FINS BIAN Mortgage Loan Process API

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Examples of Use

Example of use:An established bank customer applies for a mortgage to purchase a home – the offer process is completed and the mortgage facility is established and funds disbursed to complete the purchase

Role Definition

The service domain handles the fulfillment of a loan product intended for the purchase of a property. Title to the property is usually administered as collateral for the mortgage loan. Note several different financial arrangements can be supported (interest only, variable rate, repayment). Furthermore the administration of the collateral is delegated to the Collateral Administration Service Domain and overseen by this Service Domain

Related Business Scenarios

HANDLE REQUEST FOR EARLY PAYBACK OF CONSUMER MORTGAGE LOAN DUE TO SALE OF PROPERTY

HANDLE MORTGAGE LOAN APPLICATION

VERIFY PAYMENT OF TAXES ON PROPERTY

DISBURSE MORTGAGE LOAN

RETRIEVE LOAN TO VALUE RATIO

CONDUCT COLLATERAL APPRAISAL

PROCESS CLOSING OF MORTGAGE LOAN

PERFORM UNDERWRITING FOR MORTGAGE LOAN

RECORD COLLATERAL INSURANCE DETAILS

PROCESS LOANS INSTALMENT

HANDLE REQUEST FOR EARLY PAYBACK OF CONSUMER MORTGAGE LOAN DUE TO SALE OF PROPERTY FOR BANK AS SERVICER

CONDUCT MORTGAGE LOAN PROCESSING

VERIFY CLAIMS ON COLLATERAL

Key Features

  • Mortgage facility maintenance – fees, interest, reporting
  • Payments and withdrawals, liens and sweeps
  • Collateral tracking and oversight

Customers can use this integration template to accelerate implementation.


Reviews

TypeREST API
OrganizationMulesoft Inc.
Published by
MuleSoft Solutions
Published onNov 10, 2023
Asset overview

Asset versions for 11.0.x

Asset versions
VersionActions
11.0.0