GAF and Tavant Partner to launch a Next-Generation Guarantee Management Solution
SANTA CLARA, Calif. SANTA CLARA, Calif., – Tavant, Silicon Valley’s leading digital products and solutions company, today announced that it has successfully implemented an end-to-end guarantee management solution for GAF, a Standard Industries company and the largest roofing and waterproofing manufacturer in North America. This joint initiative enhanced GAF’s guarantee registration-through-issuance processes in order to drive significant improvements in GAF’s external and internal guarantee management experiences. “GAF is committed to ensuring that our commercial roofing customers receive the highest quality service,” said David Merson, Sr. Director Contractor & Technical Services, GAF. “The new solution, powered by Tavant Warranty, truly unites GAF’s commercial stakeholders under one roof to provide a seamless customer experience, which is critical to continue delivering our best-in-class service and becoming a leader in the commercial roofing industry.” GAF had outgrown its legacy guarantee system and needed something more robust that could handle not only today’s volume but also expected growth in the coming years. GAF performed a comprehensive overhaul of its guarantee process on a global scale, selecting Tavant for its excellent balance of proven open-box and configurable solutions. By utilizing Tavant Warranty, GAF significantly reduced the duration of the guarantee issuance time frame and enhanced the overall customer experience. The next-gen warranty management solution, powered by artificial intelligence and machine learning capabilities, Tavant Warranty enables closed-loop warranty management. Tavant’s fully integrated, user-friendly, flexible, and scalable warranty management system allows manufacturers to handle claims and guarantee issuance accurately and consistently while dramatically reducing processing time. It helps manufacturers simplify their warranty process by giving them a unified solution for managing the claim and guarantee issuance lifecycles in an agile environment. “We are delighted at the successful launch of GAF’s new solution,” said Sridhar Garla, Tavant Warranty’s Head of Product Engineering. “We are enabling GAF business users to discover new and valuable business insights with Tavant Warranty. The solution will help them increase process efficiency by reducing manual effort in guarantee issuance processing, resulting in shorter turnaround times and increased productivity. Our goal is to give our customers a dynamic, 360-degree view of warranty management operations, allowing them to improve service quality and operational efficiency.” Find Tavant on LinkedIn and Twitter. About GAF GAF, a Standard Industries company, is the leading roofing and waterproofing manufacturer in North America. For more than 135 years, GAF has been trusted to protect what matters most for families, communities and business owners with its innovative solutions and focus on customer service. GAF’s leadership extends to its commitment to making a positive impact on its communities, industry, and planet. Learn more at www.GAF.com.
Tavant and Bayer Enter into an Innovative AgriTech Partnership to Transform Sustainable Farming Practices
SANTA CLARA, Calif. SANTA CLARA, Calif., – Tavant, Silicon Valley’s leading digital products and solutions company, today announced a strategic partnership with Bayer, a global leader in agriculture solutions, to introduce innovative AgriTech solutions that will empower organizations to drive innovation and growers to optimize crop yields, reduce expenses, and minimize their environmental footprint. The partnership comes at a crucial time when growers face mounting pressure to increase productivity while confronting many challenges beyond their control, such as unpredictable weather events and unstable commodity markets. By leveraging the latest technologies, such as Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT) analytics, Bayer’s ready-to-use data models, and Tavant’s technical and specialized expertise in the Agri industry, this partnership aims to empower the organizations to drive innovation and manage the farming challenges. With a focus on enhancing transparency and promoting sustainability throughout the food supply chain, this collaboration is set to transform the agricultural industry. “Innovation in digital agriculture is critical for achieving sustainable farming practices and ensuring adequate food supply. Data is often fragmented and challenging to access throughout the supply chain and developing digital solutions from scratch can be costly, but we are arriving at a very exciting moment in modern agriculture,” said Ines Kapphan, VP of Data & Cloud Solutions, Climate and Digital Farming, Bayer’s Crop Science Division. “Our work with Tavant provides innovators with readymade capabilities, so they can join Bayer and many other impactful companies in solving some of the world’s biggest challenges in agriculture.” “Tavant is a strong proponent of innovation and digitalization in achieving sustainable yields and disrupting the farm to fork value chain. Over the past two decades, Tavant has invested significantly in developing sustainable and efficient farming practices. As a strategic system integrator for Bayer, Tavant is committed to helping growers achieve more with less and providing them with the tools and knowledge necessary to grow crops sustainably while enhancing their profitability,” said Vikas Khosla, Chief Revenue Officer, Hitech, Tavant. “By developing pioneering solutions for transforming the way food is produced, distributed, and consumed, Tavant is poised to drive the agriculture industry forward and provide growers with the tools they need to succeed in a rapidly evolving market,” continued Khosla. Find Tavant on LinkedIn and Twitter.
