459624 P2P Lending-Web Application Development & Financial Module

We need a reliable developer who are familiar with financial software solution for the selection, origination and servicing of private person to person loans. We need an end-to-end, modular, web-based software solution that provides: * A loan origination engine compliant with personal loan, consumer finance and securities regulations * A servicing platform able to process whole loans, fractional participation (aka “p2p”) and syndication * Detailed compliance, tax and risk management reporting * Traditional and proprietary credit underwriting tools Key Modules and Features Borrower Acquisition & Verification * Web-based borrower acquisition platform * Identity, fraud, OFAC and other compliance requirements * Academic and merit validation * Enrollment verification * Credit reporting * Processes to interface with: o Credit bureaus (credit reporting, identity verification) o Colleges (enrollment, academic verification) o Existing and/or legacy systems (accounting, reporting, etc.) Loan Selection * Screening tools based on geographic, credit and loan underwriting criteria * Auto-select and manual selection functionality * Traditional credit metrics on borrowers and co-borrowers * Human Capital Score™ - proprietary credit risk metric Pricing & Underwriting * Auto decisioning: ability to create proprietary and/or mission-driven underwriting rules * Fixed and variable rate pricing available * Facilitates auction-based bidding and pricing Loan Marketplace & Syndication * Loan syndication allows lenders to share and diversify risk * Fractional participation allows multiple lenders to invest in one borrower in the same loan –facilitates “peer-to-peer” lending Loan Origination * Compliant with consumer finance and securities regulations * Packaging of tax-efficient loan product * Customized loan products: Short-term, long-term, balloon payment loans or straight amortization, consolidation loans * Disbursements directly to borrower Servicing * Able to process whole loan, syndicate and fractional participation * Aggregates micro-payments * Detailed compliance, tax and risk management reporting * Processes to interface with: o ACH payment processing o Existing/legacy servicers If you think you have the ability to start this project please contact us with your resume and portfolio for review.