PPP Loan Origination & Forgiveness
Digital platform for PPP loan origination and forgiveness with client and back-office portals and SBA integrations.
Technology Stack
Cloud HostingDocuSign IntegrationSalesforce IntegrationSBA IntegrationSplunk & ELK Stack
Challenges
- Create a digital platform to originate Loans
- PPP loan origination & forgiveness
- Online portals for the borrowers and back-office users
- Real time integrations with the LOS
- Implement back-office portals for processing, underwriting, closing and funding
Our Solution
- Create small business loan origination and forgiveness framework
- Client facing portals to submit the origination and forgiveness
- Back-office portals to compliance / risk / closing and funding
- Seamless integration and flow of data and documents from origination to forgiveness
- Integration with DocuSign / Salesforce and core deposit systems
- Real time SBA integrations
- Single Sign On Integrations
- On-Prem cloud hosted Solution
- Automation of infrastructure and application monitoring using Splunk and ELK stack
Results & Benefits
On-boarded 20K+ PPP loans in Round 1 and Round 2
Approved forgiveness for over 8K+ applications with 600MM+ payments received from SBA
Real time dashboards and reporting to the executive management.