audet
Director, Corporate Communications
[email protected]
+1 617-528-5230

Ilena Ryan
Sr. Manager, Public Relations
[email protected]
+1 617-866-6722

Europe:
Joanna Richardson
Director, Corporate Communications
[email protected]
+44 (0) 118 9651 660

Jon Brigden
PR & Communications Manager
[email protected]
+44 (0) 118 9398 584

Pegasystems Inc.
One Rogers St.
Cambridge, MA 02142
U.S.A.
Phone +1 617-374-9600
Fax +1 617-374-9620