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Custom Mortgage Software Development Services

In financial IT since 2005, ScienceSoft provides full-cycle custom mortgage software development services to deliver efficient and secure mortgage solutions tailored to each lender’s needs.

Custom Mortgage Software Development Services - ScienceSoft
Custom Mortgage Software Development Services - ScienceSoft

Custom mortgage software development is aimed at creating flexible digital solutions with functionality bound to the specific needs of mortgage sales teams, mortgage underwriters, mortgage servicing specialists, and credit reporting experts.

ScienceSoft applies 35 years of experience in custom software development and 19 years in lending IT to deliver accurate and compliant solutions that smoothly automate specialized mortgage operations.

Digital Mortgage Solutions for All Lending Market Sectors

  • Banks offering mortgage loans
  • Credit unions
  • Non-bank mortgage lenders
  • Mortgage brokerage firms
  • Secondary market lenders
  • Mortgage market regulators
  • Mortgage technology startups
  • Mortgage software product companies

Custom Software to Transform Your Entire Mortgage Cycle

Depending on your needs, ScienceSoft can develop a custom solution to digitalize particular mortgage operations or a comprehensive system to automate your mortgage processes end to end.

  • Processing multi-channel applications across various mortgage types.
  • Geography-based KYC/AML verification for new clients.
  • Borrower solvency and credit risk assessment.
  • Automated mortgage loan approval.
  • Calculating down payments, escrow deposits, APRs, and closing-associated fees.
  • Generating mortgage closing documents: good faith estimates, disclosure statements, HUD-1 settlement statements, deeds of trust, and more.
  • Multi-party document e-signing and EDI.
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  • Creating individual mortgage loan repayment plans.
  • Calculating mortgage repayment amounts: down payment, principal payment, interest payment, service fee, property tax, etc.
  • Mortgagee billing automation.
  • Mortgage escrow account management.
  • Monitoring mortgagee risks, including pre-default events like litigation, cease, and desist.
  • AI-assisted debt recovery: collections, debt restructuring and refinancing, foreclosure, etc.
  • Delinquency reporting to credit bureaus.
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  • Scenario modeling for mortgage pricing strategies.
  • Calculating product- and customer segment-specific mortgage prices.
  • Template-based mortgage quote creation.
  • AI-supported mortgage price optimization.
  • Automated updating of mortgage prices across the client-facing platforms.
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Mortgage portfolio management

  • Configurable mortgage loan portfolio structures.
  • Mortgage portfolio performance control and risk management.
  • Rule-based and AI-powered portfolio limit assignment.
  • Automated mortgage loan selling and purchasing on the secondary market.
  • Mortgage securitization and investor pool management.
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  • Mortgage collateral (property) registering and title check.
  • Rule- or AI-based assessment of collateral risks and profitability.
  • Automated collateral appraisal based on the property characteristics (location, age, condition, square footage, etc.), market price, risk and profitability levels.
  • Automated collateral foreclosure workflows.
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  • Tracking KPIs like pull-through rate, mortgage approval rate, average mortgage loan value, closing cycle time, default rate, and more.
  • Customizable dashboards for various mortgage team roles (underwriters, servicing specialists, analysts, etc.).
  • Predictive mortgage analytics and demand forecasting.
  • Regulatory reporting in compliant formats (e.g., HMDA and Regulation C for the US).
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Mortgage portals

  • Self-registration and account management for mortgage customers, brokers, and correspondent lenders.
  • Customer self-service options for creating mortgage applications, requesting mortgage term adjustments, and repaying mortgage via the selected payment method (bank transfer, card, e-wallet, etc.).
  • A full history of mortgage transactions and documents.
  • Instant messaging for mortgage specialists and clients.
  • AI-powered chatbots for 24/7 mortgage customer support.
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Mortgage platforms

  • Criteria-based search of the best-fitting mortgage providers.
  • Mortgage price calculator.
  • Customizable mortgage term comparison reports, including competitor benchmarking reports for mortgage lenders.
  • In-built platform features for automated mortgage underwriting and servicing.
  • AI-powered virtual assistants to help users solve any arising issues.
  • Instant messaging for mortgage providers, mortgage prospects, and portal admins.
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Get the Critical Mortgage Software Aspects Covered

ScienceSoft’s approach to mortgage software accuracy rests on gathering complete requirements, meticulous business logic design, standardized coding practices, and rigorous testing. Our engineers shift QA procedures left to remedy potential software logic issues as early as possible and avoid costly changes at later project stages.

