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.
Tavant Expands Transformative Data & AI Analytics Services to the Healthtech Industry
SANTA CLARA, Calif., Jan. 31, 2023 SANTA CLARA, Calif., Jan. 31, 2023 – Tavant, a Silicon Valley-based data and analytics solutions provider, today announced that it has expanded into the Healthtech industry, offering a diverse portfolio of innovative technology solutions to improve productivity for health organizations and improve health outcomes for the general public. Tavant’s strategy is to continue to capture the many attractive opportunities available in today’s growing health technology (Healthtech) market. Tavant has partnered with a leading digital health organization to establish an infrastructure and data operations platform, restructure their web portal and prescription purchase workflow, enable geographic customization of medication details, and develop a telehealth portal. The healthcare partner was able to automate and stabilize its deployment process, resulting in a 70% reduction in testing timeframes, a 90% improvement in defect detection, and dynamic price monitoring and revenue optimization. “Healthtech is the fastest growing vertical within the healthcare sector. Digital transformation can help healthcare businesses work through that complexity and efficiently turn dollars spent into extending and saving lives,” said Sarvesh Mahesh, Founder and CEO at Tavant. Our highly customized, disruption-proof services improve performance and save costs. Tavant helps businesses become data-driven enterprises to enhance customer centricity and bring cutting-edge solutions to the market faster for their patients. Due to the current economic conditions, healthcare organizations are often required to choose between patient satisfaction and cost optimization. Tavant proposes rethinking healthcare goals with data and AI analytics solutions that break down organizational silos, promote business agility, cut costs, and improve operational efficiency. Tavant’s analytics-based solutions drive better health outcomes for people and greater productivity for care providers without compromising core principles. “Healthcare organizations have ambitious goals, and we’ve expanded our capabilities to help them compete and grow through increased efficiency and better patient and workforce experiences,” stated Vikas Khosla, CRO and Head of Healthtech at Tavant. “The result is faster, improved, and lower cost of services. From streaming enormous amounts of data to collecting and storing data at scale to processing and maintaining different states of data, to efficiently serving complex data models and giving analytical and visual products to the company, there is a solution for everyone. We’ve done it all and more.” Find Tavant on LinkedIn and Twitter.
Revolution Mortgage Selects Tavant to Transform its Digital Experience with Touchless Lending®
SANTA CLARA, Calif., Jan. 19, 2023 SANTA CLARA, Calif., Jan. 19, 2023 – Tavant, a Silicon Valley-based provider of industry-leading digital lending solutions for over 20 years, and Revolution Mortgage, a nationwide residential mortgage lender, today announced they have partnered to integrate Revolution’s digital mortgage experience with Tavant’s Touchless Lending® platform. This partnership will feature an end-to-end implementation of Touchless Lending Automation, starting with Decision Analysis, followed by Document, Credit, and Collateral Analyses in early 2023. “As we get closer and closer to launch, it is clear to us that Decision Analysis is more than just a tool for underwriters and quality control. We see Touchless Lending as a way to get to market faster with a competitive advantage and work efficiently in the market as conditions fluctuate,” said Tony Grothouse, CEO at Revolution Mortgage. “We have aggressive growth plans for Revolution for 2023, and this technology is exactly the type of infrastructure and efficiency we need in place to expand and deliver quality assets into the secondary market.” Touchless Lending Decision Analysis will allow Revolution Mortgage to automate and streamline its underwriting and application processes, thereby improving the lender’s overall borrower experience. This intuitive product allows lenders to optimize loan origination and processing by reviewing Multi-AUS (Automated Underwriting Systems) responses and comparing them with loan-specific data and Investor guidelines to generate multiple options to improve operational efficiency, including optimizing costs and decreasing processing times, among other potential avenues. Decision Analysis can integrate with any lender ecosystem and delivers a frictionless origination experience in the mortgage underwriting process for Borrowers, Loan Officers, Underwriters, and Capital Market teams. “Lending transactions, especially in the residential mortgage space, don’t just take place between borrowers and lenders. Rather, there are several other parties in the mix,” said Mohammad Rashid, Head of Fintech Innovation at Tavant. “Therefore, more than simply having one source of truth – one lending interface for both the lender and borrower – is needed to make any digital lending platform out there in the market its true-to-word digitized and automatized self. We are confident that Touchless Lending is that truth and investing in the whole platform will render the most optimal results, and once we finish deploying Document, Credit, and Collateral for Revolution Mortgage, our partnership will prove just that.” As of today, Revolution Mortgage has fully deployed Tavant’s Decision Analysis solution into production. This is the first step in the nationwide residential mortgage lender’s integration with Touchless Lending, which will feature implementations of the platform’s Document Analysis, Credit Analysis, and Collateral Analysis automations starting 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® product suite, which now includes Credit and Collateral Analysis, maximizes data-driven decision-making to solve even the most complex lender and borrower challenges. Find Tavant on LinkedIn and Twitter. About Revolution Mortgage Revolution Mortgage is a nationwide lender that offers lower rates and payments for refinancing and home purchase loans. We leverage technology to boost efficiencies in the loan process to give you a lower rate, faster closing, and a brand experience that’s ridiculously amazing. Founded in Columbus, Ohio, we have brick-and-mortar offices nationwide, and a digital lending platform with a seamless online lending experience. We offer a range of loans customized to fit a variety of needs.
