Financial Services / Loan Management Platform
No-code delivers faster loan processing
While traditional software development would have been the standard approach, budget limitations and lack of internal IT support made this approach too costly and impractical. Additionally, time to market was a critical factor. The traditional approach would require time to stand up a large team of specialists including a cloud architect, security, application developer, API integration architect, data architect, QA, BA, and UI/UX developer.
This Mortgage Lending Company enlisted the CitizenDeveloper no-code platform, to create a cost-effective solution that was secure and compliant.
Cost concerns and limited IT involvement made this an ideal use case for no-code. The rapid application development environment lent itself to the time-to-market requirement, empowering the client to work over-the-shoulder with the application developer in real-time.
The no-code approach allowed the client to see actual results within a few weeks. Cloud infrastructure, security, data architecture, and SLAs are built-in and provided under an annual consumption subscription model. This alleviates the need for an internal IT department resulting in considerable savings, freeing up financial resources to put toward specific business outcomes.
In the highly competitive space of mortgage financing, this company needed to process loans faster and leverage automation while providing the best customer experience for independent brokers and borrowers.
A proper solution would require features such as borrower onboarding, profile management, back-office processing, loan servicing, data exports, and CRM integration.
Mortgage Lending company specializing in refinance and fix & flip markets working through a network of brokers and partners.
What others are saying about CitizenDeveloper
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