A Pan-European Loan Processing Solution

The last ten years have witnessed a very high level of activity throughout European mortgage markets.  Established markets have achieved record  transaction volumes and generated an increasing variety of products to serve both prime and sub-prime markets.  Within the 'new' European states, rapid take-off of mortgage markets has yielded more sophisticated products, more active lenders and in some cases a growing trend of intermediation.

Across Europe, the basic requirements of mortgage loan processing remain consistent with a need for loan application process, credit checks, property valuation and title registration.  Loans must then be serviced and arrears managed (often to the satisfaction of a global investor base).

Beyond the obvious variables of language, local currency and domestic banking practices, there are further differences that require careful consideration when specifying the loan processing platform.

• Loan distribution methods vary greatly:  Bank branch, internet, call centre, intermediary routes with various fee structures. Regulation governing consumer protection and level of advice provided and the format of documentation.
• Loan origination process: Notary and solicitor role, land registration process, national credit reference agencies and property valuation services employing different methodologies.
• Domestic laws governing assets, funding, taxation, arrears and payment collection all vary resulting in different underlying processes.

The DPR Loan Processing platform has been designed for adaptability, with distinct characteristics to overcome the obstacles of Pan-European deployment:

Component Architecture

The DPR architecture consists of core components over which a bespoke integration layer serves specific customers and interfaces. This approach removes dependency on core components for all customer and market specific variations.

Gateway Connectors

A DPR framework exists for Gateway connectors.  This allows DPR to rapidly create or adapt new interfaces to external systems (such as credit reference services, electronic interfaces to valuations etc).  By exploiting the Connector framework, DPR can realise very fast turnaround of new interfaces with full integration into the DPR loans platform.
 

Workflow driven processing

Every DPR deployment is different.  Our project methodology prescribes a process of analysis and planning to map the key business processes to workflow implementation using the DPR workflow engine and bespoke wizards.


 

Rules Policy Administration

With the DPR Rules Builder tool, any number of lending rules can be constructed and applied to policies throughout the entire loan processing system. This unique feature of the DPR solution not only aids rapid deployment of new systems, but also empowers our customers to manage an electronic lending policy without recourse to ongoing software development.
 

Product Engine

The DPR Product engine supports the targeting of loan product to specific distribution channels with corresponding fees and reward structures.

To discuss your European project requirements in detail please contact  our dedicated team working across Europe.