Tavant Partners with One of the Largest Commercial Truck Manufacturers in the world to Provide a Connected and Seamless Service Experience
SANTA CLARA, Calif, and EINDHOVEN, Netherlands, NOVEMBER 1 2022 SANTA CLARA, Calif, and EINDHOVEN, Netherlands, NOVEMBER 1 2022 – Tavant, a digital products and solutions company and a global leader in service life-cycle management, today announced that it has partnered with Daimler Truck AG (DTAG), one of the world’s largest commercial vehicle manufacturers, to provide warranty and claim management solutions for its European brands. “Upon deployment, Tavant Warranty will enable seamless integration with all backend and frontend systems, bring in workflow automation, better configurability, and amplify productivity. We are excited to be working with Daimler Truck. This alliance opens the pathway to great synergy for accelerating the pace of service innovation,” said Vikas Khosla, Chief Revenue Officer, Hitech, Tavant. Leader in IDC MarketScape for warranty and service contract management, Tavant Warranty is a next-generation warranty management software solution. It uses AI and machine learning capabilities that transform the warranty and service process by constantly adapting to an analytics-first decision-making engine. The solution enables manufacturers to make intelligent warranty decisions, allowing businesses to concentrate on more complex and significant value-driven problem statements. “This collaboration emphasizes our commitment to digital growth. Tavant’s connected service life-cycle solutions integrate seamlessly with legacy systems to harmonize business processes. Throughout this transformation journey, we will implement a modern, future-ready, and integrated warranty and goodwill system, provide a 360 view of the service life-cycle, and a superior aftersales experience to their customers,” said Roshan Pinto, Head of Manufacturing, Tavant. Find Tavant on LinkedIn and Twitter.
Tavant Launches Two Additional Products to its AI-Powered Touchless Lending Platform
SANTA CLARA, Calif. & NASHVILLE, Tenn., October 25, 2022 SANTA CLARA, Calif. & NASHVILLE, Tenn., October 25, 2022 – Tavant, Silicon Valley’s leading digital lending solutions provider, today announced at the MBA Annual in Nashville the launch of two highly anticipated new products to Touchless LendingTM, their widely-used digital lending platform and signature Fintech product brand. With these additions, Tavant further solidifies its status as the industry’s preferred mortgage automation partner by diversifying its AI-powered Lending-as-a-Service platform to include both Credit Analysis and Collateral Analysis – two separate product offerings newly available as part of Touchless Lending’s suite of products. This expansion marks a significant milestone for Tavant as the organization makes steps towards unifying all of its Fintech products under one overarching product brand, Touchless Lending, which now includes experiences not just for underwriters and processors but also for home buyers, loan officers, brokers, realtors, and more. 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. “With the launch of Credit and Collateral Analysis, which seamlessly complement our currently available products – Document, Income, Multi-Investor, and Decision Analysis – Tavant can achieve their goal of straight-through processing and fully automated underwriting sooner than expected,” said Mohammad Rashid, Head of Fintech Innovation at Tavant. “We pragmatically reduce the cost to process and underwrite by approximately $1000 per loan and achieve a scale of double-digit underwrites per day per underwriter. In addition, the flexibility to deploy any one of these products independently of the others, or deploy in a cohesive package for underwriting, significantly increases the platform’s ease of adoption.” Credit Analysis, now part of Touchless Lending, is a machine-based approach to underwriting the credit component of a mortgage application, which automates the review of credit reports for all borrowers on the application for a home loan. These reports include the following features: a review of (1) debts, liabilities, and credit utilization, (2) public records to identify issues pertaining to bankruptcy, foreclosure, judgment, liens, and fraud, (3) applicant personal data against the credit report for verification purposes, and lastly, (4) investor and lender-specific guidelines (both agency and non-QM), which automatically raises conditions as needed and subsequently reevaluates the primary loan ratios. Touchless Lending Credit Analysis can be performed in seconds, thereby alleviating time for underwriters to focus on other tasks and significantly reducing the overall