Longevity

ScienceSoft prioritizes modular cloud architectures (SOA, microservices) and modern techs to create scalable, easy-to-upgrade mortgage solutions that will be growing in line with our clients’ business needs. We provide comprehensive documentation for mortgage software to streamline maintenance and evolution.

Security

In cybersecurity since 2003, ScienceSoft helps establish robust protection of custom mortgage apps and IT infrastructure. We apply role-based access control, multi-factor authentication, data encryption, intelligent user entity behavior analytics (UBA), authorization controls for APIs, and other proven security mechanisms.

Compliance

We design mortgage software with regulatory requirements in mind and run pre-launch compliance assessment to ensure adherence to the necessary legal frameworks. Our compliance experts with 5–20 years of experience will help you achieve compliance with ECOA, HMDA, FCRA, FDCPA, FCBA, TRID, GDPR, and more.

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Explore ScienceSoft’s Featured Projects for the Lending Industry

Our BFSI Customers on ScienceSoft’s Development Approach

When challenges arose, ScienceSoft problem-solved and elicited maximum potential with every system improvement. Ultimately, they took the project to the heights I never expected it to reach.

We are impressed with ScienceSoft’s pragmatic project management, quality-first mindset, and transparent communication. They are strongly motivated to deliver maximum value with their services.

We especially appreciate ScienceSoft’s professional approach to security issues, which were among our main concerns due to strict regulations.

The team has been delivering results within budget and time. I’m absolutely satisfied with the quality of their services, their development skills and responsibility, and the way they manage communication.

Full-Cycle Mortgage Software Services Tailored to Your Needs

Mortgage software consulting

ScienceSoft designs the optimal architecture, features, UX/UI, and tech stack for your custom mortgage solution. You also receive a detailed project plan that comprises budget and timeframe estimates and pragmatic risk mitigation steps.

I'm interested

Mortgage software development

ScienceSoft’s team handles the entire development process, including software design, coding, integration, and QA. You obtain an MVP of your mortgage solution in just 3–7 months. We can also provide user training and after-launch software support.

I'm interested

Mortgage software modernization

ScienceSoft can redesign the architecture, UX/UI, and tech stack of your current mortgage solution, revamp legacy software code, and add the required features. You get modern mortgage software quickly and at a reduced cost.

I'm interested

Why Develop Mortgage Software with ScienceSoft

  • 35 years in IT and 4,000 successfully delivered projects.
  • Since 2005 in software development for the financial services industry.
  • 550+ software engineers, 50% of whom are seniors or leads.
  • Software consultants and project managers having experience in large-scale projects for Fortune 500 companies.
  • Proficiency in advanced techs: cloud, AI/ML, big data, blockchain, and more.
  • Quality-first approach based on an ISO 9001-certified quality management system.
  • Robust security management supported by ISO 27001 certification.
  • Our custom mortgage software development company has been featured on the Global Outsourcing 100 list by IAOP for three consecutive years.

ScienceSoft USA Corporation Is a 3-Year Champion in the Financial Times Rating

Three years in a row (2022–2024), the Financial Times has included ScienceSoft USA Corporation in the list of 500 fastest-growing American companies. This is the result of our dedication to driving project success despite any constraints and disruptions.

ScienceSoft’s Practices to Succeed in Mortgage Software Development

You set the goals, we drive your mortgage software project to meet them no matter what. Our teams ensure that cost and timeframes are predictable, that viable changes are handled agilely, and that risks are addressed in a pragmatic way.

Follow the links to explore the descriptions of ScienceSoft’s project management and development practices backed by examples from our recent projects. If you need more details on our activities or want a tailored pack of samples relevant to your case, feel free to talk to our consultants.

 

Mortgage Software Integrations for Cohesive Process Automation

ScienceSoft is ready to integrate your custom mortgage solution with all necessary systems and develop ready-to-use APIs so that your partners and business clients can easily connect to your software.

Corporate systems

External data sources

  • Credit rating platforms of credit bureaus (e.g., Equifax, Experian, TransUnion).
  • Mortgage insurance providers’ systems (e.g., Arch MI, National MI, Enact).
  • Land registration systems of local property registration authorities.
  • Bank accounts.
  • Mortgage loan trading platforms.

