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