Arc Home Launches Tavant’s Touchless Lending® Platform to Expand Wholesale Operations
SANTA CLARA, Calif., July 27, 2023 SANTA CLARA, Calif., July 27, 2023: Tavant, Silicon Valley’s leading digital lending solutions provider, today announced Arc Home LLC, a leading Non-QM and Non-Agency Wholesale and Correspondent lender, has successfully launched a new Broker platform: SPARC 2.0. Leveraging Tavant’s Touchless Lending® Broker Experience platform, Arc Home now provides a fully automated, frictionless experience for its broker clients and the lending tools they need to be self-sufficient and effectively satisfy borrower expectations. “At Arc Home, we have aggressive plans to accelerate growth in our Wholesale Lending channel, and our partnership with Tavant to enhance our new broker platform has put us on the right trajectory towards accomplishing these goals,” said Nazim Ahmed, CIO of Arc Home. “Brokers require and deserve an excellent service experience and need partners that enable them to operate with speed and efficiency. Today’s brokers have a different mindset – they not only understand technology but also embrace and demand it, which translates to a better experience for both the broker and the borrower. Tavant is equally committed to our success, and we consider them an extension of our team. Together, we have taken great strides to advance our digital lending capabilities, enabling brokers to operate quickly and efficiently while effectively managing their entire loan pipeline.” Arc Home provides a full assortment of proprietary Non-QM and Non-Agency mortgage solutions and products, filling a market void where borrowers may not be able to obtain traditional agency loans. Arc Home partnered with Tavant to accelerate its digital transformation strategy and has successfully deployed Touchless Lending to supplement its SPARC 2.0 broker portal. This enables Arc Home to provide a fully automated lending process, including integrated third-party services and data-driven processes to ensure a more intuitive experience for brokers, boosting productivity and reducing loan cycle times. “Our goal is to enable organizations, like Arc Home, to thrive in the wholesale business,” said Hassan Rashid, Chief Revenue Officer at Tavant. “Our Touchless Lending platform alleviates several broker-specific challenges and improves its overall borrower experience, enabling Arc Home to continue its rapid expansion while helping brokers reduce turnaround times for closing loans. As a leading Fintech software and solutions provider for over 23 years, Tavant proactively anticipates customer needs and adjusts accordingly to provide the right configurable solutions. Tavant’s Touchless Lending® product suite, which now includes experiences not just for home buyers, brokers, and loan officers but also for underwriters, realtors, servicers, and more, maximizes data-driven decision-making to solve even the most complex lender and borrower challenges. Tavant’s growing customer base originates one out of every three home loans in the United States. Find Tavant on LinkedIn and Twitter. About Arc Home LLC Founded in 2015, Arc Home is a leading Non-QM and Non-Agency TPO lender with a mission to provide its customers with a comprehensive array of mortgage solutions with an emphasis on specialty products. Placing customer service and satisfaction as our number one priority, our mission is to make the mortgage lending experience as seamless and stress-free as possible. We are committed to delivering on that promise every day. Learn more at: https://wholesale.archomellc.com/ Arc Home LLC – NMLS #81386 (www.nmlsconsumeraccess.org)
Tavant and Bayer Enter into an Innovative AgriTech Partnership to Transform Sustainable Farming Practices
SANTA CLARA, Calif. SANTA CLARA, Calif., – Tavant, Silicon Valley’s leading digital products and solutions company, today announced a strategic partnership with Bayer, a global leader in agriculture solutions, to introduce innovative AgriTech solutions that will empower organizations to drive innovation and growers to optimize crop yields, reduce expenses, and minimize their environmental footprint. The partnership comes at a crucial time when growers face mounting pressure to increase productivity while confronting many challenges beyond their control, such as unpredictable weather events and unstable commodity markets. By leveraging the latest technologies, such as Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT) analytics, Bayer’s ready-to-use data models, and Tavant’s technical and specialized expertise in the Agri industry, this partnership aims to empower the organizations to drive innovation and manage the farming challenges. With a focus on enhancing transparency and promoting sustainability