The current Rate & Recording Fee Calculator used by one of our Mortgage client was cumbersome and does not have all the functionality required to properly interface with the Ernst program, which is resulting in recording fees and taxes not being properly collected from the borrower during loan closing.
Challenges
The current Rate & Recording Fee Calculator used by one of our Mortgage client was cumbersome and does not have all the functionality required to properly interface with the Ernst program, which is resulting in recording fees and taxes not being properly collected from the borrower during loan closing.
Incorrect fee calculated -Inaccuracy
Supporting only 1 Dead at a time
Loosing end user’s trust as well as revenue
Complex calculations, inflexible to maintain
Our Approach
Solutions Implemented
Clearly Defined and Measured the problem with its impact analysis
Collaboration with BA’s ,Developers and client stakeholders to gather all technical specifications.
Designed and Implemented Keyword Driven framework-created automation script using SELENIUM.
Extensive UAT Cases to verify the proposed tool.
Impact Delivered
| Before | After |
|---|---|
| 95% Accuracy | 99.9% Accuracy |
| Complex Code – Low Productivity | Well Designed Code – High Productivity |
| Probability of revenue & Credibility loss | No probability of revenue & Credibility loss |
| Hard to Maintain | Easy to Maintain |
| Change request – Partial | Change request – Welcome |
