webmortgages service - use the data you collect!

LIXI 2 + innovation + collaboration delivers new

solutions for QT Mutual Bank

Loan Origination System (LOS)◦ Automated and digitised process including

Decisioning Bureau Services Documents for personal, overdraft and secured loans

without “touchpoints!”

QTMB Requirements

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

How can all parties deliver the required solution to QTMB?

Question

Tools◦ Inteflow by

◦ WebMortgages Service by

◦ LIXI 2 by Documents and Settlements Schema (DAS)

Technology and innovation simplifies collaboration.

Answer!Collaboration!

Interoperability- How do we make it work?

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

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

Future BenefitsQTMB “digitally ready” to take

advantage of the Digital Paperless Mortgage Transaction in 2016 -17?

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.

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