Mortgages

Mortgage lending is paper-intensive, often resulting in errors, high operating costs and increasing the time required for processing and underwriting. Luxoft’s mortgage lending solutions can reduce the risk of error, decrease operating costs and shorten the lead-time required for processing and underwriting the loan.

Our expertise in mortgage loan processes ranges from the creation of mortgage calculators, to solutions for mortgage assignment, to the development of comprehensive loan processing systems.

Luxoft has developed and implemented systems that support and automate loan origination, underwriting, securitization and asset management processes. These solutions track all possible mortgage-related information at every stage in the lifecycle of the loan, including:

• Financial information (payment and floating terms, mezzanine and participation terms, collateral type and syndication)
• Contact information (borrower, principal, guarantor, the custodian, trustee, and more)
• Property information (location, rentable and total area, number of freight and passenger elevators, number of open and covered parking stalls and more)

Our systems enhance and support the entire lending workflow providing best practice execution and management of rate lock-ins, due diligence procedures, appraisal and legal analysis, pre-closing tax and insurance escrow analysis and accounting. Advanced analysis and forecasting capabilities provide a wide variety of standard and ad-hoc reports and financial statements.

Luxoft’s mortgage lending systems are dynamic and personalized, streamlining the mortgage processes while maintaining best practices that reduce risk and operating costs.

For more information, please contact our business representative