throughout the food supply chain, this collaboration is set to transform the agricultural industry. “Innovation in digital agriculture is critical for achieving sustainable farming practices and ensuring adequate food supply. Data is often fragmented and challenging to access throughout the supply chain and developing digital solutions from scratch can be costly, but we are arriving at a very exciting moment in modern agriculture,” said Ines Kapphan, VP of Data & Cloud Solutions, Climate and Digital Farming, Bayer’s Crop Science Division. “Our work with Tavant provides innovators with readymade capabilities, so they can join Bayer and many other impactful companies in solving some of the world’s biggest challenges in agriculture.” “Tavant is a strong proponent of innovation and digitalization in achieving sustainable yields and disrupting the farm to fork value chain. Over the past two decades, Tavant has invested significantly in developing sustainable and efficient farming practices. As a strategic system integrator for Bayer, Tavant is committed to helping growers achieve more with less and providing them with the tools and knowledge necessary to grow crops sustainably while enhancing their profitability,” said Vikas Khosla, Chief Revenue Officer, Hitech, Tavant. “By developing pioneering solutions for transforming the way food is produced, distributed, and consumed, Tavant is poised to drive the agriculture industry forward and provide growers with the tools they need to succeed in a rapidly evolving market,” continued Khosla. Find Tavant Technologies on LinkedIn and Twitter.
GAF and Tavant Partner to launch a Next-Generation Guarantee Management Solution
SANTA CLARA, Calif. SANTA CLARA, Calif., – Tavant, Silicon Valley’s leading digital products and solutions company, today announced that it has successfully implemented an end-to-end guarantee management solution for GAF, a Standard Industries company and the largest roofing and waterproofing manufacturer in North America. This joint initiative enhanced GAF’s guarantee registration-through-issuance processes in order to drive significant improvements in GAF’s external and internal guarantee management experiences. “GAF is committed to ensuring that our commercial roofing customers receive the highest quality service,” said David Merson, Sr. Director Contractor & Technical Services, GAF. “The new solution, powered by Tavant Warranty, truly unites GAF’s commercial stakeholders under one roof to provide a seamless customer experience, which is critical to continue delivering our best-in-class service and becoming a leader in the commercial roofing industry.” GAF had outgrown its legacy guarantee system and needed something more robust that could handle not only today’s volume but also expected growth in the coming years. GAF performed a comprehensive overhaul of its guarantee process on a global scale, selecting Tavant for its excellent balance of proven open-box and configurable solutions. By utilizing Tavant Warranty, GAF significantly reduced the duration of the guarantee issuance time frame and enhanced the overall customer experience. The next-gen warranty management solution, powered by artificial intelligence and machine learning capabilities, Tavant Warranty enables closed-loop warranty management. Tavant’s fully integrated, user-friendly, flexible, and scalable warranty management system allows manufacturers to handle claims and guarantee issuance accurately and consistently while dramatically reducing processing time. It helps manufacturers simplify their warranty process by giving them a unified solution for managing the claim and guarantee issuance lifecycles in an agile environment. “We are delighted at the successful launch of GAF’s new solution,” said Sridhar Garla, Tavant Warranty’s Head of Product Engineering. “We are enabling GAF business users to discover new and valuable business insights with Tavant Warranty. The solution will help them increase process efficiency by reducing manual effort in guarantee issuance processing, resulting in shorter turnaround times and increased productivity. Our goal is to give our customers a dynamic, 360-degree view of warranty management operations, allowing them to improve service quality and operational efficiency.” Find Tavant Technologies on LinkedIn and Twitter. About GAF GAF, a Standard Industries company, is the leading roofing and waterproofing manufacturer in North America. For more than 135 years, GAF has been trusted to protect what matters most for families, communities and business owners with its innovative solutions and focus on customer service. GAF’s leadership extends to its commitment to making a positive impact on its communities, industry, and planet. Learn more at www.GAF.com.
