Tavant FinXperience Powers DRIVER – Fairway Wholesale Lending’s Digital Mortgage Platform
SANTA CLARA, Calif., Apr 29, 2020 Tavant, a Silicon Valley-based digital lending products and solutions company, today announced its long-time customer, Fairway Independent Mortgage Corporation, has expanded its digital mortgage platform. Fairway has deployed Tavant’s FinXperience Broker to provide its growing network of brokers a seamless digital lending process with improved loan fulfillment efficiencies, faster speed-to-market, enhanced communication capabilities, streamlined experience, and significantly lower costs per loan. Powered by VΞLOX, Tavant’s AI-powered lending platform, Fairway’s digital mortgage platform ‘DRIVER’ is leveraged by more than 3,000 mortgage brokers across 500 brokerage firms nationwide. “Tavant is truly an extension of our team, and together we continue to advance our digital lending capabilities, transforming the home loan process,” said Randy Allen, CIO, Fairway. “These latest enhancements provide mortgage brokers with the tools needed to more effectively manage the entire loan pipeline. Real-time data exchange and data-driven processes ensure a more fluid experience for our brokers, boosting productivity and reducing loan cycle times.” Tavant’s FinXperience Broker brings loan originators and investors together, enabling wholesale brokers to work as a team with lenders, expediting processing and approval while ensuring compliance with regulatory requirements. This gives Fairway “a faster, smoother process for their brokers, which allows them to get more done in less time. Working with Tavant has given Fairway the agility to bring about changes quickly as we storm ahead in these challenging times,” said Liz Short, Product Owner of DRIVER at Fairway. In addition to FinXperience Broker, Fairway is leveraging FinConnect, a component of Tavant VΞLOX that enables digital mortgage transactions. FinConnect is an enterprise service hub for the financial services industry and an intelligent lending data and services network that integrates with more than 130 ecosystem partners. “Fairway is one of the pioneers in the digital lending market,” said Hassan Rashid, CRO, Tavant. “Part of its success can be attributed to its ongoing commitment to excellence and leveraging technology in an innovative manner to enhance the overall lending process. Our VΞLOX platform will enable Fairway to grow with changing consumer and broker behavior and further improve the digital home buying experience, while helping brokers reduce turn times for closing a loan.” Rapidly gaining market share, Tavant’s expanding customer base originates one out of every four loans in the United States. Tavant’s VΞLOX suite of products optimizes the back-office, simplifies mid-office, and transforms the front-end consumer experience into an efficient digital data flow. Find Tavant on LinkedIn and Twitter. About Fairway Independent Mortgage Corporation Founded in 1996 by Steve Jacobson, and named by a childhood best friend, colleague and forever member of the Fairway family, Randy Cross, Fairway Independent Mortgage Corporation is a mortgage lender headquartered in Madison, Wisconsin and Carrollton, Texas. The company has more than 500 locations and over 6,900 employees nationwide. At Fairway, customer service is a way of life. Not only are we dedicated to finding great loan products and rates for our customers, we also offer some of the fastest turn times in the industry. Our goal is to act as a trusted advisor, providing highly personalized service and helping clients through every step of the loan process. It’s all designed to exceed expectations, guarantee satisfaction and earn trust. For more information, please visit our website at www.FairwayIndependentMC.com.
Tavant’s FinConnect Platform Surpasses 10 Million Digital Mortgage Transactions
SANTA CLARA, Calif., April 21, 2020 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, today announced its FinConnect platform, an intelligent lending data, and enterprise mortgage services integration hub, successfully processed more than 10 million digital mortgage transactions in the past 12 months. Additionally, in March 2020, FinConnect processed more than 1.5 million transactions, representing a 71% increase from the previous month, further demonstrating the platform’s ability to scale and adapt to rapidly changing market conditions. FinConnect is a component of Tavant’s AI-powered digital lending suite of products, VΞLOX, that seamlessly connects the internal and external systems of the mortgage ecosystem, enabling an end-to-end, seamless digital mortgage experience. Tavant’s Chief Revenue Officer, Hassan Rashid said, “We continue to see volumes spike across retail, wholesale and direct to consumer lending channels. In March, the changing market conditions, low- interest rates, and high refinance volumes yielded a massive spike in transaction volume, further highlighting the resilience of FinConnect and its proven ability to provide a seamless experience.” FinConnect simplifies the lending experience, providing lenders plug-and-play access to 130 connectors from more than 60 service providers, including various product types such as identity, credit, income, asset, tax transcripts, AUS, appraisal, closing costs and fees, flood, product & pricing engine, compliance, title insurance, mortgage insurance and Fannie Mae Day 1 Certainty™ designated vendors. FinConnect supplies on-demand data directly from the information source, enabling a simple end-to-end digital mortgage experience for the borrower. Rashid continued, “This achievement represents Tavant’s ongoing commitment to provide proven, modern technology tools that address the lenders’ top challenges and disrupt the cumbersome, often crippling mortgage processes and procedures. FinConnect is a game-changer for lenders, enabling them to provide their borrowers with a superior, personalized digital experience from home discovery to loan funding.” Tavant’s growing customer base originates one out of every four loans in the U.S. Tavant’s VΞLOX suite of products solves many lender and borrower challenges, while maximizing data-driven processes. About Tavant VΞLOX Tavant VΞLOX is the industry’s leading AI-powered digital suite of products that maximizes the use of data-driven processes in the automation of the loan origination lifecycle. It brings true digital disruption to the mortgage industry with an immersive omnichannel experience and high-velocity execution: from home discovery to loan funding. Find Tavant on LinkedIn and Twitter.
