Case study
HFS Financial
HFS Financial specializes in providing unsecured loans for home improvement projects, enabling homeowners to finance renovations with industry-leading loan terms and a terrific customer service experience
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HFS partnered with Satellite in 2023 to build an offshore software development team. Building on a prior relationship between the HFS and Satellite leadership teams, HFS was attracted to Satellite’s deep expertise within financial technology, which helped ensure that we could have an immediate positive impact on their software development efforts.
Key Challenges
HFS Financial was experiencing rapid growth and wanted to constantly improve their digital lending experience, while operating at scale. With limited in-house technical expertise, they were looking a trusted partner to help build a top-notch offshore team that they could control.
Rapidly
Growing Company
Need
Full Control
Wide
Range of Tasks
Solution
Team of Industry Experts
Satellite built a 6-person offshore team for HFS, consisting of technical experts with deep experience in digital loan origination. This ensured that the team hit the ground running with the context needed to quickly improve HFS’s existing tech stack.
Full Coverage of Tech Skills
The team was responsible for end-to-end development and included multiple roles (Management, Testing, Development, Design). Further, we hired only experienced team members that could operate with limited client oversight.
Startup Mindset
Given the fast-paced approach of HFS’s leadership team, we prioritized building a Satellite team of people that wanted to work in a startup-like atmosphere where they could quickly improve their skills and have an out-sized impact.
Technical Stack
The HFS-Satellite team works with modern programming languages and tools, including React, TypeScript and Node.js for the majority of its platform code. Hosting is on AWS and HFS uses MongoDB as its primary database.
Results
Satellite extended the functionality of HFS’s existing digital lending platform, connected a range of third-party integrations and continues to function as an extension of HFS’s in-house technology team.
Invoicing & Estimation
Extended core borrower product and built automated invoicing/estimation system for contractors
Code Refactor
Built connectors to new lending partners and beginning to refactor legacy codebase
Platform Maintenance
Own the ongoing maintenance of the HFS loan origination system and digital lending platform
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