Challenge
Challenge:
The customer’s platform was built using AngularJS and .NET Framework, which became obsolete over time. This restricted the company’s ability to expand and also put sensitive information at risk. Another problem lied in overreliance on manual processes and costly third-party services for the company’s core workflows. To remain competitive and scalable, the company needed to modernize its platform, automate key processes, and eliminate vendor dependency. That’s where Leobit stepped in.
Challenge:
The customer’s platform was built using AngularJS and .NET Framework, which became obsolete over time. This restricted the company’s ability to expand and also put sensitive information at risk. Another problem lied in overreliance on manual processes and costly third-party services for the company’s core workflows. To remain competitive and scalable, the company needed to modernize its platform, automate key processes, and eliminate vendor dependency. That’s where Leobit stepped in.
Solution
Technology solutions:
- Used Angular 8 to rebuilt the front end of multiple web applications for brokers, borrowers, and mortgage comparison.
- Migrated and modernized back-end services from .NET Framework to .NET 6 to improve performance, cross-platform support, and long-term maintainability.
- Used Azure Functions to enable serverless, event-driven workflows for form processing, notifications, and background job automation.
- Integration with Microsoft Azure Active Directory for user management and access control.
- Integration of Mortgage Pricing Engine for accurate mortgage pricing information presentation.
Technology solutions:
- Used Angular 8 to rebuilt the front end of multiple web applications for brokers, borrowers, and mortgage comparison.
- Migrated and modernized back-end services from .NET Framework to .NET 6 to improve performance, cross-platform support, and long-term maintainability.
- Used Azure Functions to enable serverless, event-driven workflows for form processing, notifications, and background job automation.
- Integration with Microsoft Azure Active Directory for user management and access control.
- Integration of Mortgage Pricing Engine for accurate mortgage pricing information presentation.
Results
Value delivered:
- Acquisition of the client’s company by a US-based and SEC-registered investment management company, founded by a Wall Street veteran.
- The US Department of Housing and Urban Development recognized our client as a Top Lender in 203(k) lending for sponsored originations.
- Thanks to automation, the customer managed to reduce human processing labor per funded loan by 28% in 2024, while simultaneously increasing throughput and enhancing service levels.
- Year-to-date, the company has funded over 14,000 loans, compared to 8,456 units during the same period last year—a 65.6% increase in funded volume, driven largely by improvements made to the platform and broker experience.
- In 2024, the company nearly quadrupled its Q1 loan origination volume year-over-year, with production in the wholesale channel alone increasing nearly 700%.
Value delivered:
- Acquisition of the client’s company by a US-based and SEC-registered investment management company, founded by a Wall Street veteran.
- The US Department of Housing and Urban Development recognized our client as a Top Lender in 203(k) lending for sponsored originations.
- Thanks to automation, the customer managed to reduce human processing labor per funded loan by 28% in 2024, while simultaneously increasing throughput and enhancing service levels.
- Year-to-date, the company has funded over 14,000 loans, compared to 8,456 units during the same period last year—a 65.6% increase in funded volume, driven largely by improvements made to the platform and broker experience.
- In 2024, the company nearly quadrupled its Q1 loan origination volume year-over-year, with production in the wholesale channel alone increasing nearly 700%.
