BREVITY
Loan processing made easy.

Synopsis

The Brevity Software Platform is a Multi-User, Cross-Functional, Real-Time Software Platform to be utilized by The Horn Funding Corp as a Loan Origination, Processing, and Productions system. The intention of Brevity is to provide ONE system for all employees to collaborate to provide mortgage lending (and brokerage) services in the Colorado marketplace.

Technology

Web
The Challenge
There are many technologies currently in the Mortgage Lending industry. However, these technologies lack many attributes that we desire. For example, the ‘user experience’ of technology in mortgage lending is severely lacking. Additionally, the dominant technologies (Calyx Point)- fail to utilize intelligence as part of their mortgage origination platform. It’s our desire to build Brevity specifically catered to The Horn Funding’s process of originating and closing mortgage loans. Brevity will need to be an ‘easy to use’ & ‘simple’ technology that focuses Intelligently on the Mortgage Process.
Our thought process and identifications
The idea of Brevity was created in 2012, however was based upon 10 years of additional technology builds & ideas. The goal of working with Tipstat was to utilize many of these past ideas and build a fully functional robust platform. Tipstat realized the project vision and Agile(iteration-based) methodology was placed to develop the software. For this, the functionalities have to be comprehensively documented first with the help of Wire Frames and User Stories which gave the team a detailed view of the software to be developed after which the team goes through the Planning, Development, Testing and Client Review phases. The process is followed from beginning till end for each release.
How we addressed their challenges, our solutions, etc.
The Consumer Website (www.hornfunding.com), deriving a lot of features and control from Brevity is being developed within the duration of 3 months for 2 releases till date, through Agile Methodology. Every release, a specific project plan is created after the Requirement Analysis phase, according to the time estimates given by the development team for the requirements. This project plan gives an overview of the project and makes it easier to allocate the resources according to the project deadline.
The Brevity platform has been developed through Agile Methodology. As stated earlier, dominant technologies in Mortgage Lending business(such as Calyx Point) fail to utilize intelligence as part of their mortgage origination platform. Brevity is specifically catered to The Horn Funding’s process of originating and closing mortgage loans and will thus, provide an ‘easy to use’ & ‘simple’ technology that focuses Intelligently on the Mortgage Process.
About the Client
The Horn Funding Corp is a unique mortgage lender in the Denver market and strives to work hard to satisfy the needs of home-buying clients. The basic purpose of The Horn Funding Corp is to provide homeowners and their families long term financial infrastructure for the purchase and continued ownership of their homes. This means ‘Values Based Lending’, which includes (but is not limited to) making the recommendations for homebuyers that meet their long term home ownership goals.
Current Status: - The Consumer-facing websites(hornfunding.com, francismortgage.com) are live and can be viewed by potential consumers.
- The Web Application is currently in use by 3 user types, with 2 more user types under development.