cost and time required to underwrite and process a loan. Collateral Analysis, the second new addition to Tavant’s Touchless Lending platform, automates an underwriter’s manual, labor-intensive appraisal review process, allowing them to focus their attention on other pressing issues that require action. These features include the following: (1) GSE and private investor guideline checks, (2) validating appraisal information across the loan file, including title, sales contract, flood, homeowners’ insurance policies, etc., (3) home images and appraiser comment analysis using various AI/ML techniques, and (4) FEMA, USPS, and Flood Zone authentication. Eliminating manual review and data entry while identifying and escalating issues automatically allows for more accurate and faster decisioning and closing. Touchless Lending Collateral Analysis benefits every mortgage channel of business and goes far beyond industry standard appraisal review tools available today. 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 LendingTM product suite, which now includes Credit and Collateral Analysis, 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.
Tavant Announces Integration with Experian to Drive Mortgage Application Efficiency with Enhanced Instant Form Fill
SANTA CLARA, Calif., Oct. 20, 2022 SANTA CLARA, Calif., Oct. 20, 2022 – Tavant, a Silicon Valley-based provider of industry-leading digital lending solutions, and Experian, the world’s leading global information services company, are working together to minimize friction in the mortgage application process and improve the borrower’s loan application experience. By integrating Experian’s Enhanced Instant Form Fill for Mortgage with FinXperience and FinConnect, components of Tavant’s VΞLOX digital lending platform, lenders, with a consumer‘s permission, can automate data entry and prefill borrower information on the Uniform Residential Loan Application (URLA) – providing a more simple and seamless experience for borrowers and loan officers. Experian’s Enhanced Instant Form Fill empowers borrowers to permission access to their personal data, which is automatically added to their mortgage application. With increased automation, lenders can drive efficiency, reduce friction, and grow their business. Enhanced Instant Form Fill also leverages Experian’s fraud and identity solutions, Precise ID® and FraudNet, to authenticate borrowers and protect their information throughout the experience. “We’re excited to integrate with Tavant to help lenders streamline their mortgage application process,” said Susan Allen, Head of Product at Experian Mortgage. “By reducing manual data entry, lenders can modernize their borrower experience, increase pull-through and conversion rates, and improve data accuracy.” FinXperience, Tavant’s intuitive platform of point-of-sale experiences, and FinConnect, their intelligent lending data and enterprise mortgage services integration hub, are VΞLOX products and implementable across all lending channels, including retail, wholesale, and others. These integrations will allow lenders to increase automation, reduce manual data entry, and provide their borrowers with more elegant and comfortable user journeys. This will decrease their time to completion and improve the overall application conversion rate. “We at Tavant are committed to improving the consumer experience, and it is more important now than ever before for lenders to find ways to differentiate their offerings and drive efficiency,” said Sarvesh Mahesh, CEO of Tavant. “Tavant is the right partner to eliminate inefficient, highly manual, and extremely costly procedures, and start focusing on creating a frictionless customer journey and increasing application completion.” VΞLOX is an AI-powered digital lending product suite that delivers best-in-class lender and borrower experiences. It utilizes automation and straight-through processing to configure immersive lending journeys that accelerate loan manufacturing and improve loan quality. Tavant’s VΞLOX suite of products optimizes the back office, simplifies the middle office, and transforms the front-end consumer experience into an efficient digital data flow. Find Tavant on LinkedIn and Twitter About Experian Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime. We have 20,600 people operating across 43 countries and every day we’re investing in new technologies, talented people, and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index. Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group. Experian and the Experian trademarks used herein are trademarks or registered trademarks of Experian. Other product or company names mentioned herein are the property of their respective owners.