Tavant Announces the Launch of a New Product to its AI-powered Touchless Lending® Platform
SANTA CLARA, Calif., April 25, 2023 SANTA CLARA, Calif., April 25, 2023 – Tavant, Silicon Valley’s leading digital lending solutions provider, today announced the launch of a highly anticipated new product, Asset Analysis, to Touchless Lending®, their AI-powered digital lending platform. With this addition, Touchless Lending will further solidify itself as the most comprehensive automated underwriting solution available to mortgage lenders by providing coverage over all four major underwriting components, including Income, Credit, Collateral, and soon Asset Analysis. Touchless Lending Asset Analysis is in the near-final stages of production and will be available in-market by the end of June 2023. “This upcoming launch of Touchless Lending Asset Analysis will perfectly complement our currently available underwriting products – Document, Income, Credit, Collateral, and Decision Analysis – and put Tavant one step closer to achieving our goal of enabling straight-through processing and fully automated underwriting for mortgage providers,” said Mohammad Rashid, Head of Fintech Innovation at Tavant. “Our current Touchless Lending products reduce the cost to process and underwrite by $1000 per loan and achieve a scale of double-digit underwrites per day per underwriter. With Asset Analysis fitting in as the final piece, Touchless Lending will be capable of having even more of an impact on reducing cycle times and origination costs for lenders.” Asset Analysis automates an underwriter’s labor-intensive process of reviewing assets and multiple bank statements, allowing them to accurately ensure that the borrower’s assets are responsibly sourced and quickly determine the likelihood that the borrower will have sufficient funds to cover down payments, closing costs, and reserves for the mortgage transaction. Asset Analysis checks for relevant loan details and document acceptability to identify and condition for large deposits or deposits from sources that are inconsistent with the loan application. Furthermore, AI and ML models are integrated into Asset Analysis to automatically review bank statement withdrawal transactions to detect, identify, and condition for anomalies, undisclosed financial transactions, or any recurring payments in the statements. “Touchless Lending Asset Analysis will identify, calculate, then determine borrower eligibility and derive qualified income across bank statements based on the investor or program-specific requirements,” said Hemanthkumar Jambulingam, Director of Fintech Product Management at Tavant. Touchless Lending provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline. Loan officers, processors, and underwriters utilize Touchless Lending’s machine-oriented, optimized workflows to engage with borrower and property data to make better decisions faster instead of relying on physical documentation and manual data entry. This one-of-a-kind solution automates the loan production process, allowing lenders to originate mortgages quicker while reducing costs and repurchasing risks. Touchless Lending also effortlessly integrates with existing systems, including client CRM, POS, and LOS. “Tavant offers the flexibility for lenders to determine whether they want to benefit from the whole Touchless Lending automation suite or instead choose one or a few analyses independently of the others,” continued Rashid. “Even if using all that Touchless Lending has to offer is guaranteed to generate higher productivity and efficiency than using only a portion of the platform, we understand that every lender is unique, and at Tavant, we are here to help you identify the optimal path to accommodate your specific needs.” As a leading Fintech software and solutions provider for over 20 years, Tavant proactively anticipates customer needs and adjusts accordingly to provide the right configurable solutions. Tavant’s Touchless Lending® product suite, which now includes experiences not just for underwriters and processors but also for home buyers, loan officers, brokers, realtors, and more, maximizes data-driven decision-making to solve even the most complex lender and borrower challenges. Tavant’s growing customer base originates one out of every three home loans in the United States. Find Tavant on LinkedIn and Twitter.