Tavant Launches Turnkey Platform to Accept and Process SBA Paycheck Protection Program Loans
Tavant Launches Proptech; Accelerates Digital Innovation for the Real Estate Industry
SANTA CLARA, Calif., March 31, 2020 Tavant, a Silicon Valley-based provider of AI-powered digital technologies, today announced the launch of its Proptech business, bringing technology and innovation together to address common customer challenges in this burgeoning sector of Real Estate. Leveraging years of experience in Fintech, Digital Transformation, AI and ML Learning, Tavant’s new platform simplifies the home shopping and buying process. Tavant has leveraged its years of experience in Fintech, Digital Transformation, AI and Machine Learning to create a platform that simplifies the home shopping and buying process. Industries, such as retail and financial services, have quickly reshaped their business models to stay competitive in a rapidly changing market; the property and real estate industry, by its nature, has been relatively slow to embrace the wave of digital transformation attacking its shores. With the overwhelming majority of today’s customers being millennials, the real estate sector is witnessing an increased demand for digital innovation. Emerging technologies such as IoT, smart homes, automated property valuation models, machine learning enhanced pricing, and augmented reality/virtual reality (AR/VR) are transforming the way end-users interact with real estate providers and experience real estate offerings. Tavant knows our world is changing and businesses will have to react in different ways. Tavant’s core focus on Speed, Flexibility, and Experience can help maintain and grow proptech businesses while being able to operate more efficiently, more effectively and much faster. Tavant combines deep industry expertise, next-generation digital technologies, and optimized modern processes to bring unparalleled real estate intelligence to the forefront and to help companies deliver exceptional customer experiences. Tavant specializes in implementing digital technologies and machine learning capabilities to streamline functions such as home search, iBuying, MLS, appraisals, property AVM (Automated Valuation Model), real-time data validation, digital brokerage transformations, mobile app development, and real estate agent connectivity portals. “The real estate industry has been resisting the latest wave of technology innovations, and thereby, adopting digital transformation efforts at a much slower pace. We are delighted Tavant Proptech is at the forefront of this emerging sector. Today businesses must adapt to the changing global environment for higher efficiencies, improved margin, speed-to-market, and cost-savings,” said Hassan Rashid, CRO, Tavant. “Tavant’s expertise in the Fintech and mortgage industries is marked by one in four mortgages in the United States touching its platform. In 2019, over $30 billion was invested in Proptech by VCs, which is a staggering amount. Tavant Proptech empowers key players with intelligent, digital technologies, including industry leaders such as Opendoor, Realtor.com, and a few others in stealth mode to boost business efficiency,” Rashid explained. Find Tavant on LinkedIn and Twitter. Media Contacts: Anna Stanley/Catherine Laws 251.517.7857/678.781.7206 | [email protected]/[email protected]
Tavant Named to HousingWire TECH100
Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, announced today it has been named to the prestigious HousingWire 2020 HW TECH100™ listing of the most innovative mortgage technology companies in the U.S. housing industry. The company was also on the HW Tech100 honoree list in 2019. Tavant has been recognized for its artificial intelligence and machine learning (AI/ML) based offering, Tavant Retention Intelligence solution, that leverages holistic customer information, enabling lenders to identify the refinance opportunities within portfolios to maximize retention and upselling. More than 200 loan attributes across 10 million records are used to train the models. Additionally, the product allows lenders and servicers to predict and manage portfolio churn and focus on customer retention strategies. The model is three times more accurate when compared to other methods used to analyze a portfolio of 1.5 million loans that churns at 15% annually. By leveraging the Tavant Retention Intelligence solution, lenders have reported 50% lower retention costs as compared to traditional retention models. “HousingWire’s motto for 2020 is growth through focus. With that lens, the Tech100 program underwent mitosis and emerged as two highly focused awards — Tech100 Real Estate and Tech100 Mortgage. While collaboration between real estate and mortgage professionals has never been higher, the tools and solutions that empower these professionals to excel are often entirely different,” said HousingWire CEO, Clayton