Canada’s largest independent online brokerage had an aggressive target date to launch and debut its residential mortgage product to originate loans through an in-house, proprietary Point of Sale (POS) software application. The POS solution needed to collect loan application data and documents from the borrower and co-borrowers.
The challenge was to buy or build the document automation layer of the solution in a short period of time.The online brokerage had limited internal resources to build the solution and needed a technology partner with experience in building digital lending products. The chosen partner needed to either bring its own intellectual property or build/integrate with required FinTech components.
Blanc Labs’ Expertise In the Canadian Mortgage Industry and Intelligent Document Processing
Ultimately, the online brokerage chose to leverage Blanc Labs’ expertise in the Canadian mortgage industry and intelligent document processing in order to collaborate on the design of a total solution and the development of its components.
Apart from achieving the technical and functional feature set defined for the online brokerage’s document automation, the project resulted in:
- Accelerated time to market
- Lower Cost of Ownership
- Futureproof Technology Architecture
- Better User Experience
- Enterprise Level Document Management