Mulesoft
Case Studies
Tic:Toc reduces the home loan fulfillment process from days to minutes
Overview
Tic:Toc reduces the home loan fulfillment process from days to minutesMulesoft |
Application Infrastructure & Middleware - API Integration & Management Analytics & Modeling - Real Time Analytics | |
Finance & Insurance | |
Sales & Marketing Business Operation | |
Real-Time Location System (RTLS) Fraud Detection | |
Software Design & Engineering Services System Integration | |
Operational Impact
Tic:Toc was able to launch the world's first instant home loan, delivering an innovative home loan experience where customers can receive full home loan approval in as little as 22 minutes, compared to the 22-day industry average. | |
Due to the success of Tic:Toc's solution, the company has white-labeled the solution so that third-party partners can use Tic:Toc's proprietary technology to power their own instant home loan. | |
Tic:Toc will be releasing additional enterprise solutions in the future, enabling other institutions to benefit from the efficiencies Tic:Toc's automated credit decision and reg-tech solutions offer. | |
Quantitative Benefit
Reduced the home loan application process from 22 days to 22 minutes. | |
Received home loan applications valued at more than $2.15 billion since its launch. | |