Our client, a US-based IT company developing solutions for the financial industry, selected our company to build a flexible platform for mortgage loans arrangement. The idea was to create an easy-to-navigate and user-friendly system, which would ensure loyalty from both parties — lenders and borrowers.
The ultimate goal was to automate and speed up the processing of loan applications. The system is aimed to embrace the entire American market, which allows borrowers to apply for loans with no binding to the place of residence.
Extensive experience in the fintech domain and successfully completed loan management projects left no doubt that Symfa would be the best partner for the idea realization.
The client undertook the back-end part of the project, while creation of the front-end component from the ground up and API configuration were our responsibilities. The task was to develop a single client-facing part for two stand-alone applications — one intended for borrowers, the other for lenders. To enable flawless data exchange in real-time mode between the two apps, we proceeded with communication configuration through WebSync.
The working principle of a given application is based on the data a borrower provides. The more information the user is ready to make available to potential lenders, the more customized and beneficial deals banks will be able to offer.
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