WebMortgages Service - use the data you collect!
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LIXI 2 + innovation + collaboration delivers new
solutions for QT Mutual Bank
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Loan Origination System (LOS)◦ Automated and digitised process including
Decisioning Bureau Services Documents for personal, overdraft and secured loans
without “touchpoints!”
QTMB Requirements
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No LOS that could also produce required documents
No separate solution that could produce required documents without “touchpoints”
Problem
LeadPoint DMS WebMortgages Service Required documents without “touchpoints”
Solution
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How can all parties deliver the required solution to QTMB?
Question
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Tools◦ Inteflow by
◦ WebMortgages Service by
◦ LIXI 2 by Documents and Settlements Schema (DAS)
Technology and innovation simplifies collaboration.
Answer!Collaboration!
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Interoperability- How do we make it work?
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1. Enhance Inteflow to also facilitate document generation by WebMortgages; i.e. additional data fields and data mapping.
2. Reformat and program QTMB Loan Contracts, forms, business rules and processes into WebMortgages platform; i.e. ready to receive and process XML from Inteflow
3. LeadPoint / LIXI Guidebook – data elements structure and mapping to generate required XML out of Inteflow
4. Validation and testing
Steps
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Required “Doc Packs” for ALL lending returned by LeadPoints’ WebMortgages Service into Inteflow 24/7
Change to lending paradigm; i.e. Loan approval and final documents in one step.
Greatly enhanced customer experience; high quality documentation instantly.
Significant lender benefits;◦ Speed◦ Unit cost◦ Quality◦ Accuracy◦ Reduced ongoing expenses including human and
physical resources for both production and ongoing management of loan products and contracts.
Results
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Future BenefitsQTMB “digitally ready” to take
advantage of the Digital Paperless Mortgage Transaction in 2016 -17?
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Increased speed to market for new Loan Products, Campaigns, Packages etc.
Digital settlement process; all data into Inteflow via backchannel messaging; i.e. status updates, certification details, post settlement data etc.
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Laurent ChaussendeSenior Manager - Operations
Benefits Single Master template. Easy to maintain and
make changes to (new products / product changes…)
Efficiency: One stop shop – no more dual handling
Operations Team concentrate on ensuring data quality.
Enhanced customer experience Opens up opportunities
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