Microsoft Lending Reference Architecture

0 %
100 %
Information about Microsoft Lending Reference Architecture
Technology

Published on February 9, 2009

Author: mikejwalker

Source: slideshare.net

Description

Microsoft Lending Reference Architecture Overview

Microsoft Lending Reference Architecture Mike Walker Financial Services Architecture Strategist http://blogs.msdn.com/MikeWalker http://msdn.microsoft.com/architecture/orlos

Goals of the Architecture Scalable and Robust Lending Platform Composite Architecture that lends to SOA principles Clear separation of technology aspects Human and System Workflows Information architecture Security Concept of an Application Services Layer Components that consume and share industry standards schemas (e.g., MISMO) Presentation Layer Web Based Portal Extensible UI Application Services Layer Office Clients Business Rules Engine Centralized Business Rules Orchestration Layer SQL Server 2005 3rd Party External Mortgage Providers Lending Message Bus State full Web Services Stateless Web Services Business Process Management Data Services Layer

Scalable and Robust Lending Platform

Composite Architecture that lends to SOA principles

Clear separation of technology aspects

Human and System Workflows

Information architecture

Security

Concept of an Application Services Layer

Components that consume and share industry standards schemas (e.g., MISMO)

Addressing Business Challenges Strong Regulatory factors such as: HMDA, CRA and Customer Privacy Lending is process heavy with many un-needed manual processes Lenders must deal with 40 unique documents that span up to 300 pages Highly competitive landscape where products and the rates of those products give them the edge Technology efficiencies can help: A 30 year fixed mortgage rate offered online is an average 50 basis points lower than that available offline * * US Market Forecast - JupiterResearch 2005

Strong Regulatory factors such as:

HMDA, CRA and Customer Privacy

Lending is process heavy with many un-needed manual processes

Lenders must deal with 40 unique documents that span up to 300 pages

Highly competitive landscape where products and the rates of those products give them the edge

Technology efficiencies can help:

A 30 year fixed mortgage rate offered online is an average 50 basis points lower than that available offline

Logical Model Presentation Layer Web Based Portal Extensible UI Application Services Layer Office Clients Business Rules Engine Centralized Business Rules Orchestration Layer SQL Server 2005 3rd Party External Mortgage Providers Lending Message Bus Statefull Web Services Stateless Web Services Business Process Management User Interface Framework Unified Collaboration Business Intelligence Enterprise Content Management Data Services Layer Data Services Layer Portal Framework Workflow Search Business Data Catalog Security Framework Open XML Formats

Architecture Guidance (5 Whitepapers) Rich Media (Web Casts) Hands on Labs and MSDN Virtual Labs OBA Reference Application Pack (RAP) for Loan Origination Systems in Financial Services Based on .Net Architecture Frameworks Code Artifacts What is included Custom Web Parts WSS Site Templates WF Workflows BDC Entities InfoPath Forms MISMO Accelerator BizTalk Orchestrations BRE Rules SQL Server Schemas Web Services Proxies Reports Glue Code MSI for Installation Lending Channels Lending Reference Architecture Retail Wholesale Correspondent

Architecture Guidance (5 Whitepapers)

Rich Media (Web Casts)

Hands on Labs and MSDN Virtual Labs

OBA Reference Application Pack (RAP) for Loan Origination Systems in Financial Services

Based on .Net Architecture Frameworks

Code Artifacts

Custom Web Parts

WSS Site Templates

WF Workflows

BDC Entities

InfoPath Forms

MISMO Accelerator

BizTalk Orchestrations

BRE Rules

SQL Server Schemas

Web Services Proxies

Reports

Glue Code

MSI for Installation

A Walk-Thru MOSS - Application Services Layer I need a loan… I am going to go to WoodGrove Bank Broker Master Loan Flow (MLF) Active 1003 Entry Pricing Lock Services Underwriting Close Lending Message Bus LOB Systems B2B Business Rules Engine Orchestration Layer Loan Forms

Registration Workflow Translating Business Process into WF InfoPath Flows Registration Pricing Lock Approval Process Master Loan Flow (MLF) Activate Register Loan Lock Processing Services Underwriting Doc Gen Fund

