Overview
A client in real estate financing business with an experience of capital and construction lending wanted a service that would work with their current system. The client provides complete loan assistance for business projects and wanted a platform that could allow end users to apply for loans and manage their applications with the same ease. They needed a single point of access where commercial real estate-related small companies could go to apply for loans, manage their existing loans, and receive funds. An experienced commercial real estate finance company with expertise in small-balance commercial lending approached Motion Pexels to create a portal that can handle high volumes of traffic and the secure upload of many financial documents from end users. They needed an upgraded design that could be strong, secure, and scalable enough to manage all the data on the portal. The client wanted the portal to be user-friendly for borrowers, doing all the calculation jargon in the hindsight and ensuring that only relevant data was collected.
Solution
Motion Pexels had a complete grasp of the client's needs and the time constraints of the government-run initiative. Specifically for this client's needs, we devised a solution and interface architecture. By using the agile methodology and providing the customer with incremental updates, we were able to meet all of our milestones and deliver all of the client's requested features on time.
Business Value
Motion Pexels has streamlined the whole loan application to financing process by creating a portal via which borrowers may apply for loans and apply to government funding programs. Despite technical difficulties, Motion Pexels met the client's expectations on schedule. We came up with strategies to deal with any technical setbacks in order to complete the task on time. We used Azure B2C for end-user authentication without having to develop a new authentication system from scratch. We built an architecture that is robust, safe, and scalable. We included CongaSign so that applicants and the portal may electronically share and sign contracts and other documents. Since the client's staff had been doing the application process manually, we were able to automate it by integrating SBA Apis.