Collins. “The winners of the 2020 HousingWire Tech100 Mortgage and Real Estate awards are truly the most impactful and innovative companies in housing. Not only do these companies empower their clients and users, but they are also supporting a more efficient, accessible and sustainable housing economy.” “We are honored to be included in this prestigious listing for the third time,” said Hassan Rashid, CRO, Tavant. “This recognition is a testament to our ongoing commitment to innovation and providing our customers with a competitive edge in an increasingly demanding market. Tavant’s vision from day one has been focused on providing unparalleled solutions to meet the business goals of our customers. We have achieved this by consistently focusing on our people, the passion we bring to partnerships, and the all-round excellence in everything we undertake.” Find Tavant on LinkedIn and Twitter.
Tavant Announces FinLeads on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace
Santa Clara, 11 February 2020 Tavant today announced it has launched FinLeads on Salesforce AppExchange, empowering customers to create one universal workspace for loan officers to intuitively collaborate and engage borrowers through an integrative mortgage application journey. Leveraging FinLeads, lenders gain an integrated view of their pipelines across various locations nationwide. It harnesses data from multiple systems and delivers that information to loan officers, allowing them to craft personalized customer journeys and close loans faster. By providing a single interface for the whole ‘lead to loan’ journey, the solution can improve efficiency, drive better throughput, and deliver intelligence to help loan officers address the important customers with the appropriate solutions for their financial service’s needs. Built on the Salesforce Platform, FinLeads is currently available on AppExchange. FinLeads FinLeads is a one-stop-shop solution for marketers and loan officers in enterprise lending businesses. The solution connects with over 120 third-party data and service providers. These include connectors to consolidate leads from myriad sources, improve loan application conversion by pulling data from credit, income, employment, and asset data providers. Its integration with enterprise pricing and loan origination engines helps convert leads to loans and act upon and track loans throughout the origination lifecycle. Finally, it is omnichannel enabled so loan officers are able to engage customers online, through email, text, and chat, providing the ability for loan officers to stay in touch with borrowers through what is complex and financial transactions. Leveraging FinLeads has enabled early adopters to improve sales productivity and increase per loan origination application rate by 30% in the first three months. Comments on the News “We are extremely proud to be a long-term partner to Tavant as we continue to innovate across our technology platform. Tavant has helped us to achieve great integration outcomes and create a better customer experience. With data integrated from multiple sources on one platform, we are driving total autonomy for our loan officers with a single pane of glass through FinLeads to see leads from referral sources, actions by prospects on the borrower portal and loan milestones from the LOS. We are moving from a loan-centric view to a more customer-centric view that gives our sales team members greater control through a digital approach,” said Walt Carter, Chief Digital Officer, Homestar Financial Corporation. “We are delighted to offer FinLeads via Salesforce AppExchange to empower more users with intelligent and results-driven sales enablement ability. A unified view reduces the need for loan officers to navigate multiple systems, often repeating the same workflow across a CRM, point of sale, and then a loan origination system. It improves sales funnel efficiency, accelerates loan closure, and provides enhanced lending experience. FinLeads’ powerful analytical features can enable customers to intelligently support the selling process and help the business increase productivity and win more deals. With FinLeads, customers can immediately experience the benefits of our platform directly within Salesforce,” said Samya Ghosh, Head of Digital Practice, Tavant. About Salesforce AppExchange Salesforce AppExchange, the world’s leading enterprise cloud marketplace, empowers companies to sell, service, market and engage in entirely new ways. With more than 5,000 solutions, 7 million customer installs and 90,000 peer reviews, it is the most comprehensive source of cloud, mobile, social, IoT, analytics and artificial intelligence technologies for businesses. Additional Resources Like Salesforce on Facebook Follow Salesforce on Twitter Become a fan of Tavant Follow Tavant on Twitter Salesforce, AppExchange and others are among the trademarks of salesforce.com, inc.
