Main aim of the Lending Tree project is to facilitate the customer to apply for a loan through online and to track the status of loan at any time.  By using this project, the approval agency can check the customer’s loan file and then they can approve/reject that file. Lending Tree project is very useful for both the loan agency and customers and it provides a transparency system for everyone. The loan agency can check the pending customer’s file, assign it to all departments, complete the formalities and procedures between the departments, make decision whether to approve/reject customer’s loan request with the help of this proposed project.

By selecting a bank and loan type from the available list the customer can directly apply for a loan. Loan agency will receive the customer’s application. Pick Up, Verification and Legal are three main departments of the Loan agency. The administrator will control this system. At first, he will check the application received and sends it to a particular employee of the pick-up department. The employee will go to the customer’s place and verifies the documents of customer and receives the documents required for the loan. Then he logs into this system and transfers the application to the verification department. The customer information like his name, address, organization, salary etc is verified by the verification department. Then it sends the application with a status verified to the legal department. The legal department people will receive the application, checks the details of builder and when satisfied they submit their report to the administrator of the system.

Proposed System

This system stores the information related to different departments at a central Database and maintains the information efficiently. So, system users can access the stored information easily.

• In this system just by clicking the mouse, the customer can view the Interest rates, the other details of different banks.
• By using internet, the customer can apply for the loan and track his file details.
• The loan approval agency can make correct decision quickly.
• This system provides good communication between two departments.
• Administrator can create the reports very easily.

–          Are the advantages of the online automated system with web-based architecture.

SOFTWARE REQUIREMENTS:

Operating System: Windows XP/2000/2003, LINUX, Solaris

Front End: Java (JDBC, Servlets, JSP)

Backend: SQL Server /Oracle/MY SQL/MS Access

Client – side Scripting: Java Script

Database Connectivity API: JDBC

Debug Tool: Log 4J

Web Presentation: HTML, CSS

IDEs: Eclipse with My Eclipse plugins/Net Beans/RAD

Database Connectivity API: JDBC

Build Tool: ANT

J2EE Web/Application Server: Tomcat/Web logic/Web sphere/JBoss/Glash Fish

Web Browser: Internet Explorer/Mozilla Firefox

HARDWARE REQUIREMENTS:

Processor: Minimum Pentium V Processor or higher

RAM: Minimum 256 MB or more

Hard disk: 40 GB HDD or more

FDD: 1.44MB

Monitor: Minimum 14 inch screen monitor

Mouse: 3 Button scroll/ Wireless mouse

CD Drive: 52 X

Keyboard: Minimum 108 keys

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