Tavant Named to 2019 IDC Fintech Rankings
SANTA CLARA, Calif., Sept. 24, 2019 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, announced today it has been named to the 2019 IDC FinTech Rankings, the most comprehensive vendor ranking within the financial services industry. The annual IDC Financial Insights FinTech Rankings recognizes companies that are among the top financial technology providers worldwide and includes rankings of top global technology providers to financial institutions. The rankings are based on 2018 calendar year revenues of hardware, software and IT services from financial institutions. Global providers of financial technology in hardware, software and services are categorized and evaluated by IDC to determine key players in the space. “IDC is honored to recognize the technology providers that appear on the 16th annual FinTech Rankings,” said Marc DeCastro, Research Director at IDC Financial Insights. “These are the companies that have shown commitment to the financial services institutions and their appearance on the list is a testament to that dedication.” Now in its 16th year, the IDC FinTech Rankings categorize and evaluate the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach half a trillion dollars by 2020. “Being named in the IDC FinTech Rankings is a significant accomplishment, demonstrating a provider’s commitment to the success of its financial institution clients,” states Marc DeCastro, Research Director at IDC Financial Insights. “The IDC Fintech Rankings, now in its 16th year, is the global standard list of fintech providers to the industry, and we congratulate the 2019 winners.” The annual IDC FinTech Rankings has become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players. In addition, the IDC FinTech Rankings serve as a critical tool for financial institutions and companies to use during strategic planning and to review whenever they consider new investments in third-party solutions. Tavant and the additional vendors featured in the 2018 IDC FinTech Rankings lead the charge in guiding financial institutions toward successfully executing digital transformation initiatives in an increasingly digital economy. “IDC Financial Insights is widely recognized as a thought leader at the forefront of our industry and we are honored to be included in its annual fintech ranking,” said Hassan Rashid, CRO, Tavant. “This recognition is a testament to our ongoing commitment to innovation and providing our customers 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 the partnerships and all-round excellence in everything we undertake.” 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. Find Tavant on LinkedIn and Twitter.
Tavant to Showcase FinLeads, a Revolutionary Customer Engagement and Acquisition Platform at the Digital Mortgage 2019 Conference
SANTA CLARA, Calif., September 19, 2019 Tavant, a leading digital products and solutions company for the lending industry, today announced that it is participating at the Digital Mortgage 2019 Conference to be held on September 23 and 24 at Wynn, Las Vegas. FinLeads is a part of Tavant VΞLOX, the mortgage industry’s leading AI-powered digital lending suite of products. FinLeads, a one-stop-shop solution for sales and marketing, harnesses data from multiple systems of record and delivers that information to your customer-facing teams; subsequently, redefines the customer journey. This robust customer engagement and acquisition platform leverages intelligent algorithms to streamline and personalize the ‘lead to loan’ journey. The solution customizes the Salesforce platform’s out-of-box functionalities to provide a consolidated 360° view of the customer engagement journey across multiple channels. Tavant will also be moderating a panel discussion revolving around Redefining the Borrower Experience by Leveraging Design Thinking Best Practices from Outside Mortgage on September 23, 4:20 p.m. – 4:55 p.m. “The mortgage industry is grappling with a multitude of challenges: digital-led shifts in operating models, increasing loan origination and servicing costs, and stringent regulations. Besides, customers are gravitating more towards digital experiences and digital products. Lenders need to have a clear digital CX strategy if they do not want to miss the boat. Tavant VΞLOX is an AI-powered, data-driven, omnichannel digital lending platform for lenders. VΞLOX delivers an exceptional customer experience and enhances trust while reducing time and cost of the lending process through intelligent automation, improved fulfillment efficiency, increased collaboration, and overall digital simplification,” said Hassan Rashid, CRO, Tavant. “Our years of experience in mortgage technologies, the right mix of operational and digital capabilities such as Artificial Intelligence, RPA, and a strong focus on customer journey have enabled us to engineer the VΞLOX suite of products to ensure the maximum impact to all stakeholders in a mortgage life cycle,” Rashid added. Tavant’s lending products and platforms are transforming lenders into intelligent digital lending enterprises. Its suite of solutions provides the flexibility and scale that helps deliver immersive lending journeys and seamless omnichannel experience. Tavant is focused on delivering innovative solutions that offer game-changing results for the financial industry. Every element of the loan lifecycle is now AI-enabled and digital with VΞLOX. Meet Tavant at Kiosk K505 and K700 to learn how VΞLOX maximizes the use of data-driven processes to automate the loan origination lifecycle fully. Email us at [email protected] to schedule a meeting. About Tavant VΞLOX Tavant VΞLOX is the industry’s leading AI-powered digital lending 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 loan discovery to loan funding to loan servicing. Find Tavant on LinkedIn and Twitter.
