Loan Management System

Industry: FinTech
Location: USA

Introduction

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 perform calculations through loan management software solutions.

Both Buyers and Realtors love the digital platform because it empowers them to expedite the purchase process using an advanced loan management system in this aggressive real estate market.

Technologies Used

Ruby on Rails 5
Ruby 2.3
Redis Server
JavaScript
JQuery

Services Provided

Web Development
Software Testing
Support & Maintenance

Business Problem

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.

Solution

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.

Features

Have a look at the top features that our developers incorporated into the loan management dashboard.

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.

Dashboard

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.