Tavant and PropMix partner to automate loan processing and underwriting using Appraisal Digitization
NEW YORK, NY / April 4, 2023 PropMix’s Appraisal Digitization now powers Tavant’s Touchless Lending® platform NEW YORK, NY / April 4, 2023 / – Tavant, a leading provider of AI-powered digital lending solutions for the consumer lending industry, today announced expanded functionality within its Touchless Lending® platform through a new partnership with PropMix, a fast-growing real estate valuation, decision support, and automation platform. As part of the partnership, PropMix’s Appraisal Digitization capabilities to convert residential appraisal PDF documents into standard MISMO XML is integrated into Touchless Lending using PropMix’s APIs. Tavant’s customers can now seamlessly process first-or second-generation (scanned) appraisal PDFs with no manual interventions. The result is an automated loan production process that lets correspondent buyers and sellers and wholesale lenders process mortgages faster with reduced costs. Tavant’s Document Analysis product within the Touchless Lending platform completely transforms the document-intensive mortgage origination process by automating recognition, classification, indexing, splitting, extracting loan data, and eventually, contextualizing this data for algorithmic processing and associating it with the borrowers on the loan. “PropMix’s Appraisal Digitization platform has helped us accelerate our product offering with a simple API interface to the complex process of extracting reliable data from appraisal PDFs,” said Mohammad Rashid, Head of Fintech Innovation at Tavant. “This partnership helps Tavant vastly improve (and for some cohort of loans, remove) the underwriters’ loan review process within the Touchless Lending loan manufacturing pipeline.” Appraisal Digitization from PropMix combines image processing, deep learning, OCR, and real estate valuation knowledge to deliver an accurate and consistent service to transform PDFs of various quality levels and different standard appraisal forms such as single-family, condo, or multi-family appraisals. “We are excited to work with Tavant to power their digital lending solutions for the industry,” said Daniel Mancino, EVP at PropMix. “Digitizing and extracting data from appraisal documents is an integral part of our appraisal modernization strategy.” PropMix specializes in implementing AI and machine learning models for extracting data from unstructured sources such as documents and images and integrating such data with its comprehensive housing market and public property data to deliver business solutions for mortgage, valuation, and real estate sectors. Find Tavant on LinkedIn and Twitter. About PropMix.io PropMix.io LLC is a real estate data, insights, and solutions company with deep experience in commercializing Artificial Intelligence. PropMix’s platform and solutions are widely used by mortgage lenders, appraisers, realtors, and investors. Built on industry open standards and with an intuitive user experience, PropMix’s solutions for the appraiser and lender market empower users to seamlessly engage with data and insights to understand collateral risk, assess appraisal complexity, and make valuation decisions. PropMix was founded in 2016 and is headquartered in New York. http://www.propmix.io Media Contact: Adrie Morales [email protected] 678-781-7227 PropMix Media Contact: Sakeer Hassan PropMix.io LLC [email protected]
Tavant recognized as top technology innovator by HousingWire in 2023 Tech100 Awards
SANTA CLARA, Calif., Mar. 21, 2023 SANTA CLARA, Calif., Mar. 21, 2023 – Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, announced today that for the fifth consecutive year, it has been named to the coveted HousingWire 2023 TECH100™ listing of the most innovative Mortgage Technology companies. Additionally, Tavant was named to the Real Estate listing for the third year in a row. Tavant’s recognition in the Tech100 Mortgage is exemplified by how the company is revolutionizing the mortgage process from origination to closing and servicing to secondary markets. Moreover, Tavant’s listing in the Tech100 Real Estate recognizes Tavant as a top technology company that is changing the home sales process forever from home search to lead management solutions and remote closing to transaction management software. For the eleventh year, the HW TECH100 highlights the housing economy’s 100 most innovative and impactful technology companies. Each year the Tech100 program has continued to expand, and the applicants increase in caliber and innovation as the demand for technology in housing continues to progress. The annual awards program is the only program of its kind to include technology serving both the U.S. residential real estate and U.S. residential mortgage industries. “As someone who had a front-row seat to watch the housing economy’s tech transformation, I am increasingly in awe of the innovation we have seen from the Tech100 winners year after year,” HW Media Editor-in-Chief Sarah Wheeler said. “With new technologies emerging every day, I am proud to be part of this exciting journey that has positioned the industry to be more efficient, more transparent and more accessible than ever before.” Tavant was recognized in the Mortgage Technology category for the exemplary contributions of its automation platform, Touchless Lending®, which has given lenders the tools they need to accelerate their loan process and minimize origination costs since the platform’s initial release in 2021. This technology uses straight-through processing and automation to solve lenders’ pain