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Our vision is to revolutionize and automate the loan servicing workflow of the global financial community.
Shaw Offers Out-of-the-Box and Enhanced Solutions
Shaw offers everything a lender could need for their loan servicing solution. For start-up portfolios or new financial products, we offer an out-of-the-box solution in Spectrum Xpress. If you need core-code enhancements for your complex loan servicing system, Shaw can accommodate that as well. By offering the complete range of solutions, we can help lenders get what they need to effectively manage their loans and customer accounts.
Spectrum Xpress – Out-of-the-Box Solution
Spectrum Xpress is a pre-configured, cost-effective, and quickly deployed environment. It is an out-of-the-box, hosted solution. Spectrum Xpress lets your company start managing your new lines and loans right away. You can be live in 90 days, saving your company the time and money associated with configuring a system. Our configuration uses the best practices from across the banking and finance industry. Spectrum Xpress streamlines workflows, queues, and activities. This represents decades of experience and thousands of hours of planning and configuration.
Once standard configuration is deployed, clients retain the flexibility and autonomy to add, remove, copy, and change configuration to meet their business requirements. Additional interfaces can also be added before or after go-live.
A short implementation cycle lets you start managing your loans much faster. Spectrum Xpress is simply a streamlined deployment of the same in-depth system our clients have come to expect.
Enhanced Solutions
Many financial institutions have unique processes or offerings that help them differentiate themselves in the marketplace. To meet these needs Shaw offers code enhancements that can fit any client from the smallest to largest businesses, from simple requests to complex in-depth requirements. Our ability to enhance the product ensures that your business can have everything it needs to run as smoothly as possible.
Even in Shaw’s private cloud, Shaw can provide client-specific enhancements to meet your exact business requirements. When Shaw builds client-specific enhancements to the software, we take complete ownership and responsibility for the enhancement. This includes ensuring the proper functioning of the enhancement into new Spectrum releases. Gone are the days of client-managed customizations that act as anchors to innovation in the future. Our clients are asked to review and approve exact business requirements documents and participate in mid-development demonstrations to ensure the enhancement is exactly what the client is expecting.
From accounting methodologies to unique servicing and collections strategies, Shaw can quickly build enhancements to the system. For clients with a vision for a series of core enhancements, Shaw offers dedicated development teams. These teams work for our clients directly. The design, methodology, and infrastructure Shaw uses to develop our software are all still followed with strict oversight. Dedicated development teams deliver enhancements directly to our client's environment.
To learn more about Shaw’s customized loan servicing software, or Shaw’s out of the box software called Spectrum Xpress, please reach out to us at solutions@shawsystems.com. We would be happy to answer any questions you have in order to help you make the best-informed decision about which software solution is right for your business.