The race is on! While traditional Mortgage Loan Originators are rushing to complete bold modernization projects before the rates increase, cloud-native startups are nipping at their heels.
On the front lines, you need to provide quick and easy digital customer experiences. That means manual processes are out, one-stop loan applications and self-service bots are in. However, at the infrastructure level, modernization is more complex.
An integrated digital loan platform and open APIs can help you achieve this level of transformation. However, if your organization lacks the expertise, you’re at a competitive disadvantage. You need a trusted partner who knows fintech inside out.
Digital Product Engineering Services & Solutions for Mortgage
Digital Product Engineering Services & Solutions for Mortgage
Legacy Modernization
- Application modernization and cloud-enablement
- Custom API and process design to integrate industry packages with in-house proprietary systems
- Customer onboarding on new digital loan origination platform
- Legacy product maintenance during digital transformation
- Digitizing post-loan servicing such as payments and refinancing opportunities for lenders
Encompass Experience
- Encompass customizations, rules refactoring, process validation, etc.
- Encompass Developer Connect component implementation
- Encompass Loan Origination System (LOS) APIs and integrations
- Compliance updates and automation - HMDA, URLA, KBYO2, VA Circulars, HELOC
AI/ML Based Solutions for Decision Support
- SmartCapture solution to rapidly scan and check high-volume support documents
- X·CELERATE eKYC solution to facilitate onboarding and compliance-related decision making with actionable data
- Automated and customizable, rule-based engines for valuations and risk assessment
Mortgage Origination & Servicing Software Development
- Custom development of loan origination systems and servicing portals to enable digital application, processing and e-closing
- Direct data aggregation and synchronization across sites, systems, channels, etc.
- Automation of underwriting, credit pull, loan servicing, conditions tracking processes
- Omni-channel UI/UX for productive and consistent user experiences
- Advanced Mortgage Analytics with dashboards for borrowers and creditors
Digital Customer Experiences
- Borrowers can access digital loan applications on any device, offering paperless document processing, on demand collaboration, seamless credit ordering, real time pricing and loan options to ensure faster closing and disbursements.
- Third parties can leverage no-code customizable workflows, easy onboarding, and single system of record with LOP Connect for time/cost efficiencies.
- Loan officers improve productivity with seamless automated underwriting, customizable workflows and form builder, order and credit reports, and more.
- Developers can leverage open APIs, reference implementation, custom field and data objects to support self-service capabilities across the mortgage value chain.
WHY XORIANT ?
Xoriant’s Mortgage Industry Team has deep experience working with retail and direct lenders, as well as leading mortgage ISVs. Because we understand the market, we’ve been able to develop innovative tools, frameworks, APIs and automation solutions to accelerate Encompass implementations, ensure compliance, and reduce Loan Origination time and costs. On the front end, Xoriant engineers focus on continuously improving the borrower experience and agent productivity with modern UI/UX design and easy-to-use self-service portals. Whatever the need, our Mortgage Industry Team has a track record of delivering results.
Automated URLA compliance initiative and reduced costs.
50+ integrations, developed the interface, web accelerator and reference implementation for mortgage platforms.
Helped build next generation LOS with mortgage platform leader that processes 35% of all mortgages in the USA.
Partnered for 10+ years leveraging team of 500+ engineers.
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