Staff Augmentation: Leaning on Nearshore for Reaching New Markets
A CRE SaaS looking for expansion
Raisal is a commercial real estate technology company that connects investors and commercial mortgage lenders. Through an intelligent algorithm, this app provides optimal matches among an active network of investors and lenders. With their online dashboards, users can review data and negotiate terms, guaranteeing that more productive deals are signed. Currently, Raisal’s SaaS platform integrates with over 300 banks and financial institutions in the US.
Planning new features to reach new markets via outsourcing
After becoming a consolidated name in the local market, Raisal was looking to expand into other states following an investment round. Their team realized that their highly reliable platform required new features to capitalize on its investment and growth plan.
Raisal ultimately went with our nearshore outsourcing model to expand its local dev team, after considering our skillset as well as the timezone and geographical proximity.The Medellin team was a perfect fit, and the flight time to Miami was only four hours, ideal for keeping an Agile workflow pace.
A nearshore co-development approach
Communication was imperative to achieve an ambitious timeline. We hosted Raisal’s tech leads in our Medellin office for the first few weeks, where the project onboarding was done face-to-face.
Together, the team implemented a process of continuous integration and deploys with Amazon Codepipeline. This platform integrates the main repository in Github through the microservices architecture with Docker, in order to finally deploy an auto-scalable cluster of servers in Amazon. In addition, Raisal also partnered with our recommended testing company for QA.
Upgraded UX and performance
After 6 months of intense work, the new app’s version was showcased at the CRE technology conference in New York to great feedback. With improved performance and user experience, the upgraded platform included features like Google Street View and Google Maps integrations to get a better understanding of property location.
The app also covered information and document exchange between borrowers and lenders, methods to evaluate specific loan information including rates, terms, LTV’s and amortization in no time from different loan programs. Lastly, we added a more complex and interactive loan calculator that evaluates cash flow and conducts an affordability analysis, including the debt service coverage ratio. Everything was done at a fraction of onshore costs.