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Development of a Comprehensive Online Mortgage & Property Search Platform
  1. case
  2. Development of a Comprehensive Online Mortgage & Property Search Platform

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Development of a Comprehensive Online Mortgage & Property Search Platform

lizard.global
Financial services
Real estate
Information technology

Challenges in Streamlining Home Buying and Mortgage Acquisition

Potential homebuyers face a fragmented and time-consuming process when searching for properties and securing a mortgage. Existing methods often involve multiple intermediaries, leading to inefficiencies, increased costs, and a suboptimal user experience. The need exists for a centralized, digital platform to simplify and expedite the entire home buying journey.

About the Client

A fintech startup within Nationale Nederlanden's mortgages department, aiming to revolutionize the property search and mortgage application process for individual homebuyers.

Objectives for a Digital Home Buying Platform

  • Develop a user-friendly mobile application for property search and mortgage application.
  • Provide a cost-effective alternative to traditional real estate agents.
  • Automate key processes such as document processing and property valuation.
  • Reduce the overall time required to find a home and secure a mortgage.
  • Empower users to make informed decisions through comprehensive property information and mortgage options.

Functional Requirements

  • Property search with advanced filtering options (location, price, property type, etc.).
  • Mortgage comparison tool with customizable options (loan amount, term, interest rate).
  • Online mortgage application form.
  • Document upload and management system.
  • Automated property valuation functionality.
  • User account management and progress tracking.
  • Secure data storage and transmission.

Preferred Technology Stack

Mobile App Development (iOS & Android)
Cloud-based infrastructure (e.g., AWS, Azure, Google Cloud)
API integrations for property data and mortgage rates
Secure database management system

Required Integrations

  • Property data providers (e.g., MLS, real estate listing APIs)
  • Mortgage scoring and underwriting systems
  • Document verification services
  • Payment gateways

Non-Functional Requirements

  • Scalability to accommodate a growing user base.
  • High performance and responsiveness.
  • Robust security measures to protect user data.
  • Compliance with relevant financial regulations.
  • Accessibility across different devices and screen sizes.

Expected Business Impact

The Brickler platform is expected to significantly reduce operational costs by automating processes and decreasing reliance on intermediaries. It will improve customer satisfaction by providing a more convenient and efficient home buying experience. Furthermore, it positions Nationale Nederlanden as an innovator in the fintech space, increasing brand visibility and market share within the mortgage sector. The reduction of overhead costs is a key driver for increased profit margins.

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