Case Study: Dearborn Federal Savings Bank achieves 75% faster applications and 7-day closings with Finastra Mortgagebot

Dearborn Federal Savings Bank delivers the American Dream, one family at a time

Dearborn Federal Savings Bank needed a scalable, modern mortgage platform to outcompete local and national non-bank lenders, expand lending reach without adding branches or staff, serve a diverse urban market, and replace slow manual processes that were driving customers away. To meet these challenges, Dearborn turned to Finastra and its Mortgagebot solution suite, including Originate POS, MortgagebotLOS and LoanBeam, for an intuitive, end-to-end origination and closing experience.

Finastra implemented Originate’s POS with Offer Code support, MortgagebotLOS automation, and LoanBeam income extraction to streamline workflows and speed verification. The results: application time cut by more than 75%, pre-approvals in as little as 20 minutes, closings in as little as 7 days, a threefold increase in concurrent loan volume capacity, dramatically reduced statement-spreading time, and materially expanded market reach.

Dearborn Federal Savings Bank

Scott Biers

Chief Lending Officer