Your mortgage technology is supposed to be able to provide you with vital information on borrower eligibility and risk adjustment. Targeting as a long-term function becomes easier to improve with the right technology. DW or data warehousing testing is a part of testing services provided by many companies so that banks know their potential customers, but mortgage companies need automation, performance, software development for finance industry and security testing as well—so that online customers are catered to with a superior level of service. After all, there’s a thin line between satisfying and letting down online customers.

While automation and performance testing are important for maximizing user-friendliness, DW testing can ensure the basic need of keeping your technology well fueled with real-time intelligence.

Mortgage software for technology is deployed as cloud applications, which can be tested and re-deployed without downtimes.

Do you have a service level agreement?

TaaS (Testing as a Service) is one of the best outcomes of the digital era. Although unnoticed, the concept of delivering testing services on a continuous and agreement-driven basis became a significant part of achieving consistent performance once software was possible to be deployed over cloud. The TaaS model proves useful for achieving challenging performance metrics and benchmarks related to loan origination (LOS) and point of sale (POS) applications. They have to be kept accessible across channels and platforms without letting your customers suffer from glitches at any instance.

Test process consulting

It is important to have a software provider that believes in flexibility of the process being followed for testing your mortgage solution. With a vast range of functions, the process of testing might require changes to fit your budget and resource allocation. Test process consulting requires unbiased assessment of the time and money spent on the entire process, which sometimes happens to be a time-consuming affair. Be careful about choosing software vendors that provide you with knowledge about testing throughputs. On the other hand, rapid testing has emerged as one of those features you might want to seek in your vendor.

SDLC and agile testing

In many cases, bankers suffer the problems of inappropriate testing models during software development. The usual mishap is slow development due to problems cropping up towards the later stages of development. This might lead to a never-ending loop of fixing and testing. With the right approach, you can achieve defect elimination through error-proofing during early phases of the project. A proper framework for application testing ensures that you mitigate costs and that your vendor doesn’t run your costs into risk.

Ensuring holistic testing efficiency and outcome

You need at least 95% test efficiency at the end of the project. Besides, software testing is not just about whether your application works right. In order to maximize your profits from operations, you need to check – from time to time – whether your mortgage technology solution is able to improve outcomes in depth.

Check for the following attributes in your vendor’s testing approach:

• Is resource allocation optimized for functions performed through your API?
• Is your application able to handle risk and exceptions with 100% efficiency?
• Are tasks scheduled as per streamlining strategies decided by top management?
• Does your software provide defect and risk notifications?

Technology has come a long way to allow mortgage providers to maximize profit – not only through BI and superior third-party integration – but also from refining software functionality. Continuous improvement is the philosophy that professional software developers are adopting increasingly in today’s digital world. While business intelligence has become easier to achieve with access to data over the cloud, it is important to understand how business outcomes can improve with testing your software for better outcomes on a frequent basis.

Author Bio:

Preethi vagadia is a business architect worked in Mortgage and Finance software department with top notch companies and has over 8 years of experience in Mortgage Lending Technology, Mortgage Loan Servicing Technology, mortgage management software, Mortgage technology solution software etc.  She has also worked in several process improvement projects involving multi-national teams for global customers in warranty management and mortgage.