Business case Digital Property Financing
Customer requirements
Challenge
Solution
afb Product
Advantages
Contact
All business cases

Customer requirements

The path to owning your own property should become increasingly digital

The users prefer to independently and anonymously explore which property suits them and, above all, which they can afford. The central component of the digital decision-making process is the clarification of the financing question. Against this background, it is not surprising that every third person can imagine fully digital property financing, as recent surveys have shown.

Challenge for providers of Digital Property Financing

KISS = Keep it smart and simple

With digital real estate financing, the potential prospect has the same expectations for the “shopping experience” as he is already used to when buying consumer goods digitally. The motto KISS applies: Keep it simple and smart. This implies the following requirements:

  • Comfortable access to all financing options via all devices
  • Experimental, playful determination of the right offer
  • Immediate help in the digital purchasing process if required
  • Without spatial or media breaks, e.g. when submitting the documents
  • No waiting times in decisions or approvals

Solution

Five steps to Digital Property Financing

The acquisition of the dream property can be digitised end-to-end in the following five steps:

  1. User-friendly online loan calculator
  2. Personal support in the digital purchasing process
  3. Upload portal as an efficiency lever
  4. Legally valid electronic signature
  5. Transparent document portal
Business case

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Business case

Digital Onboarding B2B

A large number of financial service providers are currently engaged in digital onboarding, whose business models are based on the B2B business. With the help of afb, these companies can also digitally design the process. Digitisation is not limited to onboarding. The daily follow-up business is also becoming digital and much more efficient.

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Business Case

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Future-IT-Architecture

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Business case

Digital Document Management

Digitalisation of document management is one of the long-running hits when it comes to optimising business processes. Our solution implements the demanding early-scan approach with an outstanding user experience. This enables, for example, fully digital loan processing and decision-making with simultaneous transparency towards the customer. Thanks to a modern and flexible architecture, the afb solution can be quickly integrated into the customer's existing IT landscape.

afb Property Financing as a solution

We keep it simple and smart!

This is how financial service providers permanently secure the important earnings pillar of Property Financing.

That is afb Property Financing

Construction and real estate loans are characterised by a large number of loan variants and add-on products. Only an end-to-end digital solution provides the necessary transparency in order to be able to compare and manage products and variants quickly and transparently across all sales channels. The Real Estate Financing module group of afb Credit Management Solution (afb-CMS) supports all current credit variants as well as add-on products and offers comprehensive functionalities for the management of real estate financing; from the preparation of tenders and applications, making and processing of credit decisions through to contract activation and management. Different system users are provided with tailor-made processes for the calculation, application, decision-making and processing of real estate financing. With the additional functionalities for contract management and accounting, it is possible to create a full digital representation of the entire process chain, from the contract’s formulation to its agreed termination.

afb Property Financing can provide the following:

  • Support of the major credit options, such as annuity loans, forward loans, variable loans, cap loans, full repayment loans, subsidised loans/funding, housing loans and loans without equity capital, as well as additional products such as payment protection insurance
  • Selection of financing conditions such as fixed-interest period, repayment rate, annual premature repayments, commitment interest
  • Combination of several financing options for a given asset, with different fixed interest periods or integration of funding programs
  • Capturing the required data warehouse for asset, product and applicant with corresponding validation
  • Automated request of information, scoring or rating systems
  • Generating automatic or manual credit decisions
  • Workflow-supporting documents and check of conditions
  • Control of loan disbursement and contract management

In this short explanainer video you will learn in 4 minutes why digital property financing is advantageous.

Advantages of the afb solution

for Digital Property Financing

Advantages of our module group Property Financing

  • End-to-end system: the entire life cycle of Real Estate Financing – from the proposal to termination of contract – is designed as a fully integrated, digital system.
  • All distribution channels: the solution supports all desired distribution channels and terminals in the branch, in the field and at the point of sale (POS) as well as direct business with consumers.
  • Flexible financial products: private and commercial real estate financing can be offered with flexible financial and add-on products for specific business types.
  • Individual risk strategy: credit decisions are exclusively based on the criteria and rules defined by the financial services provider. This ensures compliance with standardised and centralised financing policies and regulatory requirements.
  • Interaction with collateral management: when activating the contract, and during its term, afb-CMS checks whether all the collateral required under the established rules, such as registration documents, mortgages and mortgage entries, cessions of life insurance policies etc., has been provided and is linked to the loan agreement.

Interested? Here's how:

Contact us!

Are you interested in Digital Property Financing and afb solutions for it?

If you would like an individual discussion, we are happy to help you.

Webinar (in German)

There is an interesting webinar on this topic. Here you can acquire knowledge about the topic in compact form and get to know the afb solution better. Try it out now, 30 minutes are well invested.

You will find the webinar under the following link:

To the webinar

Personal conversation

Our experts, among others Dr. Lars Ruesberg will be happy to answer any questions you may have.

To contact form

Successful practical implementation at a glance

Did you like our business case for Digital Property Financing? Then keep looking around! The following is an overview of our most important business cases. These are examples of how afb customers use our IT and consulting services successfully in their individual environment.