Loan Management Platform
- Industry: Fintech
- Location: USA
The solution is an easy-to-use application developed for Loan Officers. It facilitates the sales process by allowing homebuyers to create on-demand (fully branded) pre-approval letters and loan calculations.
Both Buyers and Realtors love the application because they now have the power to expedite the purchase process in this aggressive real estate market.
- Ruby on Rails 5
- Ruby 2.3
- Redis Server
- Web Development
- Software Testing
- Support & Maintenance
The current process of manually creating pre-approval letters for loans is challenging. It is slow and painful for all the stakeholders involved in the process. The current processes translate to lost opportunities for Buyers and Realtors equally.
- Loan and Mortgage is a new domain for us to work in. We understood the domain and coded the app to enable the client to better manage their pre-approval process.
- Our team conducted complex calculations to create a solution where homebuyers could easily generate pre-approval letters and simplify the sales process.
- On the other hand, we enabled realtors and buyers to ease the process of purchase. Buyers can access the application through a password send by their Loan officer and can send the letter directly to their realtor.
Have a look at the top features that our developers incorporated into the solution.
Create Personal Profile
Loan officers can create their fully branded account with their logo and digital signature and insert their details in the profile for a full summary.
Loan officers get a dashboard to enter buyer details including their loan amount, interest rate, loan type, etc. and send email to customers with a password.
Updated Interest Rates
The app automatically updates the interest rates on a weekly basis so both the loan officers and buyers don't have to worry about it.
Pre Approval letters
Homebuyers can get a pre-approval letter for their loan amount by clicking on "Estimat monthly payment and send the letter directly to the realtors".