BRL Trust Case Study

About BRL Trust

Founded by partners and some of the key executives of the BRL TRUST Investimentos, the Certificadora de Créditos Imobiliários (“Certificadora”) was designed to provide financial services geared to the mortgage market and the capital market. Its main goal is to be recognized by both the real estate market as the Capital Market, as the best and most complete solution for certification, monitoring and trading platform for buying and selling of mortgage loans in the Brazilian market. Its purpose converges with innovative initiatives from regulators who seek transparency and good governance in the securitization market, which will contribute to the growth of market share capital in real estate financing.

ZK x Certificadora

To provide the real estate and capital markets permanent and systematic monitoring of real estate credit, legitimacy and accuracy of these assets and also elimination of the inefficiencies that make the process in the capital markets more difficult and expensive, the System developed by Certificadora is divided in 5 major modules:

SALES SHOWROOM: Enables developers to sell the development's units, using Certificadora's system, which guarantees them monitoring of the Real Estate Credit since its origination. The system will allow, at the time of sale, the use of legal instruments and checklist of documents to ensure certification of the real estate credit.

BACKOFFICE: Aims to provide all conditions to Certificadora for managing all activities relating to control of the Certification processes, securitization transfer and control of corporate debt guarantees related to real estate credit portfolios, controlled by the Certificadora.

INTEGRATION BOARDS OF CLEARANCE AND CUSTODY: Responsible for communication with CETIP (publicly-held company that offers services related to registration, central securities depository (CSD), trading and settlement of assets and securities) through transmission of files and reception of data in batches that must be originated and be made available via FTP.

CORPORATE FINANCE: Responsible for management of Real Estate Credits that are pledged as collateral in corporate financing, controlling minimum guarantee margins and eligibility criteria required for financing.

COLLECTION: Since the company may act as collection agent or as mirroring agent for collection on Purchase and Sale Promise Agreements for Definitive Sales Agreements (CCVS), this module is responsible for registration of financial data in regards to Real Estate Credits, through the update of the financial flow of installments, and generation of Bank Collection Slips.

Architecture

ZK + Java + JDBC + PostgreSQL database.

The entire platform is located in AWS VPC.

The project is developed in MVC design pattern. We use ZK for the View (with zul files) and Control layers. The Model layer is implemented with customized Java JDBC Data Access Objects (DAO pattern).

The Challenge

For the majority of the project modules we needed to develop a large number of complex web interfaces. These interfaces should also help users that have a heavy workload, especially in the Backoffice module.

Why ZK

Previous projects were implemented with AJAX solutions like Struts 2, Spring and Angular; however, in this project, the number of interfaces/forms and the complexity of each created the demand of a new type of solution. We chose ZK because it provides a fast, secure and reliable solution, as well as most of the usual interface components we needed already implemented in a very useful way.

The Best of ZK

ZK makes it possible to implement a web application while also enjoying the convenience of desktop programming. There is no need (or almost no need) of extra JavaScript implementation.

The different modules of the project are intended to run on different platforms (web, mobile & tablets), and ZK makes this transparent. We also like to keep the business login on the server side.

Furthermore, all the interface components are very well implemented, with lots of functionalities. Overall, it's easy to customize and contains very useful charts and reports components.

The Result

This project demanded a large number of web interfaces, most of them very complex. ZK provided a quick, secure and reliable way to implement them. As a result, the project modules present a rich, instinctive interface that helps the users with the heavy workload (especially in the Backoffice module).