About the Client
A credit union in Alabama with over $ 300 million in assets for serving
the banking needs of its customers.
- 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
- 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.
- 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.