Business Challenge
- Large volume of loan data to be moved between systems
- Documents and data shared between several proprietary systems handling loan origination and servicing
- Compatibility issues between various systems
- Complex business rules for transformations and merging
- Data vulnerability during transfer from premise
to the cloud - Data protection in the cloud & external servers
Objective
To offer a flexible architecture and functionality, making it easy for mortgage lenders to integrate their systems and to implement automation into their processes and to ensure that data is transformed, transferred & stored securely
Solution
- Scheduled and automated export/import of loans
- Support for various source and destination systems (such as Encompass, FIS, SLS etc.)
- Mutli-tenancy and subscription based platform
- Export/Import of loan data and documents between various
systems - Robust error handling, logs, status updates and reports
- Data encryption for customer data privacy
Distinctive Features
- Loan Origination System (LOS) integrations
- Filter module to filter out different types of loans
- Configurable set of filters for each company/servicer
- Auto trigger module for loan processing
- API setup options to loan & documentation systems
- Email & error notification
- Automated PDF document merges
- Document rule setting
- Email templates for notifications
- Details event/error logs and notifications
Results
Now, lenders can automatically transfer data and documents between various systems for a large number of loans. They can control the transfers through configuration, look at logs and receive updates & reports of the transfers.