Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, announced today that it has been named a 'Leader' in Mortgages and Lending by NelsonHall in its 2015 report, 'NelsonHall's NEAT for Mortgage & Loan Outsourcing.'

NelsonHall's vendor Evaluation and Assessment Tool (NEAT), is part of its Speed-to-Source initiative, and is a method by which sourcing managers can strategically evaluate vendors at the onset of the screening process. Using a two-axis model, vendors are assessed against their ability to ‘deliver immediate benefit' to buy-side organizations and meet 'clients future requirements'. The latter axis is a pragmatic assessment of the vendor's ability to take clients through an innovation journey over the lifetime of their next contract. Service providers are divided into four categories: Leaders, High Achievers, Innovators and Major Players.

TCS' position as a leader was driven by its extensive experience in large-scale mortgage process re-engineering, its proprietary banking platform to provide BPaaS M&L services, and established onshore delivery presence,'' said Andy Efstathiou, director, Banking BPO research, NelsonHall. ''TCS' capabilities in M&L services have been developed with a diversified client portfolio and many consulting engagements where TCS has provided consulting roadmaps to their clients. These experiences and capabilities help position TCS for success in M&L BPO.''

Shares of the company declined Rs 32.3, or 1.25%, to trade at Rs 2,561.25. The total volume of shares traded was 19,066 at the BSE (12.27 p.m., Tuesday).