Global Workflow Interactions Master Loan Flow (MLF) Activate Loan Active Loan Save Lock Services Underwriting Close InfoPath Flows Registration Pricing Lock Approval Process Integration Services Underwriting Rules Decision Engine Enterprise Loan Orchestrations (ELO) Products and Pricing Flow (PPF) Rate Entry Approval Processes Rates Published Blackout Over

Lending Message Bus Lending Message Bus Centralize Business Processes Examples include: Get Products and Pricing Automated Underwriting Pull Third Party Data Multi-Channel Integration Measure and React Gauge Health Obtain view in to process optimizations KPIs Management Dashboards Alerts Agile Business Ability to react to market trends and customer needs Augment the process Create new products and services more effectively

Centralize Business Processes

Examples include:

Get Products and Pricing

Automated Underwriting

Pull Third Party Data

Multi-Channel Integration

Measure and React

Gauge Health

Obtain view in to process optimizations

KPIs

Management Dashboards

Alerts

Agile Business

Ability to react to market trends and customer needs

Augment the process

Create new products and services more effectively

Summary of V2 Additions Virtual Machine Optimizations Make image smaller Improve performance Visual Studio 2008 Upgrade MOSS to SP1 Integration of Presence and Instant Messaging Excel based Mortgage Calculators (5) Additional Content Management 2 New Business Intelligence Reports InfoPath Form Work Updated the Quick Registration Form Enhance Look and Feel Added 1003 InfoPath based Form Document Generation Code Integration *

Virtual Machine Optimizations

Make image smaller

Improve performance

Visual Studio 2008

Upgrade MOSS to SP1

Integration of Presence and Instant Messaging

Excel based Mortgage Calculators (5)

Additional Content Management

2 New Business Intelligence Reports

InfoPath Form Work

Updated the Quick Registration Form

Enhance Look and Feel

Added 1003 InfoPath based Form

Document Generation Code Integration *

New Home Page My Pipeline

Mortgage Calculator

“ My Sites” for Broker Online Mortgage Personnel My Documents My Profile

Property Screen S+S MLS Lookup Web Service WS Call RETS Standard Lookup Table with ID to Property Pairs ADO.Net

Document Generation Master Loan Flow (MLF) Activate Register Loan Lock Processing Services Underwriting Doc Gen DocGen Service Call Web Service - Pass Document Name (Ex: Truth in Lending) and the InfoPath XML Retrieve Mappings and Word Document Template from SQL New Document Library for Borrower DocLib should be named what ever the <LoanID> is. Fund Fire Event Custom Controls in document

What DocGen can be used for: Closing Documents Legal: Promissory Note Security Instrument Assignments ESIGN Disclosures and Consent Federal Truth In Lending: Truth In Lending Disclosure Itemization of Amount Financed Right to Cancel RESPA: Notice of Assignment, Sale, or Transfer of Servicing Rights RESPA Servicing Disclosure Initial Escrow Account Statement HUD-1 HOEPA / PMI: PMI Disclosures – Fixed, ARM, Amortization Schedule ECOA: Fair Lending Notice Right to Copy of Appraisal Broker / Lender / Investor Specific: Closing Instructions Payment Letter Affidavit of Occupancy Signature/Name Affidavit E/O Compliance Agreement Borrower’s Certification and Authorization Hazard Insurance Authorization, Reqts and Disclosure Tax Information and Collection Notice of Flood Hazard Area Flood Insurance Notification / Authorization Request for Copy of Tax Form (4506) Request for Tax ID & Certification

Legal:

Promissory Note

Security Instrument

Assignments

ESIGN Disclosures and Consent

Federal Truth In Lending:

Truth In Lending Disclosure

Itemization of Amount Financed

Right to Cancel

RESPA:

Notice of Assignment, Sale, or Transfer of

Servicing Rights

RESPA Servicing Disclosure

Initial Escrow Account Statement

HUD-1

HOEPA / PMI:

PMI Disclosures – Fixed, ARM, Amortization Schedule

ECOA:

Fair Lending Notice

Right to Copy of Appraisal

Broker / Lender / Investor Specific:

Closing Instructions

Payment Letter

Affidavit of Occupancy

Signature/Name Affidavit

E/O Compliance Agreement

Borrower’s Certification and Authorization

Hazard Insurance Authorization, Reqts and Disclosure

Tax Information and Collection

Notice of Flood Hazard Area

Flood Insurance Notification / Authorization

Request for Copy of Tax Form (4506)

