COMP3900/9900 Mortgage Management System
Mortgage Management System
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COMP3900/9900
Project 9
Mortgage Management System
Mortgage management systems help automate the entire home loan lifecycle.
These applications can help with processing customer information, create new
loans, and more. They can also provide lenders with accurate estimations and
reports.
The developed system must, at least, allow the following:
• Bank personnel and customers should be able to register and login using
username and password credentials.
• Bank personnel should be able to add loan packages and loan
information in the system.
• Customers can apply for home loan by filling a form and upload the
necessary documents.
• The system should be able to calculate loan limit based on customers’
income, their expenses, and their dependents.
• The system should be able to calculate repayment, interest rate based
on criteria, such as, the deposit percentage and the stamp duty based on
the property price.
• Customers can search the system for different loan packages.
• The system should be able to provide some recommendations for a loan
package based on different criteria provided by customers. These criteria
are, for instance, repayment amount, deposit amount, and interest rate.
• Bank personnel need to have a dashboard to get different reports and
approve customers’ loan request.
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• The system should provide a calculator for customers to calculate loan
limit based on their income, their expenses, and their dependents before
they fill in the application form.
• Customers can make an online appointment with the bank personnel to
discuss about their loan. The system should provide a calendar with free
spots of the bank personnel to enable customers to book an appointment.
• Bank personnel can see bookings in the calendar.
You need to come up with at least, eight (8) functionalities including, at least,
two (2) novel functionalities with respect to existing similar mortgage
management systems.
Some ideas for novel functionalities:
• A chatbot to enable customers to ask loan related questions such as their
loan limit based on their income and expenses (you can use an API to do
this).