Business-ChallengeBusiness Challenge


  • LTK was looking for ways to fetch real time loan offers from different lenders and to make it available to user, based on property type, location, credit score, appraisals
  • Searching for, consolidating and presenting loan eligibility and rates to consumers is time-consuming, complex & prone to human error

ObjectiveObjective


To build a highly responsive tool for borrowers to calculate & determine their mortgage loans with ease and to help them make an informed decision on the basis of a few basic details

SolutionSolution


  • Riverstone team has built a Loan Rate Calculator, using a service-oriented architecture allowing lenders (third party companies)
  • The tool performs complex rate calculations for various rates & fees and sources information from other loan product information providers such as Optimum Blue
  • It supports multi-tenancy by allowing various vendors to create or source their loan products for their own customers
  • Lenders can integrate/embed the tool in their loan application websites
  • Ability to integrate with third-party API to get the loan programs

Distinct-FeaturesDistinctive Features


ResultsResults


Now, borrowers can find mortgage loans rates from several vendors real time to allow them to compare and buy mortgage loans according to their individual needs by the click of a button.

TechnologiesTechnologies


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