Tavant’s Next-Gen QE Offerings Recognized by Everest Group in its PEAK MatrixTM Assessment Report
SANTA CLARA, Calif., January 09, 2020 Tavant, a leading digital products and solutions company, has announced that it has been recognized as an Aspirant in Everest Group’s Next-Generation Quality Assurance (QA) Services PEAK Matrix® Assessment 2020 report. The Next-Gen Quality Assurance (QA) Services PEAK Matrix Assessment intends to assess the evolving QA market landscape. “We are at the cusp of a major transformation wherein one of the biggest challenges for organizations is enabling a smooth shift to digital technology. The pervasiveness of this seamless digital ecosystem has set higher expectations from the Quality Engineering function in terms of delivering highly reliable, repeatable, and predictable results. There has been a paradigm shift as Testing and Quality Assurance have evolved to Quality Engineering (QE) that empowers organizations to embrace digital transformation. Tavant’s new-age digital assurance solutions- Analytics, Data Quality Engineering, AI/ML, Intelligent Automation, Enterprise Mobility, and IoT enable organizations to accelerate their digital transformation journey,” said Meera Krishnan, VP, Quality Engineering, Tavant. “We are delighted to be recognized by Everest Group as we continue to leverage next-gen digital technologies to help our clients envision a digital future in the testing arena. Tavant’s Digital Assurance solution addresses the multifaceted needs of ‘New-Age’ Digital testing. We have successfully enabled businesses to embrace digital assurance and testing capabilities around these new-age digital technologies,” Meera further added. To access the complete report, click here. Find Tavant on LinkedIn and Twitter.
Tavant’s Fintech Business Reports Year of Momentous Growth Fueled by Digital Transformation
SANTA CLARA, Calif., December 18, 2019 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, announced record growth, 24.3 percent annual revenue growth in its Fintech business and corporate expansion including the addition of a new Dallas Innovation Center. Additionally, the organization received multiple industry awards for innovative product launches and industry leadership. Hassan Rashid, Tavant’s Chief Revenue Officer, said, “2019 was an incredible year; we far surpassed our goals and objectives in terms of new customer and revenue growth. We continue to partner with the GSEs as well as the industry’s leading banks, financial institutions, Fintechs and Proptechs to deploy disruptive technologies and machine learning capabilities that address their top challenges including digital transformation and personalized customer experience. I am extremely proud of our achievements in the Fintech space which were further confirmed by a record achievement of seven renowned industry awards.” In 2019, Tavant was recognized for multiple industry awards including: Tavant VΞLOX Awarded the 2019 HousingWire Tech 100 listing; Tavant Named to the 2019 IDC FinTech Rankings; Hassan Rashid, chief revenue officer, Tavant, Named a Lending Luminary by Progress in Lending; Raj Menon, chief marketing officer, Tavant, Named a PR, Sales and Marketing Trailblazer by Progress in Lending; Aasif Mohammad, director of engineering, Tavant, named a HousingWire Insider; Vinita Ranade, senior product manager, Tavant, named a HousingWire Tech Trendsetter; Ankur Agrawal, director of engineering, Tavant, named a HousingWire Rising Star. Earlier this year, Tavant announced continued expansion with the addition of a new technology innovation center in Dallas, continuing its growth in the financial technology and services space. The center focuses on new product development and providing new-age digital experiences to lenders via Digital Factories. The company attributes much of its growth to its ongoing commitment to product development and providing the industry with disruptive, innovative solutions and services. During the year, Tavant solved multiple complex lender and borrower challenges. Tavant’s thought leadership and deep industry relationship helped to bring together the nation’s six mortgage insurance providers on a common technology platform – FinConnect – and enable MI Basket Order, an enhanced version of its Mortgage Insurance suite of services to seamlessly integrate rate quote capability across multiple insurance providers; and MI Best Execution, a new feature that allows lenders to apply a set of rules on top of its MI Basket Order feature to ensure borrowers get the best MI Products. Tavant continues to focus on deploying innovative digital lending components via its premiere AI-powered product suite, Tavant VΞLOX. Tavant launched its patent-pending Affordability Advisor product that leverages deep learning models within its consumer direct portal to provide advice to borrowers. Using the Tavant VΞLOX platform from a financial institution, a borrower begins a mortgage application and using the Affordability Advisor interface, the solution automatically provides affordability information, as well as credit factors, enabling the borrower to modify their application if needed. Additionally, a top-five bank mortgage originator successfully launched FinRules, a new component of Tavant’s VΞLOX suite of products, and will be leveraged to improve loan fungibility and execution across investors without sacrificing operational efficiency. Tavant’s FinConnect, the intelligent lending data and services integration platform, was also enhanced the past year with the addition of auto-scaling capabilities and increased resilience through active-active configurations as well as the addition of multiple third-party data connectors such as the Zillow Zestimate, an advanced property valuation estimation tool that leverages neural networks and real-time data to provide lenders and borrowers more accurate home value estimates. Retention Intelligence Solution is the first product of its kind, leveraging deep learning models to enable lenders and servicers to predict and manage portfolio churn and focus on customer retention strategies. Find Tavant on LinkedIn and Twitter.
