HomeRun Financing - FinTech Software Development
PACE Funding Group Inc (PFG) offers Property Assessed Clean Energy (PACE) financing to homeowners through its network of channel partners and direct sales representatives, facilitating clean energy and energy efficiency upgrades. The process for loan approval and administration is notably more intricate than that of a standard loan, involving many steps, various external partners, necessary regulatory actions, and extensive paperwork. PFG's operational workflow includes the initial loan pre-assessments, providing quotes for different loan terms and pricing, and processing and evaluating customer applications. After this, underwriters approve the loans, and relevant contracts are generated and sent to various parties and municipalities. Finally, the loan is disbursed, and contractors are compensated once all work is completed and approved by the customer. Closeloop has designed, developed, deployed, and currently manages PFG’s PACE Powertools system, a fully customized software platform that supports all facets of PFG's operations. PACE PowerTools is linked with multiple third-party vendors and offers a comprehensive set of APIs for external partner integration. The platform was envisaged and delivered within four months, encompassing UX/UI design, solution architecture, technology selection, development (using PHP, MySQL, JavaScript, XML, and iOS/Android mobile apps), quality assurance, training, and final launch.