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How We Helped a Mortgage Bank Slash 90% of Their Boomi Licensing Cost With Custom API Utilities

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.

66%

Reduction in interface development time

90%

Reduction in Boomi licensing cost with custom API utilities and open-source tools.

100%

Scalable architecture to adopt market changes

Infrastructure assessment for an investment management client.

Industry

Banking & finance

Service

Enterprise integration - Boomi

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 their Point-of-Sale (POS) and their Loan Originating System (LOS). With the goal of embracing digital transformation, the could-based POS system, Virgo, embarked on an application modernization journey. As part of this modernization effort, the POS application underwent an upgrade to adopt the latest industry-specific message standards, specifically transitioning to MISMO 3.4.

However, the LOS (Loan Origination System) application was not migrated to the cloud-based environment and instead remained in the legacy on-premises setup. This decision was driven by the complexity of the business logics embedded within the LOS application. Additionally, the legacy LOS relied on outdated message standards, specifically MISMO 2.31, which has since been deprecated.

One major challenge faced by the organization was the limitations of the legacy middleware in handling the transformation of messages from the upgraded MISMO 3.4 format to the outdated MISMO 2.31 format. To address this issue, there was a pressing need to develop new business logic within the middleware application to ensure compliance with these message standard inconsistencies.

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