Application Management
Commerce Velocity’s flexible approach, our thorough understanding of the financial services industry and our commitment to building long-term relationships with our clients makes us the preferred applications management solutions provider. As part of our full life-cycle application management services, we provide dedicated and experienced professionals on-site coupled with offshore development staff dedicated to each development project within an organization.
We offer a full suite of application management services that include:
This, combined with our project management capabilities and world-class quality standards, ensure our customers get technology solutions that give their business a new and powerful competitive edge.
e-business Portals
Commerce Velocity provides enterprise portal solutions for reaching out to your business channels with meaningful tools. The internet provides a medium to extend the type of capabilities that can reduce internal overhead costs, minimize inconsistencies, and streamline your business processes. Our suite of e-business portals can be deployed to reach your consumers or borrowers directly, provide point-of-sale capabilities to wholesale and correspondent business channels, and support decentralized retail business.
Risk Management
Commerce Velocity’s expert systems employ state-of-the-art analytics on a loan and trade level basis as well as by loan status and mark-to-market value. They utilize OAS technology integrated with sophisticated fallout models to analyze changes in your company’s pipeline in relation to current financial market conditions.
Clients receive a wide range of daily reports that allow them to view pipeline risk and evaluate different options. These reports are normally supplemented with daily consultations with the client’s dedicated Commerce Velocity industry expert so that the client is fully informed and prepared to manage its profitability and risk.
Commerce Velocity systems allow you to:
Analytics
Commerce Velocity provides mortgage analytics services to our financial clients. To maximize their earnings and minimize their volatility Commerce Velocity helps mortgage bankers:
So that its clients have the most up-to-date information about their pipeline Commerce Velocity downloads their data every night or as often as it’s available. Commerce Velocity then uses its proprietary financial models and real-time market data to provide an accurate picture of their pipeline from commitments to closed loans. These models allow clients to view the key elements of their pipeline under different assumptions. Clients can also take advantage of Commerce Velocity's experience and independent market perspective to help make informed decisions.
Once decisions are made many mortgage bankers have the ability to execute their own hedging strategies. For those that don’t, Commerce Velocity will execute hedge recommendations and best execution advice. This involves trading options, mortgage backed securities, Treasury futures and options through accounts established by the client with investors and authorized by the client’s board of directors.
In addition to day-to-day capital management Commerce Velocity helps mortgage companies:
Application Integration
Commerce Velocity consultants are skilled in object oriented analysis and design (OOAD), and in the leading web technology platforms J2EE and COM+. Our developers have extensive backgrounds in integration of existing legacy applications with new web-based eBusiness applications.
Our application integration services include end-to-end system component evaluation and selection. We will evaluate your legacy applications and create legacy components, which captures the business logic of your existing applications and allows them to work seamlessly with new web-based application components. We offer full life cycle component evaluation, design, re-engineering, construction, testing and deployment. Throughout this process Commerce Velocity assesses and addresses the risk associated with new component development and integration. We develop risk mitigation plans and activities to help you avoid pitfalls and unnecessary interruption of your business operations. We help develop an iterative and phased approach to application integration. A phased approach minimizes risk, provides early ROI, and helps ensure the new application architecture is both operational and validated.