5 min read
JMC Case Study

Jersey Mortgage Company

by Apr 12, 2021Case Study

Jersey Mortgage Company uses Meridian Link Mortgage to manage loan applications and borrower information. That data needs to be packaged and sent to warehouse lenders before loans can be considered. Because this relied on human intervention at Jersey Mortgage and at the warehouse lenders, each and every loan processed went through 25-30 minutes of downtime being handled, structured and verified. Jersey Mortgage wanted a way to have their office computers package and deliver the data up stream in such a way that the warehouse lending software could instantly receive and verify it.

The warehouse lending software, Street Resource (a standalone system), has its limitations. It cannot communicate directly with MLM over the Internet. So, again, people were wasting time doing manual labor in a process made inefficient by obsolete technology. The obvious solution of another direct data bridge is complicated by Street Resource’s severe limitation, but this complication was overcome through automation. Instead of a data bridge, a data ferry terminal of sorts was built. A tailored API was used to scour MLM for closing application info, after which another API references the warehouse lending software’s requirements and correctly arranges the closing data into an array of comma-separated values that the warehouse network can instantly recognize and understand, like a ferry to take the data across the river of manual labor that people had been swimming across. On top, a clean UI was created that enabled officers instant access to any closing package or document.

The closing department and underwriters at Jersey Mortgage, their lenders, and their borrowers, as well, saved time. The closing department is now spending less time to ship completed closing documents upstream. The lenders are spending less time processing, and approving loans faster. Borrowers experienced not just greater speed, but with officers that can more easily view and access materials, superior package quality and no system downtime, vastly improved quality of service. With so many repetitious closing package tasks finally automated, the entire system gains operational headroom as time, energy and money have been freed up for better use.

Kaustubh Ghadge

Kaustubh Ghadge

Senior Web Application Developer

Kaustubh is a Senior Web Developer and Digital Strategist at Indica Digital as well as an adjunct instructor at High School Technology Services in Washington D.C. With a focus on Business Process Automation, API development, and systems integration, Kaustubh is often sought out to consult with business owners and provide them with the insight and tools needed to overcome digital challenges and drive optimal results.

Stephen Watkins

Stephen Watkins

Staff Writer

Stephen Roy Watkins is a young writer and digital artist from Fredericksburg, Virginia. He is a third-year undergraduate at Northwestern University, studying Radio, Television, and Film with a concentration in Media Arts & Game Design, and Creative Writing, with an emphasis on fiction. His goal is to work in advertising and to create visual and interactive art. In his free time, he plays electric guitar and writes for nature and literary magazines.