The UK’s first digital mortgage lender that makes it possible to get a mortgage completely online in a fast and transparent way.

01 Overview
Amitabh Ghatak
Chief Product Officer of Molo Finance
Location
Partnership
Ongoing since
Dec 2017
Services
Full-cycle Web
Development
Team size
10-15
engineers
02 Business
Challenge

We’ve got to transform the developments Molo had into a full-fledged MVP — and we did that in 8 months. After MVP was built and brought Molo investments, we focused on becoming the #1 on the UK’s digital mortgage market.

03 Solution
When building a product together with Molo, we focused our efforts on meeting the UK’s mortgage market specifics and bringing our ownership and process expertise.

We’ve established a collaboration that allows us to move and create features rapidly, and built an advanced web platform to get mortgages fast and easily.

1.

Self-written Molo mortgage calculator that provides consumers with the approximate result of the possible offers based on internal calculations and the personal data provided by a user.

Molo allows you to enter the data (like property price, rental income, are you buying or doing remortgage) on the mortgage page, and get several products differentiated by interest rate, different fees, repayment amount right away.

2.

When the mortgage business grows, there always a need for more and more underwriters to handle the number of requests, which leads to expenses growth.

We’ve created property and credit valuation tools that allow Molo to scale easier and mitigate the risk of significant valuation stage costs growth.

3.

Credit history valuation is one of the things that make the process of getting a mortgage longer.

We integrated Molo with Open Banking and Experian, so underwriters get access to user’s banking operations and can do the valuation way faster and easier.

4.

It shouldn’t be time-consuming to verify personality, and we ensured Molo has the technology that significantly reduces the time needed.

It’s enough to take passport picture and selfie to help ID verification mechanism make sure that you are actually you.

5.

There are certain kinds of UK-specific regulations related to mortgages — let’s say, you have a property with a thatched roof, so the offer you will receive also states you’ve got to get an Energy Performance certificate.

We implemented a legal maintenance tool that allows automating the process and save underwriters’ time and efforts.

6.

Personalization is the key in the digital business of 21st century, especially when it comes to financial industry.

Molo provides users with custom relevant and affordable products based on data (like income and property price) they entered.

Molo Finance — the truly digital mortgage lender.

You can get a buy-to-let mortgage even not leaving your house — all the data providing, validation, property valuation, ID and KYC verification processes are done digitally. And, on the top of that, users get the offers online too.

When working on Molo platform, we do not limit ourselves to developing features or consulting — we worked on architecture, integrations, business logic, and always stayed for close collaboration between teams.

And that’s the way market-leading products are created.

‘I’ve worked with other vendors in the past, and the biggest distinction is ownership — the Django Stars team feel a lot of pride in their work and are invested in our company. They’re motivated and want to see us succeed, rather than acting purely as an outsourced developer doing daily tasks’.
Amitabh Ghatak
Chief Product Officer of Molo Finance United Kingdom
04 Result
Being the UK’s largest digital mortgage lender, Molo raised over £266 mln in funding and keeps growing.
The UK’s 1st “fully digital” mortgage solution.
Molo Finance raised over £266mln seed funding to offer a fully digital mortgage.
05 Technologies & Integrations
We used
Every member of Django Stars believes that they’re working for a cause, to build a great solution that will disrupt the market. It’s that feeling of ownership and shared vision that I value the most.
clutch
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      Anastasiia Yuvchyk
      Account Executive, Django Stars
      Book a meeting with our expert, discuss your product idea and get your questions answered