About the Client
A credit union in Alabama with over $ 300 million in assets for serving
the banking needs of its customers.
Business Requirements
- The credit union has a flourishing business of loans for solar panels.
- Each entry is required to be posted in the Lenderlink loan servicing
application. This also requires numerous data validations. - Manual posting of each loan application consumed about 20 to 25
minutes.
Our Solution
- Ellicium developed an UiPath based bot to automate the loan posting process.
- The bot collects data from loan originations file received from the originations provider and posts the application in Lenderlink automatically after validations for SSN, address, application details.
Solution Architecture
Business Outcomes
- The manual process required about 20 minutes per loan posting. This was reduced to about 5 minutes post automation, resulting in 75% reduction in execution time.
- Daily task of 60+ postings resulted in reduction of 2 FTEs performing the process manually.
- The solution is inherently capable of managing 500% workload using parallel execution of bots.