Revolutionizing the Housing Finance Industry with data driven solutions: BuildersPatch Case Study
Introduction
Builders Patch is a software solution that is revolutionizing the housing finance industry by digitizing and automating the financing process.
The platform utilizes AI-driven insights and analytics to automate the underwriting and closing process. United States urgently needs to finance 20 million units to be built or preserved as affordable housing, during this decade.
Ultimately, by accelerating the rate at which housing units are financed, Builders Patch addresses these pressing issues and is augmenting one of the most silo-ed industries.
The challenge
When Builders Patch approached us, they were looking for effective ways to scale parts of their product for large audiences.
Their platform needed new infrastructure and additional features to support their expanding user base.
They recognized the need for scalability to onboard new customers and features quickly.
Builders Patch sought our expertise in software development to help them navigate some of these challenges while continuing to deliver a seamless user experience.
The solution
Our team first started by analyzing Builders Patch's pains & needs.
We gained industry knowledge about their business to make sure we take the best possible technical decisions that complement their business and help strengthen and expand their system.
We redesigned key pieces of their technical platform, putting an emphasis on enhancing its scalability, security, and stability. With backward compatibility in mind, we leveraged the power of React, Django, and AWS, to ensure that the platform could handle large volumes of data and maintain high levels of security.
We improved the existing infrastructure of the platform, while developing new features for the customers.
We developed their analytics feature that provides statistical data on past transactions that help users compare the prices of previous projects. This feature allowed end users to make more informed decisions, leading to more efficient and profitable transactions for them.
Now, the system is more flexible and accommodates the needs of customers when it comes to document formats. We prioritized security, while developing new features, and that contributed to getting a SOC2 security certification for the platform.
To make sure that Builders Patch's product features were translated into a usable platform, our team collaborated closely with them. That partnership led to a scalable and efficient platform with enhanced security that has increased customer satisfaction and high user growth.
Results and Impact
In conclusion, our partnership with Builders Patch helped them scale their platform quickly, with an emphasis on security, and stability.
Overall, the improvements resulted in the following things:
Unlocking the ability to bring new features to the platform quickly.
SOC2 security certification.
Increased customer satisfaction and potential for new user growth.
Having a stable foundation for future expansion and success.
Kamen, Ivaylo and the entire HackSoft team brought their immense intellect, and technical know-how to every problem we presented to them.
They are professionals and team players, and every member of their team that I have interacted with brings clarity, and energy to any problem we assign them.
- Kanan Ajmera, Founder & CEO