Tavant Ranks on the IDC FinTech Top 100 for the fourth consecutive year
SANTA CLARA, Calif., Sept. 13, 2022 SANTA CLARA, Calif., Sept. 13, 2022 – Tavant – Tavant, a Silicon Valley-based provider of industry-leading digital lending technologies, announced today that it has been named to the 2022 IDC FinTech Rankings, the financial industry’s most comprehensive vendor ranking, for the fourth year in a row. The IDC FinTech Ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software, and/or services in a Fortune 500-style ranking. 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 590 billion dollars by 2025. These rankings are an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players. Additionally, the IDC FinTech Rankings serve as a critical tool for financial institutions and companies to use during strategic planning and to review when considering new investments in third-party solutions. To thrive in a digital economy, financial services organizations must embrace innovation and integrate innovative technology effectively to enhance the customer experience and achieve operational excellence. Tavant and the vendors featured on the IDC FinTech Rankings represent those providers committed to helping financial institutions successfully execute their digital transformation initiatives for the betterment of their customers around the world. Hassan Rashid, CRO, Tavant, said, “At Tavant, we believe that our combination of deep industry knowledge and superior software and services are key enablers to driving innovation, and we are immensely proud to be recognized once again by IDC Financial Insights as a leading and trusted partner for our customers. This is the fourth year that Tavant has ranked on the prestigious IDC FinTech list, which reaffirms our strong commitment to serving the financial and mortgage industries using a data-driven approach to decision-making, cutting-edge technology, and unique expert insights to ensure our customers are equipped to compete and succeed in today’s rapidly evolving environment.” 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. Rapidly gaining market share, Tavant’s expanding customer base originates one out of every three mortgage loans in the United States. Tavant’s VΞLOX product suite, which now includes Touchless LendingTM, maximizes data-driven decision-making to solve even the most complex lender and borrower challenges. Find Tavant on LinkedIn and Twitter. Media Contact: Adrie Morales [email protected] 678-781-7227 ……………
American Financial Resources, Inc. Expands Partnership with Tavant, Adds Touchless Documents
SANTA CLARA, Calif., Aug 30, 2022 SANTA CLARA, Calif., Aug 30, 2022 – Tavant, a Silicon Valley-based provider of industry-leading digital lending solutions, and American Financial Resources, Inc. (AFR), a national mortgage lender, operating in the wholesale, correspondent, and retail origination channels, have partnered to enhance the lender’s digital mortgage experience, end-to-end. Leveraging Tavant’s Touchless LendingTM, AFR’s correspondent lenders, mortgage brokers, loan originators, and consumers will now be able to automate the traditionally cumbersome lending process, providing a more streamlined and seamless experience for all stakeholders. Tavant’s Touchless Documents instantly recognizes documents, automating document classification, indexing, splitting, categorization/subcategorization, pairing with borrowers, and data extraction with the highest accuracy. Additionally, the Touchless Lending platform integrates seamlessly with existing lender systems, including CRMs, Point-of-Sales, LOS, and document management systems, to optimize document-related workflows, organize and process documents faster, and deposit the results of the document classification and data extraction back into the system of record. “With the launch of FinDecision being so successful, adding Tavant’s Touchless Documents into the mix seemed like the logical next step,” said Scott Dubnoff, Chief Technology Officer at American Financial Resources, Inc. “And we were right. Their implementation was a smooth and painless process. It took about six weeks to integrate Tavant’s product into our systems fully. After one month of running Touchless Docs with real data, we determined their document classification accuracy greatly surpassed our expectations. We have only just started with this technology yet are already seeing returns in both labor efficiency and data accuracy. We have only scratched the surface with document classification and plan to expand to data extraction next. This opens even more possibilities for automation as we look to expand usage of the product to other areas of our process.” Before deploying Touchless Documents, processing broker-submitted loan documents was time-consuming and labor-intensive, requiring the utilization of a pool of human resources and turnaround times that could potentially be overnight. After implementing Tavant’s Touchless Documents, what used to take hours now takes minutes. Brokers can get immediate feedback on their file