endorsedOngoing

Loan Origination & Management System (Web & Mobile)

Services Covered:

Custom Software Development • Mobile Application Development • Website Development

Industry

Financial Services

Duration

56 months

Budget

50K - 199K

Start Date

1 December 2021

Team Size

1-5 Employees

Engagement Model

Offshore

Project Capability Score (PCS)

78/100

Good

Project Capability Score (PCS) estimates how capable Rootquotient is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

Confidential

Chennai, India

Project Summary

RootQuotient designed and built a custom loan origination and management system for a finance company, delivering both web and mobile (iOS/Android) applications. The team used Adobe XD and React for design and implementation and performed backend data integration and validation. The solution moved the client from a paper-based process to a largely paperless workflow and reduced loan processing times from seven days to three while improving operational efficiency and user access (about 95% Android usage).

Key Challenges

Transition from paper-based loan application processing to a paperless system.
Streamline tedious loan management tasks including identity verification, customer data review, bank account checks, and integration of external credit scoring.

Project Deliverables

Loan origination system (LOS)
Loan management system (LMS)
Web-based platform
Mobile app for iOS and Android
Data integration and validation backend
Interest calculation and collections tracking tool

Project Solution

RootQuotient designed and implemented a custom loan origination system (LOS) and loan management system (LMS) for web and mobile. They used Adobe XD and React for UI/design and built backend data integration and validation (APL backend) to streamline data collection and integrate external credit score services. The solution includes interest-calculation and collections-tracking functionality and was customized to the client's industry requirements.

Project Outcome

Reduced processing time from seven days to three days.
Approximately 95% of users access the mobile app on Android.
Delivered 99% of tasks on time and improved operational efficiency, saving time and money for the client.

Platforms

Web
Mobile

Tech Stack

React.js
Ruby on Rails

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“RootQuotient has designed the client’s system according to their needs. Their efforts have significantly increased the client’s efficiency and decreased their processing time from seven days to three. They’ve been a timely partner who has responded to requests outside regular working hours.”
Anonymous
Executive Director
Date: 11/15/2022