Financial Servicemobile and web development

Financial Service

Online marketplace that provides borrowers
with competitive, personalized loan offers from multiple,
vetted lenders in real time.

Finance

Overview

Being an independent matchmaker between borrowers and lenders, our client has created a simple online service to empower young professionals with knowledge of multiple refinancing options and to contribute in the creation of a more dynamic loans market, receptive to an informed consumer.

Engagement

Zoolatech was hired to extend client’s engineering team in October 2017. Our team was approached to work on new clients' onboarding, partnership integrations and product improvement.

Within less than one year after cooperation began, engineering team helped launching Mortgages – new vertical of business, automate engineering processes and succeed in Monolith to MicroService architecture refactoring.

FEATURED PROJECT

MORTGAGE REFINANCE AND HOME PURCHASE

Challenge: on top of the technology that powers client’s leading marketplace for student loans, student loan refinancing, and personal loans, we were challenged to build an online mortgage refinance platform and home purchase a marketplace that lets borrowers complete the entire loan origination process with any of client’s partner lenders.

technology stack

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Solution

  • 01. User registration and single sign on feature have been refactored to benefit from AWS services.
  • 02. Custom A\B testing solution providing more power and flexibility for business and data analysis.
  • 03. Modern approach to the API based on Facebook GraphQL.
  • 04. New robust integration between platform and Customer Care tools.
  • 05. Digitized mortgage 1003 paperwork
  • 06. Intelligent approach to represent user with best offers.
  • 07. Integration with domain-specific 3rd-party services and credit bureaus.
  • 08. Digitized application document upload and sign off process.

Achievements

Our solution allowed borrowers to compare the actual refinance rates in 3 minutes without leaving the site.

Our technology provided users with an option to shop and complete the entire refinance process “on the platform,” similarly to how booking is done while shopping for an airline ticket, hotel room, or buying essentials on Amazon.

We created an automated solution to collect documents such as W2s, 1099s, bank statements and tax records, making application process easier and faster than a traditional, offline one.

We digitalized document upload and sign off processes to decrease the time borrower will spend on the application.

Get in touch with us!

Whether you are looking for consulting on your product or experienced developers to extend your team, we can provide the support you need to get you to that all-important next step.

Why not get in touch with us today and find out how we can help?

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