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Reduction of
FTE’s for document preparation |
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Produces
compliant documents in an automated, unattended fashion |
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Reduction of
manual intervention for document preparation |
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Accepts
variable data from various origination sources |
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Reduction in
document set processing and delivery time |
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User defined
business rules determine how the data is handled |
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Predefined
document sets are produced automatically |
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Joint Application Development Requirements
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Replace
existing consumer direct document prep software |
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Accept
variable data from the origination system, including all loan calculations |
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Accommodate
other lines of business in addition to consumer direct lending |
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Apply pre-defined
business rules to determine the product and legal nature of the loan |
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Interface
directly with other origination systems (mainframe or client/server) |
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Business
rules, from the simplistic to the complex, would need to be customizable |
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Require little
or no user intervention at the doc prep level |
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Accommodate
electronic documents from compliance vendors, as well as custom in-house
documents and credit insurance certificates |
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Delivery function
to produce completed documents directly to printers in the branches, a web
site, or via e-mail |
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Technologies Utilized
Logical Loans™ is
a client/server, 3-tier architectured application. While predominantly running
as a back-end service, a full-featured client application is available to
manage the data-driven rules and server parameters.
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Logical Loans™ is built
upon a component based, architectural scheme. The components within the
system are designed to interoperate and communicate in a very detailed and
structured manner. Interfacing with Logical Loans via the defined
‘source’ definitions has proven to be an extremely effective
mechanism for service communication.
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