This Financial Portal is a sophisticated online platform designed to streamline complex financial computations for individuals interested in shared property ownership in the UK. The portal replaces the manual and cumbersome process of using a large WordPress form, automating the assessment of affordability for customers based on their financial data.
Financial Assessments Portal
The Problems
The client was facing significant challenges with their existing WordPress-based solution for financial assessments. The process was manual, time-consuming, and required extensive administrative review, leading to inefficiencies and delays. The objective was to develop an online portal that could automate these calculations, making the process more efficient and user-friendly.
Manual Calculations: The previous system relied on a large WordPress form, which required manual input and review, leading to errors and inefficiencies.
Complex Financial Data: Handling intricate financial data and computations to determine property affordability was challenging.
Integration with Lenders: The portal needed to integrate with potential lenders to provide users with relevant financial options based on their data.
Data Submission: Facilitating smooth data submission through a user-friendly interface or via API integration from external applications.
Technical Facts
01
Financial Calculations
The portal performs detailed financial calculations based on an Excel sheet provided by the client. It considers factors such as income, debt-to-income ratio, credit score, property values, and various shared ownership schemes.
02
Lender Integration
Integration with potential lenders via APIs to retrieve relevant options based on user data.
03
API Integration
Designed to allow data import from other financial institutions or applications used by potential buyers, enabling seamless data submission.
The Solution
To address these challenges, we developed a custom financial portal using Laravel for the backend and jQuery for the frontend. The key features of the solution included:
Automated Financial Calculator
Lender Integration
User-Friendly Interface
Continuous Development
Results
The Censeo Financial Portal significantly enhanced the client's operations by automating financial calculations, improving user experience through a streamlined interface, expanding access to potential lenders, and providing a scalable foundation for future growth, ultimately streamlining processes, minimizing errors, and empowering customers to make informed decisions about shared property ownership.