Raj Menon, CMO, Tavant, Selected as a Sales, Marketing, and PR Trailblazer Award Winner by Progress in Lending
SANTA CLARA, Calif., September 11, 2019 Tavant, a leading digital products and solutions company, today announced that their new Chief Marketing Officer, Raj Menon has been awarded the first-ever Sales, Marketing and PR Trailblazers award by PROGRESS in Lending. He was recognized for driving sales and marketing with personalized advice and customized solutions that meet the complex demands of Tavant’s prospects. Menon’s leadership and experience brought a unique perspective to Tavant, where he recognized the opportunity to leverage advanced technology to bring the modern mortgage tech stack together in an entirely new way. He is a company building leader who understands what it takes to catapult companies to the next level and quickly increase revenue. PROGRESS in Lending recognizes the sales, marketing, and public relations executives that are making the biggest impact. This award is a step towards recognizing the inexhaustible marketing, public relations, and sales executives who are blazing a trail in their respective domains and bringing in huge financial gains for their organizations. “Raj Menon is a results-driven leader who excels at making organizations stand out in the crowd. His vast knowledge, experience, and expertise to propel companies forward in all facets across industries are unparalleled. Menon has been instrumental in ensuring success through his comprehensive and big-picture thinking in his work in the financial services, technology, and corporate services industries. He leverages his experience to implement complex business solutions and is skilled at advising organizations piloting digital transformation strategies as well as creating business and technology goals,” said Hassan Rashid, CRO, Tavant. Find Tavant on LinkedIn and Twitter.
Aasif Mohammad, Tavant, Wins 2019 HousingWire Insiders Award
SANTA CLARA, Calif., Sep 5, 2019 Tavant, a leading digital products and solutions company for the lending industry, today announced that Aasif Mohammad, Senior Engineering Manager, has been named a 2019 Insiders Award™ recipient by HousingWire (HW) magazine. Aasif was recognized for bridging the gap between the technical intricacies of implementation with the ability to apply in-depth product knowledge that moves businesses forward. His valuable skillset marries two traditionally independent groups, allowing him to provide unique solutions to challenges or issues with a broader perspective than most. Aasif leverages this breadth of knowledge to engage with executive management, business teams, and technology leadership across Tavant and throughout the mortgage industry. Aasif is instrumental in leading various critical client engagements that include: A long-term tech transformation initiative to develop a next-gen enterprise underwriting platform for a mortgage insurer Green-field development of point of sale systems targeted towards millennials for a mortgage lender A custom platform for file review for a real estate services company Aasif is currently spearheading implementation at a top seven national lender for Tavant VΞLOX, an AI-powered digital lending suite of products that is solving the most complex lender and borrower challenges. “Tavant operates on nine core values, all of which Aasif has unfailingly demonstrated throughout the years. When we opened our office in Dallas, it was Aasif who moved first and was looked upon as a true personification of the company’s core values by our new employees. He has been awarded the ‘Tavant Excellence Award’ multiple times as well as the ‘Finding Optimism Award’ for his optimism, positivity, and ability to motivate others. He is consistently willing to take on additional responsibilities, whether it is organizing cultural, sports, technical events, or developing new products in the VΞLOX suite. He has never failed to impress us with his dedication, ideas, and overall exemplary performance,” said Hassan Rashid, CRO, Tavant. Read the original article here. Winners are profiled in the September issue of HousingWire magazine. To view the complete listing of award honorees, visit https://www.housingwire.com/articles/49941-here-are-housingwires-2019-insiders. About HousingWire HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 40,000 newsletter subscribers daily and over 4 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit https://www.HousingWire.com or https://www.solutions.housingwire.com to learn more. Find Tavant on LinkedIn and Twitter.
