To provide a secure online portal for loan applications and communications with
mortgage originators and to reduce the overall time required to submit an application
whilst reducing the errors associated with data re-entry. The platform also needed
to be flexible enough to cater for market shifts allowing for simple configuration
changes that supported the current market conditions.
The project involved the design, development and implementation of a web portal,
wizard based loan interface with tight integration to the back-office and reporting
systems. The resultant application dramatically improved loan application times
whilst providing a dynamic business object layer that allowed RESIMAC’s staff to
fine-tune the behaviour of the wizard without core system alterations.
All applicants are now recorded against the loan, along with loan security details
(all property, land etc) and any possible credit impairments (bankruptcy, writs
& summons) for each loan applicant. The portal also provides home loan serviceability
reviews along with loan terms, applicant verification mechanisms, interest rate
simulators and property valuation reports plus a pipeline summary and originator