Hexaware’s common securitization platform integrated 700+ attributes from 15 data sources, processing 16 million records monthly to deliver $250K in value adds and ensure regulatory compliance for a North American mortgage provider.
Client
The client is a secondary mortgage provider in North America. They partnered with Hexaware under a multi-year contract for a common securitization platform development initiative.
Challenge
Business Challenges
- Weak Industry Standards: Weak standards across the mortgage industry failed to mitigate risks such as sub-prime lending, which previously led to a housing market collapse.
- Inadequate Security: The absence of a single security program for secondary and private mortgage companies resulted in vulnerabilities that could lead to another industry-wide disaster.
IT Challenges
- Data Sourcing: The client needed an efficient method to source data through multiple interfaces, such as messaging queues, enterprise service bus (ESB), legacy file systems, enterprise connectivity framework (ECF), databases, etc.
- Data Integration: The client faced the challenge of integrating the data from multiple sources in a seamless manner. Ensuring consistency across these disparate systems was essential for data integrity and operational efficiency.
Regulatory Compliance: There was a pressing need to deliver a solution that complied with strict regulatory requirements set by the Federal Housing Finance Agency (FHFA).
Solution
Program initiative
To address the client’s challenges, Hexaware first identified the strategic initiatives that would be necessary:
- Building a new platform to support data integration between the secondary mortgage entity and common securitization.
- Providing common data integration services that include data sourcing, vending, translation, and reconciliation.
- Simplifying the data infrastructure while strengthening controls and data quality.
We then implemented a comprehensive, multi-layered solution focused on robust data management and streamlined securitization.
- Hexaware developed a low-latency data store to support strategic initiatives, operations, and business analytics, allowing all single-family (SF) loan data consumers across the enterprise to leverage a single trusted source.
- We deployed a flexible and extensible framework that integrated data from multiple sources and utilized enterprise services and vendor data to support business needs.
- We established a consistent, validated, and trusted source of single-family loan data, which formed the basis for operational and decision processes while meeting regulatory and corporate requirements.
- We ensured delivery of the single-family loan data to the common securitization platform through a common and reusable services layer.
Benefits
Key outcomes of Hexaware’s common securitization platform development:
- 700+ attributes seamlessly integrated across the platform from 15 different data sources
- 650+ informatica mappings implemented
- 7+ years of historical data integrated
- 16 million records processed per month
- 50+ interfaces developed
- 8 new customer value-add tools created
- $250K in customer value-adds realized
Summary
Hexaware partnered with a North American secondary mortgage provider to develop a common securitization platform and enhance enterprise data infrastructure. By integrating 700+ attributes from 15 data sources, the solution streamlined data flow, improved data quality, and delivered $250K in value adds, processing 16M records monthly and supporting regulatory compliance.
Transform your data integration and securitization processes—connect with Hexaware’s experts at marketing@hexaware.com to unlock seamless, compliant, and high-value mortgage operations.