Tavant Appoints Raj Menon as Chief Marketing Officer
SANTA CLARA, Calif., Aug. 22, 2019 Tavant, a Silicon Valley-based provider of digital products and solutions, today announced the appointment of Raj Menon as chief marketing officer. Menon joins the company at a pivotal moment marked by record growth and expansion propelled by the increasing demand for technology solutions and products. In this role, Menon is responsible for driving the company’s global marketing efforts including building out a world-class marketing team to further drive the company’s transformation, corporate branding efforts and strengthen industry alliances. Prior to joining Tavant, Menon served in various senior leadership roles at Cognizant where he successfully boosted sales, expanded marketing efforts and further streamlined operations for North America based clients. Most recently, his vision and executive leadership positioned Cognizant’s lending unit as one of the most successful industry practices. Additionally, Menon held leadership positions at AIG and TCS. “Tavant is one of the pioneers of AI-powered digital solutions and products that continue to disrupt and enhance the way organizations worldwide conduct their business,” Menon said. “Tavant is often recognized for its commitment to collaboration, fostering an open environment in which ideas are easily exchanged and collaboration amongst employees and clients is not only encouraged, but a driving factor in the company’s continued success. I am honored to join the team and look forward to further expanding Tavant’s global footprint.” Tavant’s solutions, powered by Artificial Intelligence and Machine Learning algorithms, are leveraged by companies in consumer lending, media, and manufacturing industries to improve operational efficiency, productivity, speed and accuracy in the interconnected world to succeed in a rapidly changing business environment. Its suite of products and solutions are routinely rated high by the industry and the media and deployed by leading businesses. “Raj joins us at a time when Tavant is rapidly expanding around the globe,” said Sarvesh Mahesh, CEO, Tavant. “His depth of experience and proven track record of developing and deploying innovative marketing campaigns and plans will prove pivotal as we continue on an exponential growth track fueled by global increasing demand for innovative digital solutions and products. I am pleased to round out the Tavant management team with the addition of such a high-caliber executive. Raj has proven to be a force in the industry and will play an important role in our future market expansion plans.” Find Tavant on LinkedIn and Twitter.
Tavant Invited to Speak at Western Secondary Market Conference 2019
SANTA CLARA, Calif., July 16, 2019 Tavant, a leading digital products and solutions company for the consumer lending industry, today announced that it is exhibiting at the Western Secondary Market Conference, from July 15-17, 2019, San Francisco. Mohammad Rashid, Tavant’s head of consumer lending practice will speak at the panel discussion titled ‘Profitability – Top areas of focus for independent mortgage bankers’ at Colonial Room, Westin St. Francis Hotel on Tuesday, July 16 at 10:30 a.m. At the conference, Tavant will demonstrate solutions that leverage machine learning and process automation techniques to bring a higher degree of loan fungibility in the secondary market. Tavant will also provide an exclusive preview of its AI-powered digital lending platform, TAVANT VΞLOX. VΞLOX brings a best-in-class fully personalized and device-agnostic user experience while reducing significant costs in the origination process. This AI-powered digital lending platform provides a single, integrated, hierarchy-based view of the entire pipeline, and provides lenders with the ability to drive the lending transaction seamlessly. 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. The suite enables clients to enhance borrower functionalities through FinXperience, deliver actionable customer and business insights based on deep learning models through FinSights, and improve collaboration between realtors, loan officers, and consumers with FinConnect. “The idea that superior borrowing experience leads to profitability and growth resonates with nearly everyone. Most lenders intuitively know to stay ahead; they need to focus more on meeting the needs of borrowers through digital mortgage capabilities. However, they don’t always measure the impact of their technology and their system investments on the consumer. We are dedicated to solving these challenges with deep industry expertise coupled with a variety of products on a single platform, specifically designed to enhance the overall digital customer experience,” said Vibhor Mishra, Tavant’s head of marketing. “Great customer experiences don’t happen by accident. Organizations need to develop a customer-experience vision and a plan to reach there. The Tavant VΞLOX suite of products enables a seamless channel, device, and interaction-agnostic experience across the loan application process. It creates a delightful customer journey and a seamless omnichannel experience. The suite helps businesses to grow origination volumes by 2.5X, improve pull-through rates by 25%, reduce origination costs by 35%, and reduce the average loan close time by 14 days,” stated Mohammad Rashid, Tavant’s head of consumer lending practice. Meet Tavant at Westin St. Francis, Booth #103 or e-mail us at [email protected] to set up a meeting with a Tavant expert or schedule a demo. 