Mid America Mortgage

Redesign & Optimization of the multi-state lending platform covering a full mortgage management and loan management cycle

Redesign & Optimization of the multi-state lending platform by NerdySoft
Redesign & Optimization of the multi-state lending platform by NerdySoft

Mid America Mortgage

Redesign & Optimization of the multi-state lending platform covering a full mortgage management and loan management cycle

Redesign and optimization of the loan management platform for the large mortgage provider in the USA

Location

Location

USA

Industry

Industry

Fintech

Cooperation model

Cooperation model

Time & Material

Partnership period

Partnership period

2017 - present

Team size

Team size

4

Technologies

  • React
    Libraries
  • Webforms
    Frameworks
  • MVC Framework
    Design patterns

Improvements Plan

Purpose / Strategy / Migration to MVC / Layers / Web API / UI / Unit Tests / Net Core

About the product

A complex lending platform that is integrated with third-party legal instances and covers a full loan life cycle, from loan request and loan offer to loan processing. The application allows to streamline the loan management process and handle user requests quicker than competitors.
Regulatory technology (Regtech). Top Fintech trends to follow in 2021-2022. NerdySoft software development company blog.

About the client

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. In general, it helps borrowers refinance and purchase residential real estate in the United States. The company was established in 1940. Nowadays, the company has over 500 employees and a yearly revenue of $250 millions.

Сhallenges overview

The customer requested to revisit the current approach to the development of their loan management platform. During the project, NerdySoft developers had to address the following challenges:

Challenges in redesign & Optimization of the multi-state lending platform by NerdySoft
Challenges in redesign & Optimization of the multi-state lending platform by NerdySoft
  • The application core of the lending platform was designed and developed ~ 15 years ago.

  • The business logic, database, and development layers are closely tied, hard to scale, and maintain.

  • The client heavily depends on validation by many third-party legal instances, like Credit Agencies, Insurance Companies, automated user qualification algorithms, etc.

  • View and C# code is not separated that block UI interface evolution

  • Outdated, not responsive and not Mobile-friendly UI

  • Complicated maintenance process

  • System is difficult to cover with automated tests (Web form part)

  • Monolite not modular structure

  • To streamline the communication with external services the Interfaces module was implemented. Being an integral part of the application the module is of prime concern, as the business relies on it for revenue.

  • The application core of the lending platform was designed and developed ~ 15 years ago.

  • The business logic, database, and development layers are closely tied, hard to scale, and maintain.

  • The client heavily depends on validation by many third-party legal instances, like Credit Agencies, Insurance Companies, automated user qualification algorithms, etc.

  • View and C# code is not separated that block UI interface evolution

  • Outdated, not responsive and not Mobile-friendly UI

  • Complicated maintenance process