Skip to main content

Streamlining Mortgage Lending Experience using Cloud-based platform with dynamic Q&A framework

article banner

Overview.

Bogged down by a complex system of four mortgage books, a major mortgage lender with a hefty £180 billion portfolio faced long application processing times, leaving brokers and customers in a state of frustration. To streamline the process and boost customer satisfaction, Coforge stepped in with a cloud-based platform featuring a dynamic Q&A framework. 

Challenges.

  • Overly complex ecosystem with 4 separate mortgage books
  • Manual case creation across Mortgage, Lending & Banking services
  • Approvals taking up to 21 days, disbursals taking months longe
  • Brokers required multiple logins and call center support
  • Risk of obsolescence with outdated mainframe systems

Solution.

  • Analysed options with Coforge, focusing on cloud architecture vision
  • Abstracted data and information systems through core APIs and serverless technology
  • Built Mortgage, Lending & Banking applications on Salesforce
  • Developed a dynamic Q&A framework for customer service processing
  • Implemented single sign-on and self-service options for brokers
  • Integrated error framework with help messages and self-service options

The Impact.

Metric 

Improvement 

User Journey Completion 

40% Increase 

Call Center Traffic (Mortgage Related) 

70% Reduction 

Application Approval Speed 

Immediate Response (for some cases) 

Broker Experience 

Intuitive, Easy, Self-Service 

Customer Data Analytics 

Centralized Source of Truth 

Bring us your challenge.

Let’s Coforge your next success story.

Related reads.

WHAT WE DO.

Explore our wide gamut of digital transformation capabilities and our work across industries.

Explore