InfoVision modernized the legacy Appraisal Fee Services (AFS) platform, leading to operational efficiencies, enhanced customer experience and a notable decrease in expenses.
Customer overview
A leading BFSI company offering mortgage solutions.
Problem statement
The customer’s mortgage payment platform was running on a costly, outdated cloud infrastructure, burdened with complicated processes and expensive third-party dependencies. These inefficiencies led to rising operational costs, deteriorating customer experience, and significant business risks.
Key challenges included:
- Migrating a neglected legacy platform without disrupting business continuity.
- Ensuring secure, loss-free transfer of substantial sensitive financial data.
- Meeting stringent compliance and regulatory requirements.
- Reducing operational costs while enhancing efficiency and customer satisfaction.
- Maintaining trust by delivering a flawless, high-stakes migration.
Solution delivered
To overcome these challenges, the team implemented a strategic digital transformation approach:
- Migration & Optimization: Transitioned the platform from a costly cloud setup to a secure, cost-effective data center.
- Automation & Efficiency: Achieved 80% automation, streamlining operations and eliminating inefficiencies.
- Security & Compliance: Ensured a secure data transfer process with strict adherence to regulatory standards.
- Strategic Ownership: Shifted from a traditional technology partner role to a trusted advisory position, contributing to business strategy and operations.
- Innovative Revenue Model: Adopted a revenue-sharing approach, aligning business success with customer outcomes.
Tech stack
- Programming Languages & Frameworks: ASP .NET 4.7 MVC, C# .NET, AngularJS
- Database & ORM Tools: Microsoft SQL Server, Entity Framework, Dapper
- Payment Integration: Payflow API
- Cloud Infrastructure: Azure, RackSpace
Impactful results
- 100% error-free migration with zero downtime.
- 50% reduction in hosting costs, significantly improving profitability.
- 40% boost in process efficiency, optimizing mortgage operations.
- 80% automation, minimizing manual efforts and enhancing workflow accuracy.
- Strategic transformation, evolving from technology service providers to key business advisors.
- Enhanced customer experience, securing long-term trust and satisfaction.