LOAN PROCESSING AUTOMATION SYSTEM DEVELOPMENT

Yes, we can build a platform designed for your specific loan type, whether it’s mortgage loan processing software, auto loans, or any other type of financing. We take the time to understand your unique requirements and processes for your specific loan type.

Furthermore, we’ll work with you to define the features and functionality needed for your platform and make sure that our system addresses the needs of your business, including specialized workflows, compliance requirements, and customer management functionalities. 

Our development process is flexible and customizable. If you want to outsource mortgage automation services to Inoxoft, please contact us for more details.

Yes, custom platforms can integrate with other loan processing systems. In fact, integration is a critical aspect of automating the loan process, as it ensures data flow and interoperability between different systems.

We use industry-standard APIs and integration tools to connect your custom platform with existing CRM systems, and your other relevant software. This helps us to synchronize data, streamline workflows, and improve the overall efficiency of an automated application.

Also, our team works to ensure that the integration process is smooth and that all systems communicate as they’re supposed to for efficient loan processing, minimizing disruptions, and maximizing operational effectiveness.

First, we ensure the security of borrower data through a multi-layered approach that includes encryption, secure access controls, and regular security audits. Data is encrypted both in transit and at rest to protect it from unauthorized access.

Second, we implement strict access controls and authentication mechanisms to ensure that only authorized personnel can access the automated credit application processing system. Our development process also includes rigorous testing and compliance with industry standards and regulations such as GDPR and CCPA. 

Additionally, we conduct regular security audits and updates to identify and address potential vulnerabilities, making sure that borrower data remains secure and protected.

Yes, we offer cloud-based deployment for our automated loan approval system for financial services. Cloud deployment provides flexibility, scalability, and cost-effectiveness, allowing you to manage and scale your platform according to your business needs. 

We work with leading cloud service providers, so be sure your platform is hosted on a reliable and secure infrastructure. Cloud-based deployment also helps with easier updates and maintenance, as well as remote access to the platform for users. 

The Inoxoft team will assist you in choosing the right cloud deployment model—whether it's public, private, or hybrid—to best meet your operational and security requirements.

Generally, a basic platform with essential features such as user management and basic reporting could range from $30,000 to $50,000. A more advanced automated loan processing for financial services with features like third-party integrations, enhanced security, custom workflows, and advanced analytics might cost between $50,000 and $150,000. 

For highly complex platforms with specialized functionalities, extensive integrations, and custom development, the costs could exceed $150,000. Additional factors that can impact the overall cost include data security requirements, compliance with industry regulations, and the need for ongoing maintenance and updates.

On average, development can take anywhere from 3 to 6 months, but this can extend depending on factors such as customization needs, integration with existing systems, and the scale of the platform. Moreover, the automated credit application development timeline includes phases such as requirements gathering, design, development, testing, and deployment.

We work closely with you to establish a realistic timeline based on your specific needs and project scope. Our goal is to deliver a robust and fully functional platform within the agreed-upon timeframe while maintaining high standards of quality and performance.