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An Irvine mortgage loan processor has tapped into an increasingly common source to help clients cut costs: India.
Equinox Corp., which launched three years ago, has 500 workers in India, with eight people at its Irvine headquarters.
The company, which provides loan processing, customer service and lead generating services, was bought late last year by Indian outsourcing firm i-Flex Solutions Ltd.
Equinox can handle 32 different mortgage operations for clients who want to outsource, said Chief Executive Don Ganguly.
I-Flex has customers in banking and other financial services markets. Its annual revenue is about $260 million.
Equinox has boosted its India facilities from 25,000 square feet to 40,000 square feet since its founding. That's enough room for 750 employees. Ganguly said he hopes to add another 60,000 square feet or so by early next year to handle more growth.
"We're at the tip of the iceberg," he said.
Ganguly said the ties to i-Flex have made it easier for Equinox to attract banking clients, which...