Published on Sep 05, 2023
Lending Tree is an interface which facilitates a customer to apply for a loan from on-line and to track the status from time-to-time along with aiding the loan approval agency to verify and accept/reject the customer file. Lending Tree is unique in such a way, it not only helps the customers but also the loan agency to check the pending, assign it to a departments, complete the formalities and procedures between the departments and arrive at decisions to very fact in addition to providing a transparency system for everyone.
The customer can directly apply for a loan by selecting a bank and loan type from the list available. The application is received by loan agency that will have three departments- PickUp, Verification and Legal. This system can be controlled by the administrator. First he will look at the application received and allot the application for a particular employee of pickup department.
The employee will go and make a physical verification of the documents at the customers and receives the documents necessary for the loan. Then he logs into this system and forwards the application to the verification department which will verify the whereabouts of the person, his organization, his salary particulars etc. and then forwards the application with a status verified. Then application reaches the legal department. The legal department people will verify the builder details and when satisfied sends their report to the administrator.
The online automated system with web-based architecture can support issues like.
• This system maintains the information related different departments and stored at a central DB, which leads easy accessibility and consistency
• Interest rates of different banks and the other details are also available at the click of a mouse.
• Customer can apply for a loan and track his file details from online.
• The decision process in faster and more consistent
• Provides good communication between two departments
Provides a facility to generate the reports very easily.
Web Presentation : HTML, CSS
Programming Language : Java
Web based Technologies : JNDI, Servlets, JSP
Database Connectivity API : JDBC
Build Tool : ANT
Debug Tool : Log 4J
Backend Database : Oracle/SQL Server/MY SQL/MS Access
Operating System : Windows XP/2000/2003, LINUX, Solaris
J2EE Web/Application Server : Tomcat/Weblogic/Websphere/JBoss/Glash Fish
IDEs : Eclipse with My Eclipse plugins/Net Beans/RAD
Browser : IE/Mozilla
Pentium processor -------- 233 MHZ or above
RAM Capacity -------- 256MB
Hard Disk -------- 40GB
Floppy disk -------- 1.44 MB
CD-ROM Drive -------- 32 HZ
KEYBOARD -------- 108 Standard