Request for Tax ID & Certification

APPLICATION SCENARIOS Backup Slides

Backup Slides

Broker MLF Screen Workflow        

Excel in Secondary Workflow Collections Document Library Farm-level Workflow Association Table Rate Alerts LOB Integration Persist to database

InfoPath Loan Application Screen Document Library <?xml version=&quot;1.0&quot; encoding=&quot;utf-8&quot;?> <xs:schema xmlns=&quot;http://tempuri.org/MORTGAGE_APPLICATION_v2_1&quot; elementFormDefault=&quot;qualified&quot; targetNamespace=&quot;http://tempuri.org/MORTGAGE_APPLICATION_v2_1&quot; xmlns:xs=&quot;http://www.w3.org/2001/XMLSchema&quot;> <xs:element name=&quot;LOAN_APPLICATION&quot;> <xs:complexType> <xs:sequence> <xs:element minOccurs=&quot;0&quot; maxOccurs=&quot;1&quot; ref=&quot;_DATA_INFORMATION&quot; <xs:element minOccurs=&quot;0&quot; maxOccurs=&quot;1&quot; ref=&quot;ADDITIONAL_CASE_DATA&quot; /><xs:element minOccurs=&quot;0&quot; maxOccurs=&quot;1&quot; ref=&quot;AFFORDABLE_LENDING&quot; /> <xs:element minOccurs=&quot;0&quot; maxOccurs=&quot;unbounded&quot; ref=&quot;ASSET&quot; /> <xs:element minOccurs=&quot;0&quot; maxOccurs=&quot;unbounded&quot; ref=&quot;DOWN_PAYMENT&quot; /> <xs:element minOccurs=&quot;0&quot; maxOccurs=&quot;1&quot; ref=&quot;GOVERNMENT_LOAN&quot; /> <xs:element minOccurs=&quot;0&quot; maxOccurs=&quot;1&quot; ref=&quot;INTERVIEWER_INFORMATION&quot; /> MISMO XSD

Underwriter Approval Process Embedded InfoPath form with IRM Protection BizTalk Office SharePoint Server 2007 1. Underwriter Rules Fired 2. MLF Starts UW Workflow Loan Origination System Underwriter (UW) WF 3. Loan Approval Form Sent 3. Return signed with manual corrections Master Loan Flow (MLF) Activate Loan Active Loan Save Lock Services Underwriting Close

Lending Message Bus Architecture MISMO Accelerator XML Adapter File Adapter Orchestration Services Business Rules Engine File Landing Zone Files Custom XML FannieMae Files MISMO XML MISMO XML

Add a comment

Related presentations

Related pages

Oil & Gas and Mining: Reference Architecture

Microsoft's Upstream Reference Architecture. Upstream operators are demanding software solutions that enable them to work smarter and take advantage of new ...
Read more

Microsoft Lending Reference Architecture V-Lab Released ...

I am very excited to announce that we have finally released the Virtual Lab for The Microsoft Lending Reference Architecture Version 1. I have ...
Read more

Developing the Reference Application Pack for the Loan ...

Developing the Reference ... This article discusses two aspects of the architecture: Lending ... The assembly to be included in the references is Microsoft ...
Read more

Reference Architecture Framework for Discrete Manufacturing

Reference Architecture Framework for ... The Microsoft Upstream Reference Architecture. ... National Bank of Abu Dhabi builds syndicated lending success.
Read more

Reference Architecture

Three reference architectures are provided to highlight the Microsoft Lync Server 2010 communications software topologies that have been tested ...
Read more

Microsoft Industry Reference Architecture for Banking (MIRA-B)

Microsoft Industry Reference Architecture for Banking Worldwide Financial Services Page 6 Traditional Silos vs. Shared Service Integration Approach
Read more

Loan Origination Reference Architecture - Home

The Loan Origination Reference Architecture shows how to build architectures that unify people, process and technology through familiar Office 2007 user ...
Read more

Reference Architecture Design

Previous versions of the reference architecture for Microsoft Solution for Hosted Messaging and Collaboration specified a flat, single tiered ...
Read more