The Goals
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.
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The Solution
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.
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The Features
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
reporting.
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