Third-party services

  • Payment gateways of banks or independent payment service providers (e.g., PayPal, Stripe).
  • Authentication services (e.g., OneLogin, Auth0).
  • Messaging services.
  • Employee productivity tools (Trello, Slack, Zoom, etc.).

Proven Tech Stack to Develop Custom Mortgage Software

Advanced Techs to Drive Higher Mortgage Software Value

With hands-on experience in AI, big data, and blockchain implementation, ScienceSoft drives the secure adoption of innovative techs in the mortgage sector.

Artificial intelligence

Use cases: mortgage process automation, borrower pre-qualification, and risk assessment.

Reported benefits: 2–24x faster processes, a 30–50% decrease in operational expenses, up to a 50% increase in mortgage origination volume, and a 20–30% reduction in mortgage defaults.

Computer vision

Use cases: automated processing of mortgage-associated documents.

Reported benefits: a 35%+ increase in the mortgage origination team’s productivity, up to a 95% reduction of manual document processing tasks, 70%+ faster mortgage loan boarding.

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Blockchain

Use cases: automated multi-party mortgage transactions, mortgage workflow traceability.

Reported benefits: a 25–50% shorter total transaction time throughout the mortgage cycle, 100% visibility of multi-party mortgage transactions and events, secure sharing of mortgage data.

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Big data

Use cases: risk analytics, collateral appraisal, mortgage pricing.

Reported benefits: early detection of delinquency risks and mortgage fraud; higher accuracy of mortgage approval, pricing, and portfolio decisions resulting in increased business profitability.

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ScienceSoft’s Senior Business Analyst and Financial IT Consultant

The share of automated workflows is the primary ROI driver for mortgage software, and AI is the major enabler of process automation. Still, many mortgage providers resist the technology for fear of opaque and biased AI output leading to legal troubles. At ScienceSoft, we help our mortgage clients define the optimal degree of intelligent automation and create AI models with transparent, easy-to-interpret decisioning logic that reaches 95%+ accuracy and simplifies the proof of compliance.

Wondering How Innovative Techs Will Work in Your Particular Case?

Our consultants are ready to assess the feasibility of a chosen technology for your mortgage processes, point out the high-ROI technology application areas, and advice on the optimal implementation options.

Custom Mortgage Software Development Cost

The cost of developing custom mortgage software may range from $250,000 to $2,000,000+, depending on the solution’s functional scope, the number and complexity of integrations, UX/UI specificity, and the requirements for performance, scalability, security, and compliance.

Here are ScienceSoft’s sample cost ranges:

$250,000–$400,000

A mortgage portal of average complexity. The portal covers client-side, employee, and partner features.

$400,000–$800,000+

A solution that automates a particular mortgage area (e.g., mortgage loan underwriting of mortgage servicing).

$1,000,000–$2,000,000+

An end-to-end mortgage automation system powered with AI/ML and real-time data analytics for a mid-sized mortgage provider.

*The estimates provided are not ScienceSoft's official offer for mortgage software development. We calculate the cost of each project individually, based on each customer’s specific situation and needs.

Learn the Cost of Your Custom Mortgage Solution

Please answer a few simple questions about your business needs to help our consultants calculate your quote quicker.

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*What type of company do you represent?

*What is the expected number of software users, approximately?

*How many organizations do you plan to target with your software, approximately?

*How many end users (individuals from all organizations) will use your software, approximately?

*What functional modules and components should your mortgage solution include?

*What mortgage processes should your software automate?

*Should your software provide advanced analytics?

*Which software version do you currently need?

*Which platforms should your mortgage software support?

What mobile platforms do you plan to target?

What development options are you interested in?

*Do you have any preferences for the deployment model?

*Would you require any integrations?

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With other corporate solutions, external systems (e.g., credit rating platforms, land registration systems), or third-party services (payment processing, user authentication, messaging).

*Are there any compliance requirements for your planned solution? Choose all that apply.

Do you need to migrate data from legacy software?

*Do you have any tech stack preferences?

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Particular programming languages, software platforms, cloud services, etc.

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Our team is on it!

ScienceSoft's experts will study your case and get back to you with the details within 24 hours.

Our team is on it!