Finance

Loan Management System

Built an online loan management system automating the complete lending lifecycle from application to disbursement

Overview

Aiming to become one of the elite fintech providers worldwide, the client approached TatvaSoft to develop a Loan Management System that takes the entire lending process online. The platform automates loan applications, document verification, bank validation through third-party tools, digital agreement signing, fund transfers, scheduled EMI payments, and customer referrals across multiple channels.

Customer

A US-based financial services company offering technology-driven lending and loan servicing solutions to financial institutions.

United States

Challenge

The client demanded to develop a high featured online Loan Management system where the targeted customers can easily apply online for loans with automatic validation of application data from different online third-party tools to audit & review their application without any manual hassles. The client aimed to offer a highly secure & feature-rich Loan Management System to manage Pre and Post Loan applications.

Customer should be able to apply for an online loan through our developed application
Documents verification should be done online for identity proof, income proof, banking proof, etc
Bank account validation through third-party integration
Online facilities for the customer to sign the documents of agreement and payments
Safe and secure way to operate client transactions and accounts for Online funds transferred into the customer’s account
Online payment option on the scheduled EMI
Customer referral scheme
Automatic process for transfer funds, process payments made by customers, send email/text to customers, etc
The developed application should be cross-platform and cross-browser facilities

Solution

TatvaSoft has proven experience and expertise with their technical capabilities to develop a Multi-Tenant platform for our US-based client. Our team of experts utilized the latest technologies like .NET and Angular to aid the users to control their loan applications online with the offered solution.

Apply Online
- Customers can apply online for a loan application. Step by step guidance with all required fields. Documents verification for identity proof, income proof, banking proof, etc.
- Online facilities for the customer to sign the documents of agreement and payments
- Online payment on the scheduled EMI as per the Customer Bank agreement
Back Office Support
- Automatic validation of application data from different online third-party tools.
- Automatic process for transfer fund.
- Automatic process for payments made by customers, send email/text to customers, etc.
Additional Features
- Customers can also apply for additional funds from tenants after their loan is granted.
- Customers can make payment based on the schedule which was decided at the time of approval of the application.
- Customers can refer a friend using the referral code or unique link.

Expertise

Tools & Technologies

Microsoft ASP.Net
C#
Angular
MVC
JSON
XSLT
Microsoft SQL Server Azure
Windows Server

Result

With efficient collaboration with industry-leading smart traffic, and traffic signals management. Utilization of Node, React and PostgreSQL allowed web development company like TatvaSoft, the client’s business has seen a surge in their activities and was able to yield multiple benefits such as:

Simple, fast and cost-effective improved productivity
Enhanced procedures to facilely manage multiple stages of a loan cycle
Lower overhead costs, and swift processes.
Automate loan application process across multiple channels to make informed and timely decisions about issuance or disapproval of the loan at the initial stage itself.

Ready to Build Your Custom Application Solution?

Tatvasoft is a reputed CMMI level 3 software and mobile app development company. When it comes to software development companies, Tatvasoft strives to be the best.

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