Cove Financial Engages Perfectial to Build Digital Underwriting Platform and Mortgage Qualification App
Cove Financial Group makes homeownership accessible. It brings the American dream closer to average families, which are often underserved by traditional mortgage providers.
The company came up with Mortgage Alternative Program (MAP) which would allow a would-be buyer, who doesn't yet qualify for a bank mortgage, to enter into escrow and then lease a chosen home comfortably from Cove, until they get mortgage financing.
The leasing could last up to 6 years; it’d be available for everyone who’s able to make a down payment.
By offering MAP, Cove Financial Group hopes to transform homeownership as we know it; and to have this noble idea brought to life, Cove has reached out to Perfectial - the experienced software vendor which now is its technical partner.
Besides building a comprehensive web application that allows to apply for MAP and carries out the “self-serve” mortgage qualification, we had to equip Cove with advanced marketing features, as the company’s representatives had requested.
Having a knack for integration with external solutions, a vast expertise in .Net framework and in REST interface development, we were able to meet every demand the Cove’s team had expressed. Here’s precisely the steps we took:
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