OutSystems Helps BlueZest Deliver UK’s Fastest Mortgage Application Approval System


provider of the number one platform for low-code application
development, has helped BlueZest launch a digital
underwriting application
that cuts weeks from the complex mortgage
approval process.

Whereas traditional lenders take between 18 and 40 days to produce
confirmed offers, BlueZest is quoting speeds as fast as 15 minutes for
initial loan quotes and 30 minutes for confirmed offers. What’s even
more impressive is that this five-month development project involved
just three full-time and one half-time developers, two of whom were
almost straight out of college.

FinTech firm BlueZest is a technology-based specialized property
investment funder serving landlords, developers, and small business
owners with buy-to-let and development finance products. They’re on a
mission to bring mortgage applications into the digital age with a fast
and simple-to-use mortgage application experience. Having researched a
wide variety of low-code development options, BlueZest
partnered with OutSystems
to build their digital mortgage
application system.

“As a startup business, speed to market was always an important
consideration,” said John Robinson, Chief Technology Officer at
BlueZest. “Building a new digital application from scratch needed an
approach that was easy to learn and would rapidly deliver a complex
application available to customers anytime, anywhere via their device of
choice. A capable low-code platform was the obvious choice. It allows us
to focus on delivering business requirements, rather than wasting time
worrying about source code.”

Significant criteria that led BlueZest to OutSystems included compliance
and security leadership
(to safeguard personal and financial data), industry-leading
integration options
, and the need for great
user experiences on any platform and device

Robinson hired two web developers who were recent graduates and a more
experienced developer, none of whom had prior experience with
OutSystems. According to Robinson, the team found the OutSystems
low-code platform easy to learn. “The online training approach and
weekly webinars with one of OutSystems customer success team members
worked well for our team. The advice we received meant we got the design
and implementation right first time.”

BlueZest’s digital underwriting application went live in October 2017,
following a five-month agile development project.

The application’s features include:

  • A responsive web front end so applicants or intermediaries can
    complete the 15-minute application process from any device.
  • Automatic saving so applicants can resume their mortgage
    application in multiple visits, from any device.
  • Intelligent forms that dynamically adjust to simplify the
    application process, making it faster and more intuitive for users.
  • Integration with multiple third-party web services, including
    address verification, “know-your-customer checking,” credit history
    checking, automated property valuation, bank account verification, and
    land registry queries.
  • A broker portal that provides intermediaries real-time, secure
    information on their current applications.

“Quick decisions are the key deliverable from the application,” said
Robinson. “We can provide customers and intermediaries real certainty on
their applications within minutes.”

Looking ahead, Robinson commented, “One thing is certain in financial
services; you are dealing with constant change from all quarters. So
agility is key. OutSystems provides a visual, self-documenting approach
to development complete with versioning, testing, and debugging all
built in. So, not only can we develop quickly, we can adapt and enhance
the application even quicker still. As we grow, this agility advantage
should keep us ahead compared to long-established lenders that are
always struggling with legacy issues.”

Read the
full BlueZest story

About BlueZest

BlueZest is a technology-based specialized property investment funder
offering a range of carefully tailored buy-to-let and development
finance products. The company’s focus is on investing in and with
landlords, developers and small business owners, offering a supportive
business relationship as a preferred financing partner with open and
honest fee structures, fast decisions, customer focussed operations, and
a commitment to delivering what they call “The BlueZest Advantage.” Find
out more at

About OutSystems

Thousands of customers worldwide trust OutSystems, the number one
low-code platform for rapid application development. Engineers with an
obsessive attention to detail crafted every aspect of the OutSystems
platform to help organizations build enterprise-grade apps and transform
their business faster. OutSystems is the only solution that combines the
power of low-code development with advanced mobile capabilities,
enabling visual development of entire application portfolios that easily
integrate with existing systems. Visit us at www.OutSystems.com,
or follow us on Twitter @OutSystems
or LinkedIn at www.linkedin.com/company/OutSystems.

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