CGI Launches Loan Modification Service for Banks


Fairfax, Virginia (Vocus) March ten, 2009

CGI Group Inc. (TSX: GIB.A NYSE: GIB), a leading provider of data technologies and business process services, nowadays announced its Loan Modification Service, a company processing service to give banks and loan servicers with the capacity to manage high volumes of loan modifications swiftly and regularly.

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The new Home owners Affordability and Stability Strategy qualifies an estimated 3 – 4 million at-risk American homeowners for mortgage loan modification to stop foreclosure. With tight government oversight and mounting consumer pressure, the job of loan modification presents servicers with several challenges. CGI brings with each other more than 30 years of knowledge in customer credit management and government regulatory compliance and economic accounting capabilities to deliver an integrated, end-to-finish remedy for loan modification operations.

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“Numerous monetary institutions and loan servicers require aid to deal with the surging volume of loan modifications in a timely and suitable manner,” said Donna Morea, President of CGI, U.S. “CGI’s Loan Modification Service helps monetary institutions meet these challenges and hold home owners in their homes, while offering the accuracy, transparency and accountability essential in today’s environment.”

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CGI’s Loan Modification Service delivers the comprehensive infrastructure and assistance sources essential to speedily service big volumes of loan modification requests, minimizing startup time and capital investment making use of a benefits-funded strategy. The service, offered out of CGI’s U.S. enterprise process service centers, includes skilled mortgage and credit staff supported by CGI’s sector-top Enterprise Credit suite of company applications and delivers every single aspect of loan modification operations, including loan evaluation, client interaction and on-going loan modification monitoring. CGI’s hugely automated strategy makes use of optimization strategies and sophisticated selection analytics capabilities to maximize portfolio worth, and decrease losses and recidivism.

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For much more than 30 years, CGI has offered IT, company approach and managed solutions to financial institutions and the U.S. federal government, which includes 24 of the prime 25 banks in the Americas, 17 of the best 25 European banks, and more than 100 U.S. federal government agencies.

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About CGI&#13

Founded in 1976, CGI Group Inc. is a single of the biggest independent information technologies and organization approach services firms in the world. CGI and its affiliated organizations employ around 25,000 experts. CGI provides end-to-end IT and business procedure services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as properly as from centers of excellence in North America, Europe and India. CGI’s annual income run price stands at $ four. billion and at December 31, 2008, CGI’s order backlog was $ 11.4 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are integrated in the S&ampP/TSX Composite Index as properly as the S&ampP/TSX Capped Information Technology and MidCap Indices. Website: http://www.cgi.com.

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