How We Helped a Fintech Client Slash Licensing Costs by 90% With Hybrid Integration Solutions

Our client is a leading mortgage bank based out of the US. The client offers financial assistance for home retention, foreclosure, renovation, disaster relief, professional counselling, and much more. They render services across 400+ branches with 1300+ financial advisors across the country.

90%

Reduction in Boomi licensing cost with custom API utilities

75%

Reduction in deployment efforts

60-70%

Reduction in interface development time

Establishing-hybrid-connection-between_POS_LOS_applications

Industry

Banking & Finance

Service

Boomi implementation

Tech Stack

Boomi (Integration, API management), JavaScript, Groovy Script, MySQL, JSON, MISMO 

Business Challenge: Seeking a modern interface for cloud POS and on-premises LOS to establish COE

The client had a legacy middleware built on top of .NET with C#. This middleware served as a critical point-to-point interface connecting Point-of-Sale (POS) and Loan Originating System (LOS). With the goal of embracing digital transformation, the POS cloud Virgo delved into application modernization. Due to this modernization, the POS application upgraded its industry-specific message standards to MISMO 3.4.

On the flip side, their LOS application was retained on the legacy on-premises environment due to the complex business logics involved in it. Also, the legacy LOS had the message standards in MISMO 2.3.1 that have been denounced.

The legacy middleware had limitations in handling these message transformations from MISMO 3.4 to MISMO 2.3.1. They were in a push to build new business logic in middleware application to comply with these message standard inconsistencies.

Unfortunately, the legacy middleware was cumbersome and reluctant to adopt these changes & future innovations in the system!

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