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. Media Contact: Vibhor Mishra Tavant 408.519.5400 | [email protected]
Tavant Presents Mortgage Mavericks on the Midway during California Mortgage Bankers Association’s Premiere Mortgage Innovators Conference
SANTA CLARA, Calif., July 16, 2019 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, today announced it is the exclusive event sponsor of the California Mortgage Bankers Association’s (CMBA) inaugural Mortgage Innovators Conference (MIC) taking place Aug. 11 – 13, 2019 in San Diego. This is the only industry conference specifically designed to highlight and bring together top innovators. During the conference, Tavant is presenting a special “Mortgage Mavericks” event aboard the USS Midway aircraft carrier, featuring live music, food and an opportunity to network with industry insiders and innovators. The MIC will feature speakers and companies that will provide practical innovation and improvement strategies for mortgage banking and digital mortgage implementation. Featuring engaging topics from Day 1 Certainty® to blockchain, the event will include presentations from industry insiders and will showcase demonstrations of leading technology solutions and platforms. Chuck Iverson, board member and conference chair for California MBA, said, “Tavant is the first name I think of when it comes to innovation and thought leadership in our industry. They are leading by example and have been instrumental in pushing the industry forward in this digital era. I am so pleased that we are partnering with them to share their unique industry perspective and insights regarding the critical role of innovation to the industry’s future success.” Iverson along with Tavant’s CEO, Sarvesh Mahesh, will kick-off the three-day event with an interactive discussion regarding what lenders need from their technology providers, as well as examining best practices from other industries and discussing how those principles can be applied within the lending market. Atul Varshneya, vice president, Tavant, is also hosting a “tech-talk” discussing how machine learning and artificial intelligence (AI) will shape the lending industry. Additionally, dozens of modern, innovative lending solutions and platforms will be demonstrated during the conference including Tavant’s AI-powered digital lending suite of products, Tavant VΞLOX. According to Tavant, digital lending continues to rapidly gain momentum, making this event both timely and relevant to all lenders. In fact, the company recently announced its expanding customer base originate one out of every four loans in the U.S., indicating the growing demand for digital solutions that are both flexible and scalable, but most importantly, provide a seamless customer experience. Attendees will also hear from recognized industry brand leaders regarding the latest trending topics, and will have the opportunity to participate in: “Tech-talk” presentations from industry’s top innovators, Demos from industry’s best-in-class companies, Presentations from Fannie Mae and Freddie Mac providing highlights of their innovation strategies, and The Innovation Lab, a technology meeting space for collaboration with industry partners and providers. Other featured topics of discussion include: How to turn big data into actionable intelligence, How will the customers experience change in five years, The “e” space: notes, closing, notary, and Strategies to improve execution and delivery. “We felt compelled to be involved with such an important industry conference,” said Vibhor Mishra, head of marketing, Tavant. “Like the California MBA, we are committed to innovation and to providing our customers a competitive edge in an increasingly demanding market. We will be discussing pivotal topics that will impact every stakeholder involved in the mortgage process. This is a unique event that allows lenders and investors to explore future strategies and share ideas with the industry’s best and brightest technology providers. I am pleased to partner with the California MBA in sponsoring this event and look forward to collaborating with the industry’s best and brightest during the Mortgage Innovators Conference.” Find Tavant on LinkedIn and Twitter.
