Mendix, a Siemens business and the global leader in enterprise low-code, announced that Mphasis Digital Risk, a financial services technology provider for the competitive U.S. mortgage loan fulfilment market, has successfully launched an expanded portfolio of software development projects for both internal and external Mphasis clients. Mphasis, headquartered in Maitland, Florida, has leveraged the Mendix low-code platform to build 12 enterprise applications for internal use, and three industry applications that enable clients to process $1.7 trillion per year in secondary mortgage loans at a rate upwards of 10,000 loans per month.
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In the last five years, Mphasis Digital Risk has experienced tremendous growth, doubling in size from 800 to 1,600 employees. “As business process outsourcers in the fast-moving loan-origination industry, we are tasked with solving our clients’ hardest technology and business challenges, which includes digitalizing numerous manual processes,” said Ravi Vasantraj, senior vice president & global head – Business Process Services Mphasis. “We rarely have the time, budget, or resources that we would like to tackle these problems. At our scale, it is essential to ramp up and streamline software development. And we need to be certain our applications are responsive to business requirements and performed at the highest level of security.”
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Before adopting the Mendix low-code platform, Mphasis Digital Risk relied on Microsoft’s .NET framework to build software for both internal needs and client projects. Their experience, however, was that .NET-based applications typically required extensive developer rework, despite investing significant time in planning cycles with database architects creating entity diagrams and storyboards. Ravi observed that after switching to Mendix, one developer was able to build an entire application that would have required four developers working with .NET.
“With Mendix, the overall development experience is more accurate and streamlined,” Vasantraj said. “As a visually based process, a Mendix-built application is quickly understood by each new person joining an Mphasis Digital Risk project team. The platform’s ease of use enabled us to assign as few as two people or as many as 22 to a team, depending on a project’s complexity, knowing that everyone can make changes fast and safely. We found no other platform to be as robust straight out of the box. It has allowed Mphasis Digital Risk to scale up in response to the industry’s needs and create successful applications that our clients are happy with.”
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