Project Title: MSI: Loan Origination System

The Challenge

In the fall of 2003, Exigen Services was contracted to participate in the development of a comprehensive loan origination and processing system called Lending Center Express. The system is built utilizing the most up-to-date technologies like SmartClient and Microsoft 2005 series product line. Exigen Services is taking part in all stages of the product development lifecycle including product definition, design and architecture, development, testing, documentation, and deployment.

Due to the complexity of the mortgage related legislation in the US, a loan origination and processing document workflow is quite difficult to implement. The system goes through the entire standard process for loan origination, which consists of numerous sequential steps, and a lot of 3rd party documents are required in the process in order for the lender to be able to reach a successful decision.

All the work is carried out in close cooperation with MSI development teams in the U.S.

Exigen's engineers work in a unified effort with a multicultural international, multi-site team of MSI engineers in the United States. This presents two sets of challenges.

The cultural challenge (varying languages, business customs and styles across the team) is overcome through Exigen’s long experience of working for international clients coming from a wide range of backgrounds and cultures.

The management challenge consists in the distributed nature of this project. Members of all segments of the entire project team – business analysts, developers, test engineers – are present on both sides of the Atlantic, and thus the project workflow requires constant in-depth communication between Russia and the US. Exigen Services and MSI are working together despite the complex team communication and reporting structure and the time difference, thus making this project a successful example of truly distributed development.

The Solution

The new system designed jointly by MSI and Exigen Services will take the loan application from initiation to the closing steps and will include all the necessary complex functionality such as credit history checks, ordering 3rd party documents (Appraisal, Title, Flood certificates), etc. The main purpose of the system is to improve and speed up the process of loan origination by managing and tracing a customer application from pre-qualification through processing and underwriting to final closing.

At the basis of the system is the new SmartClient architecture, and MS SQL Server 2005 is used for data storage.

"Exigen Services has proven to be an efficient and reliable development partner for MSI Services. Their project team has provided valuable support during the analysis stage and in defining business requirements. Their Russian staff have efficiently collaborated with our dispersed and multi-national development team, integrating seamlessly into our combined effort. They have also shown superb technical skills, leveraging cutting-edge technologies to meet our product needs. Overall, we are extremely pleased with Exigen Services and are looking forward to leveraging their services for future projects."

Tools and Technologies

Development Environment: MS Visual Studio.NET 2003, 2005
Operating Systems: MS Windows Server 2003
Hardware Platforms: Dell PowerEdge
RDBMS: MS SQL 2000, 2005
Programming language: C#, VB.NET
Technologies: SmartClient, ADO.NET, ASP.NET, WebServices, Application Blocks

Post Your Story, Tell All About Your Success!

If you want the story of your company to appear on the portal please fill out this form and send it to [email protected]. We would also like you to leave contact information (name, e-mail, phone) of a person who is responsible for filling the form to clarify any questions, which could appear.

Available Success Stories From Companies:

Disclaimer

All information contained in this Section is owned by RUSSOFT.org and its Participants and is protected by Russian and international copyright laws. Any reproduction or republication of all or part of this Section has to remain intact and include a notice on the copyright of RUSSOFT.org or the Participants, as applicable.

While the information of this Section has been presented with all due care, RUSSOFT.org does not warrant the accuracy, completeness, usefulness and truth of Section’s information, links and logos derived from third parties. RUSSOFT.org is not liable for any loss or damage occurring from the use of this Section’s materials.