Re-designing of Loan Origination Software for Open Road

Re-designing of Loan Origination Application, twice as fast as its previous version,for the Client ‘Open Road’.

Client Overview

‘Open Road’ is a leading Auto re-financing company based out of Dallas/Fort Worth area focuses mainly on  assisting its clients in finding the best auto loan terms for their new or used car purchase or by helping them save money by refinancing their existing vehicle.

Problem

OpenRoad was using a web based LOS written in ASP, which has complex pages with performance issues. Learning difficulties and the scarcity of expert resources to handle ASP was a major concern.Though the client finds it difficult to handle, users are comfortable with the interface of the LOS. Hence, looking for a solution to modify the LOS in a way that would make it equally convenient.

Solution

Insight Consultants propose to re-design the Loan Origination Software in a way that would not change the user interface and the way it’s working. The new application will be designed in a way that will allow for scalability and interface re-design in future

Result

A scalable modular application, that is twice as fast as its previous version, that managed to retain it’s well liked UI

Business Objectives

OpenRoad’s key requirements for the LOS re-designing is:

Though the client finds it difficult to handle, users are comfortable with the interface of the LOS.Current database have been optimized to provide the ideal balance between performance and functionality. So they are looking for a solution to modify the LOS in a way without the changing the UI.

What we did?

We used .NET, which is Microsoft’s current framework to build the enterprise application.

During the re-write, we didn’t changed the user interface design and the way of working. In new application, included a business layer which will contain the business classes required for the application. This layer will help to modularize the application so to allow for scalability in future. The separation of business layer will also allow OpenRoad to change the user interface design in future without having to re-write the application.

The re-write is done for selected functionalities of the LOS and the release was scheduled in 4 groups.

Result

Successfully developed a scalable modular application, that is twice as fast as its previous version, that managed to retain it’s well liked UI

About Insight Consultants

Insight Consultants is in the business of transforming enterprises and impacting lives through information technology-based solutions and by delivering services ethically. We specialize in digitizing the lending ecosystem. From general to specialized, prime to sub-prime, we have helped firms operating across the lending landscape reap the benefits of digitization. We offer end-to-end lending solutions with digital loan origination platform, credit assessment engine, business process automation and complete loan cycle management systems. We will help you transition from an offline way of working to a digitally streamlined one that include paperless operations, workflow-based automated decision-making, and credit scoring powered with insightful analytics.

 

 

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