Tavant’s Digital Lending Business Reports Surge in Growth and Increased Adoption
SANTA CLARA, Calif., June 20, 2019 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, today announced it has achieved a company milestone reporting record growth of its lending business as momentum grows within the industry for digital technology. Rapidly gaining market share, Tavant’s expanding customer base originate one out of every four loans in the U.S. In response, the company appointed industry veteran, Prashant Kumar, to further drive and expand new business efforts. Sarvesh Mahesh, CEO of Tavant, said, “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 through consistently focusing on our people, the passion we bring to the partnerships and all-round excellence in everything we undertake. Our team’s in-depth knowledge, coupled with our suite of digital lending tools enables us to solve the day-to-day operational issues, as well as the more complex challenges facing today’s lender.” Building on the continued growth and momentum in the lending industry, Tavant is investing in continued innovation of Tavant VΞLOX, the company’s digital lending suite of products. This will ensure the products will continue to provide leading lenders with a solution that is flexible, able to scale and most importantly, provides a superior customer experience in a modern, digital environment. Mahesh, continued, “This further demonstrates our commitment to innovation and to providing our customers a competitive edge in an increasingly demanding market. While the term business partner is often overused, it remains an important guiding principle for our organization. We value collaboration and building long-term partnerships and as such, our customers view us as much more than technology providers, but rather an extension of their team, a trusted advisor. We’ve assembled a team of the lending industry’s best and brightest individuals and are pleased to welcome Prashant to our team. His unique industry experience will prove invaluable in leading this new endeavor.” Kumar brings more than 25 years of mortgage, auto lending and personal finance industry expertise to the position and is a proven leader in the financial services arena. In his role, Kumar oversees the management and growth of Tavant’s global consumer lending efforts, including North America, Europe and Asia-Pacific. Throughout his career, Kumar has consistently driven business growth while increasing profit margins, productivity, and quality. Find Tavant on LinkedIn and Twitter.
Tavant FinLeads Chosen By NewRez To Transform Lead Engagement
SANTA CLARA, Calif., April 4, 2019 Tavant, a leading digital products and solutions company for the lending industry, today announced that NewRez LLC (formerly known as New Penn Financial), a leading national mortgage lender, has successfully rolled out its new customer acquisition platform powered by FinLeads to boost its lead management process. The solution will enable NewRez to maximize lead potential and accelerate closures. FinLeads, a component of the Tavant VΞLOX suite, is a robust customer engagement and aggregation platform that leverages intelligent algorithms to automate, streamline, and personalize the ‘lead to loan’ journey. The product customizes the CRM platform’s out-of-box capabilities and provides a consolidated 360° view of the customer engagement journey and management of the journey across multiple channels. It helps businesses streamline funnel management and improve operational efficiencies. “FinLeads allows organizations to engage their prospective customers, enables data-driven decision making, and empowers them with complete control over the customer journey,” said Hassan Rashid, Tavant’s Chief Revenue Officer. “We look forward to our continued partnership with NewRez to optimize their sales and marketing funnel and increase ROI while helping them accelerate their digital journey.” “Lack of visibility into the sales pipeline, multiple lead providers, and disparate data sources constrain the organization. This has impacted our top line revenue and bottom-line operational productivity. We have increased our operational efficiencies and improved our loan officers’ productivity with Tavant FinLeads’ omnichannel customer engagement functionality coupled with powerful Salesforce capabilities. Onboarding to FinLeads has helped us gain an integrated view of pipelines across our office locations nationwide, enabling us to improve sales productivity and increase per LO application rate by 30% in the first three months,” said David Haggert, Chief Marketing Officer, NewRez. About NewRez LLC NewRez LLC (NewRez), formerly New Penn Financial, LLC, is a leading nationwide lender that focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into unparalleled customer experience. Founded in 2008 and licensed to lend in 49 states, NewRez is headquartered in Plymouth Meeting, Pennsylvania and operates multiple lending channels, including Wholesale, Correspondent Lending, Direct-to-Consumer, Retail, and a network of Joint Venture partners. NewRez is a Shellpoint Partners company and a member of the New Residential Investment Corp. family. More information is available at newrez.com. About Tavant VΞLOX Tavant VΞLOX is the industry’s leading AI-powered digital platform 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 a simple omnichannel experience and high-velocity execution: from home discovery to home ownership. Find Tavant on LinkedIn and Twitter. Media Contacts: Vibhor Mishra Tavant 408.519.5400 | [email protected]
2019 HW Tech100 winner: Tavant
April 1, 2019 Tavant VELOX is an artificial intelligence-powered digital lending platform with intelligent automation, fulfillment efficiency improvement, and overall digital simplification. Tavant’s products are full life cycle digital lending solutions and drive collaboration among all key participants in the real estate acquisition and lending process. FinXperience is the flagship platform in the Tavant VELOX suite of products. The FinXperience platform provides a full digital loan process from lead F1management, electronic disclosures, detailed loan status, conditions management, document upload and comprehensive alerts/notifications across the lending value chain. Those using FinXperience saw a 60% growth in consumer engagement on the portal, with over 70% submitting their loans through the point of sale platform.