Tavant Appoints Srinivasa Chakravarthy Devarakonda as Quality Engineering Business Head
SANTA CLARA, Calif., December 03, 2019 Tavant, a leading digital products, and solutions company has announced the appointment of Srinivasa Chakravarthy Devarakonda as head of the company’s Quality Engineering business. Srinivasa Chakravarthy Devarakonda (Chakri) brings 19 years of experience in Quality Engineering and Digital Assurance services. He has been instrumental in setting up a large QE Center of Excellence (CoE) teams for many enterprises. In his new role, he will be responsible for driving and executing quality engineering strategies across product modules, ensure adoption and implementation of various testing methodologies for Tavant’s testing offerings such as Core Testing Services, Quality Engineering services, Digital Assurance Testing Services, New Age testing services such as AI/ML Testing, Analytics and Big Data Testing, RPA-Leveraged Testing, Salesforce Testing and Cloud Testing to help scale QE processes. Chakri has a proven track record in successfully developing and selling large deals in the IT space of Consulting, Professional Services, Quality Assurance Testing using a global delivery model. Prior to his appointment to this role, Chakri held the position of Solution Engineering Head at Cigniti, where he helped clients in defining and implementing QE services in Agile and DevOps that allowed fostering business growth. He has a Masters in Telecommunications and Network Security from Pace University and a Bachelor of Engineering from Madras University. “We are thrilled to welcome Chakri to our team. We firmly believe that his inputs and strategic direction will help us accelerate our digital transformation journey and ensure end-user delight,” said Raj Nair, Business Unit Head, Quality Engineering, Tavant. “I am excited to be a part of the company, which leverages advanced software testing services to help businesses achieve operational agility and accelerate their testing journey by automating critical aspects of lifecycle. My experience in Quality Engineering will expedite Tavant’s vision of providing more sophisticated testing solutions for customers in this rapidly changing business conditions,” Chakri commented. Find Tavant on LinkedIn and Twitter.
Tavant Wins Stevie® Award in 2019 Stevie Awards for Women in Business
SANTA CLARA, Calif., November 26, 2019 Tavant, a leading digital products and solutions company, has announced that Sreeja PM has been named a Stevie Award winner in the category of ‘Most Innovative Woman of the Year – Technology’ in the 16th annual Stevie Awards for Women in Business. The Stevie Awards for Women in Business honor women executives, entrepreneurs, employees, and the companies they run– worldwide. The Stevie Awards have been hailed as the world’s premier business awards. Sreeja is a technology leader driving innovation and technical excellence in the field of artificial intelligence, big data, and analytics. Sreeja spearheads the ‘Digital Assurance Center of Innovation’ at Tavant that is focused on addressing the changing face of technology. Sreeja’s excellent thought leadership & project management skills, exceptional customer-centric & collaborative approach, outstanding operational excellence mindset, and unprecedented understanding of digital solutions coupled with simplifying complexity & developing scalable propositions helped her implement digital transformation programs for Tavant’s customers. “In her role of leading the Digital Innovation program, Sreeja has brought in an impeccable blend of fast pace technology and customer-centric solutions while enabling businesses to harness the power of innovation. She demonstrates exemplary leadership qualities in every step of the way. This award is a true testament to the fact that we are committed to creating a customer-centric experience that helps organizations achieve their business goals,” said Meera Krishnan, VP, Quality Engineering. Details about the Stevie Awards for Women in Business and the list of Finalists in all categories are available at www.StevieAwards.com/Women. Find Tavant on LinkedIn and Twitter. About the Stevie Awards Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, the Stevie Awards for Sales & Customer Service, and the new Middle East Stevie Awards. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.