Creating a new revenue stream for a Canadian Fintech firm through automated post QC process using Copasys

Business Challenge

Our client developed a cutting-edge digital Loan Origination System (LOS) that is transforming the Canadian mortgage market. However, they overlooked the need for a post-production Quality Control (QC) process to ensure loans align with investor and regulator standards.

Coforge Solution

Coforge proposed integrating the Copasys® platform with the client’s LOS. We built a comprehensive rule set to cover all major investors and regulators' guidelines. The completed loan will now flow into the automated QC platform via integration, where it will be tested against relevant standards before being dispatched to the final investor, providing a unique advantage over other LOS platforms.

Results

Coforge's solution opens a new revenue opportunity in an untapped area for the client. As the only platform to offer built-in automated compliance testing, it enables the client to pursue new business streams as a standalone compliance testing entity for loans originated on other platforms, providing a significant competitive advantage.

Key Highlights

Co-creation with a client to enter an untapped area in the Canadian mortgage market. This has the potential to reshape the way loans are insured and securitised in Canada.