points and optimize underwriting and processing. Touchless Lending can achieve a clear-to-close decision in less than one week, approximately 80% faster than the industry average of 50 days. Touchless Lending enables associates to handle five times as many mortgages at once and reduces processing and underwriting costs by more than 75% per mortgage. In the Real Estate list, Tavant’s AI-powered, data-centric Proptech Platform powers more than half of the leading Proptech and digital real estate businesses. It accelerates growth by improving operational efficiency, productivity, speed, and accuracy, simplifying each stage of the home search and buying process. Additionally, it helps organizations transform their operations, processes, and models, providing the insights required to make intelligent decisions, as well as develop and monetize data assets. “Housing News podcast listeners are well aware of my vision and north star of a more elastic housing market — a housing market powered by technology that enables the same human capital efficient operations at 12 million annual loans as 4 million annual loans. We’re focused on elevating the innovators that are building paths and solutions that enable the largest and most important sector in the U.S. economy to operate efficiently and profitably — the innovators that make housing more accessible and more desirable for the 130 million households that benefit from the stability and economic advantages of homeownership” said Clayton Collins, CEO of HW Media. “The Tech100 program is the gold standard for organizations in housing who are at the forefront of the kind of innovation that will change the industry forever.” Hassan Rashid, CRO, Fintech, Tavant, said, “We are proud to be included as a top innovator and honoree in the 2023 HW TECH100. This recognition is further evidence of Tavant’s dedication to excellence and leadership in both the Mortgage and Proptech industries. At Tavant, our ability to use technology to shape the residential real estate revolution assists in helping forge the future of an industry that continues to drive the U.S. economic engine.” Find Tavant on LinkedIn and Twitter. About HW Media HW Media is the leading digital community for mortgage, real estate and fintech professionals to engage, learn and access the information they need to support decision-making and business growth. Aligned with our mission to Move Markets Forward, we publish daily news and content through each of our core publishing brands including HousingWire, RealTrends and Reverse Mortgage Daily. HW Media is based in Dallas, TX with team members across the country. 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 more than 125,000 newsletter subscribers daily and 1 million unique visitors each month and has more than 5,000 members and event attendees. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.
Tavant propels proptech into a new era with next-gen solutions
SANTA CLARA, Calif., Mar. 7, 2023 SANTA CLARA, Calif., Mar. 7, 2023- Tavant, a Silicon Valley-based provider of custom AI-powered solutions, today announced the launch of its latest phase in Real Estate Technology, Proptech 3.0. This phase in Tavant’s Proptech evolution introduces innovation to the real estate industry by delivering end-to-end solutions and connected AI-powered analytics that optimizes the ecosystem for all parties involved. Tavant’s deeply developed and trusted knowledge base enables its partners to unlock the full potential of their data while achieving impact and quality at every stage of the data monetization journey with precision. Tavant’s multi-sector, multi-generational experience enables scaling start-ups and industry leaders, such as the nation’s third-largest home builder, to entrust the digital transformation of its adjacent business units to increase flexibility and efficiency, resulting in a more complete and overall competitive business in the current environment. While the past twelve months were that of durability for the Proptech sector, Tavant’s trailblazing Touchless Lending® automation solution enabled 9,656 homeownership dreams daily, underwrote over 80 thousand loans, and increased revenue by 250% from the previous year on customer growth of 200%. Furthermore, Tavant has remained committed to its craft and is proud to have been awarded the ‘HousingWire Real Estate Tech 100 Award’ for the third year in a row. “Tavant’s mission is to empower the Real Estate ecosystem with problem-solving solutions that enhance processes and create and support progress,” said Brad Sivert, Head of Proptech, Tavant. “AI has the ability to drastically improve the Real Estate Industry and bring about unprecedented efficiencies. Our AI expertise has enabled us to deliver never-before-seen technology solutions that streamline processes, improve accuracy, enhance the overall customer experience, and more for over two decades.” Over the past year, Tavant has delivered focused technology solutions that improve business success for our valued real estate customers, including MLS data optimization, large digital transformations through aggregations and integrations, and algorithm transformations adapting to unique market shifts that resulted in higher levels of accuracy and consumer engagement. Tavant continues to develop automated solutions to improve how buyers, sellers, and investors find realtors and other critical resources online via mobile apps and search engines. Tavant optimizes and automates data workflows so enterprises of all sizes can launch game-changing digital-first solutions and become industry leaders. Among other recent