- Category: Verticals
Real Estate & Mortgage Mobile Application Development
The Real Estate industry is gradually recovering from the aftermath of the recession in 2008 caused primarily due to sub-prime lending. A rapidly recuperating economy, along with a thriving stock market, lower interest rates and an influx of foreign and domestic investment,undeniably means that the industry is moving back onto greener pastures. The volatility of the real estate industry which caused inhibitions and trepidation on the part of both, the investors and owners, is slowly being replaced by new found buoyancy. Real estate players are turning to disruptive technologies that will open up new avenues and business opportunities, and will eventually help them gain a competitive edge. Though the pace of proliferation is not the same across the board, technology adoption is not a choice anymore – the shift from a seller’s market to a buyer’s market has made it pertinent for real estate companies and sellers to adapt to the evolving digital landscape.
How Endeavour can help your business be digital ready
Endeavour can help you transform your business by chalking-out a strategy to connect with the digital-savvy customer, reexamine your incumbent business models and make your brand digital ready. With our robust digital strategy, your business will be able to harness the power of customer analytics, drive enterprise-wide adoption of mobile technologies to boost productivity and be cloud-enabled to facilitate real-time communication between the workforces.
Endeavour’s 360° real-estate framework
Endeavour’s 360° Real Estate Framework provides a “one-stop” solution for mobile, cloud and analytics, enabling various transactional services, thereby streamlining operations while cutting costs and boosting profitability. Our framework is designed to help you differentiate from all other institutions that are still heavily dependent on paper-based processes by addressing the following four key challenges:
- Mobile Prequalification and Origination: Leveraging mobile origination to initiate mortgage process for borrowers whenever, wherever.
- Mortgage Compliance Manager: Enabling workflow to augment and fill gaps in existing processes thereby removing compliance decisions from the realm of human managers.
- Analytics for Mortgage: Optimizing the information flow and providing insights into mortgage process, customers, and metrics.
- Loan origination system integration: Integrating mortgage loan origination system and other systems in use in the institution.
- All critical business information can be captured and entered into the system automatically
- Transparency throughout the process with status updates to borrowers and loan officers
- Enhance customer satisfaction through interactive communications via mobile
- Quick and easy decision making tools and capabilities
- Easy uploading and categorizing of documents, reducing dependency on external hardware
- More efficient showings by enabling customers to like/dislike properties via mobile before physical visits
- Integrated Analytics to improve process and workflow
- Reduce administration overhead, by creating conformity and repeatable automated processes
Increased ease and accuracy of data with an online mortgage processing application
We built a nation-wide (United States) online residential real-estate service for investors and homebuyers that allowed data capture and document uploads directly mobile devices, synced with the US postal records for address validation, integrated the public records and enabled geo-coding, geo-tagging.
Client Outcomes: Enhanced customer satisfaction due to higher visibility and increased security with records validation improved productivity of the real-estate agent SLA clock to monitor processing time and direct document uploads from mobile devices.