GTSS used Vision Jade to design a database model, develop user interface components, and construct the business logic for a set of Web applications dubbed BasTek, which automates the indirect consumer-lending process. BasTek applications currently focus on auto loans. They merge the activities of consumers, auto dealers, loan originators, lenders, loan servicers, asset backed security underwriters, and investors. But Talon had hit the limits of its Microsoft Access loan-origination system. BasTek reduces the possibility of human error and significantly reduces the time and effort required at all steps in the lending process.
Dealers can receive answers to loan inquiries over the Internet in three to five minutes.
Better still, loan originators save time and money processing loans. With BasTek, credit checks are done automatically by the auto dealer and are simultaneously made available via the Internet to Talon. Each of Talon's finance sources has its own conditions that must be met for loan qualification. Now, the rules are built into the Java structure and, therefore, easy to modify. Perhaps BasTek's greatest benefit is the competitive advantage and image boost it gives Talon.