works was a partner hyper-focused on increasing efforts to construct affordable housing, where Tavant delivered custom technology solutions that bridged the gap between building homes, automating the end-to-end loan application process, and connecting third-party financial systems while working with actively changing state regulations to create one seamless and effective system for both partner, provider, and consumer. “Applying key technologies like Data Engineering, Computer Vision, Natural Language Processing, Predictive Modeling, and Optical Character Recognition to provide real-time data solutions for other industries (i.e., Fintech, Agtech, and Media) is now directly transferable across the Built World, as industry lines are being cross-over like never before,” said Paresh Deshpande, Head of Proptech Growth, Tavant. “Our portfolio of AI-enabled products and bespoke solutions equips us to constantly be in discovery mode, driving the much-needed innovation for our partners.” Tavant’s dexterity extends far beyond the residential real estate market. With a focus on impact and innovation, Tavant continues to push change across the industry by providing advanced technological solutions that set new standards and push a gamut of industries to new heights, including Commercial Real Estate, Contech, Climate Tech, Insurtech, and Manufacturing. With 23 years of resilience, recent expansion into Europe and APAC, and a series of metamorphic milestones, Tavant is the premier implementation partner for businesses looking to transform, scale, and stay ahead of the curve. Find Tavant on LinkedIn and Twitter. Media Contact: Adrie Morales [email protected] 678-781-7227
Newfi Lending Partners with Tavant, Integrates with Touchless Lending® Document Analysis
SANTA CLARA, Calif., Feb. 15, 2022 SANTA CLARA, Calif., Feb. 15, 2022 – Tavant, a Silicon Valley-based provider of industry-leading digital lending solutions, and Newfi Lending, a technology-focused multi-channel mortgage lender, today announced the successful integration of Newfi’s digital mortgage experience with Touchless Lending® Document Analysis. This partnership marks Tavant’s official expansion into Non-QM Lending and a significant step in the evolution of Newfi’s business and advancement in the mortgage industry. “We have only recently started with Tavant’s Touchless Documents, yet we already see returns in both labor effectiveness and data accuracy. Documents are just the first step for us, and we can’t wait to get started with Credit and Collateral in the near future,” said Amit Pall, SVP at Newfi Lending. “We have identified that our current implementation of Touchless Documents has realized an estimated 70% reduction in processing time and significantly reduced our dependency on FTEs and manual processes.” Document Analysis is a proprietary product of Tavant’s Touchless Lending automation platform, designed to integrate with existing lender systems seamlessly, including CRMs, Point-of-Sales, LOS, and document management systems. Document Analysis completely transforms document processing by instantly recognizing documents, optimizing document-related workflows, and accurately automating document classification, indexing, splitting, categorization, pairing with borrowers, and data extraction. Leveraging Touchless Documents will provide Newfi with a more streamlined and seamless experience for all involved stakeholders. Tavant’s partnership with Newfi to integrate Touchless Documents into their digital mortgage experience will feature machine-oriented classification, as well as handle Exception Processing for documents with low confidence rates, allowing for fully end-to-end document processing. Furthermore, documents processed through are sourced from Newfi’s Broker Portal (BLU), which is also integrated with Touchless Lending, specifically the platform’s Origination Experience designed for brokers and TPO partners. “All in all, Tavant has taken care of Newfi’s broker interface, broker feature functionality, and broker uploads of documents, which are then routed to Document Analysis, where we are doing the machine-oriented classification,” said Mohammad Rashid, Head of Fintech Innovation at Tavant. “At our current stage, Touchless Lending is classifying and processing all documents for Newfi’s loans, which include over 358 different types of documents, with over 88,000 pages processed every month. We are reducing the number of people in the loop and the need for manual reviews, and we are doing it end-to-end. Newfi has fully deployed Tavant’s Document Analysis solution into production. This is the first step in Newfi’s integration with Touchless Lending, which will feature implementations of the platform’s Credit Analysis and Collateral Analysis automation in early 2023. As a leading Fintech software and solutions provider for more than 20 years, Tavant proactively anticipates customer needs and adjusts accordingly to provide the right configurable solutions. Tavant’s Touchless Lending® platform maximizes data-driven decision-making to solve even the most complex lender and borrower challenges. Tavant’s growing customer base originates one out of every three loans in the United States. Find Tavant on LinkedIn and Twitter. About Newfi Lending Newfi is a multi-channel lender that is setting the standard for efficiency, transparency, and service in the mortgage marketplace. Founded by industry veterans, Newfi is committed to innovation in lending products for both consumers and mortgage brokers under the Newfi Lending brand. To learn more about Newfi Wholesale and explore rates, visit www.newfiwholesale.com.