Loan Monitor & Management Software Case Study

Challenge

Our US-based client is a market leader in offering technology-led financial software solutions. The client envisaged to become one of the elite fintech providers around the world and thus innovated his services with the latest technologies. With the same ideology, the client approached sysgenpro to develop a Loan Management Software that can offer multi-functional features with a focus to provide the best product that can help customers to proactively become digital and discontinue cash advances in Illinois and focus solely on expanding their instalment loan product.

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.

While researching and exploring, client's prime considerations with the application were to be taken into account

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

Expertise

Tools & Technology

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

Solution

sysgenpro 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.

Result

With efficient collaboration with industry-leading web development company like sysgenpro, 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.