uploads and provide direct input to their borrowers on requested document uploads. After only one month of usage, Touchless Docs has processed close to 500 loans and over 90k pages of loan documentation with a document classification success rate of approximately 92%. “AFR and Tavant have aligned missions to make homeownership more accessible for all and to provide several offerings that can support underserved communities in the housing market,” said Hassan Rashid, Chief Revenue Officer at Tavant. “While lenders have had to undergo lengthy processes in the past manually, Tavant now introduces a machine-oriented approach that successfully increases workflow up to 80% by automating and regulating the processes of loan application and disbursal.” As the 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. American Financial Resources joins Tavant’s growing customer base, which originates one out of every three loans in the United States. Tavant’s VΞLOX product suite, which now includes Touchless LendingTM, maximizes data-driven decision-making to solve even the most complex lender and borrower challenges. About American Financial Resources, Inc. American Financial Resources, Inc. (AFR) offers a comprehensive array of residential mortgage products to meet various financing needs. AFR is a leading FHA 203(k) lender for sponsored originations and an innovator in construction and renovation lending. AFR utilizes the latest technology and delivers educational resources to correspondent lenders, mortgage brokers, loan originators, and consumers. American Financial Resources, Inc. is an Equal Housing Lender and Equal Opportunity Employer. Lender NMLS 2826 at www.nmlsconsumeraccess.org. For more information, visit www.afrcorp.com. Find Tavant on LinkedIn and Twitter. Media Contact: Adrie Morales [email protected] 678-781-7227
Arc Home LLC Selects Tavant to Launch Advanced Wholesale & Correspondent Lending Platforms
SANTA CLARA, Calif., Aug 23, 2022 SANTA CLARA, Calif., Aug 23, 2022 – Tavant, a Silicon Valley-based provider of industry-leading digital lending solutions, today announced that Arc Home LLC (Arc Home), a full-service residential lender and servicer, operating in the wholesale, correspondent, and retail origination channels, has chosen Tavant to accelerate their digital transformation strategy. A national lender and leader providing a full array of mortgage solutions, Arc Home places customer experience as its priority, and part of that experience is dependent on efficient processes. Brokers and correspondent lenders demand and deserve an excellent service experience and need partners that offer a complete array of loan products to satisfy the needs of the full spectrum of borrowers they serve. Arc Home plans to expand its lending business using FinXperience, Tavant’s intuitive platform of point-of-sale experiences. FinXperience, a VΞLOX product, implementable across all lending channels, including retail, wholesale, and correspondent, will empower Arc Home’s customers with seamless digital lending experiences and the tools they need to be self-sufficient. “Given Tavant’s depth of features, speed to market, and deep mortgage industry experience, Arc Home found Tavant’s VΞLOX solution to be the superior option. Enhancing the Arc Home Portal further supports our commitment to growing market share in our broker and correspondent channels,” said Katherine Gardner, Chief Production Officer of Arc Home. “Tavant stood out because of FinXperience Broker’s track record in assisting mortgage lenders to succeed in the Third-Party Origination space. With Tavant, we aim to continue Arc Home’s tradition of providing innovative financial products in the residential lending market with superior customer service.” Unlike others, Arc Home has a unique position of having a wide array of proprietary Non-QM and Non-Agency products. The Arc Access Non-QM line of products allows Arc Home to better and more responsibly serve customers’ needs by filling a market void where borrowers cannot obtain traditional agency loans. “Tavant is assisting Arc Home LLC with FinXperience, a component of the VΞLOX suite, which will provide a seamless digital lending process with improved loan fulfillment efficiencies to its growing network of brokers,” said Hassan Rashid, Chief Revenue Officer at Tavant. “Our goal has been to help our clients create value for their customers and partners (and Third-Party Originators) and implement growth strategies. In the current market situation, we are helping ARC Home provide non-QM loan products to the market through their Third-Party Originators, which streamlines application intake and submission, digitizes the loan file that optimizes loan fulfillment, and eventually helps ARC Home improve conversion, cut down on cycle times, and improve on their loan margins. VΞLOX delivers best-in-class lender and borrower experiences, and Tavant will continue to accelerate loan manufacturing and improve loan quality for mortgage lenders like Arc Home.” In addition to FinXperience Broker, Tavant will also launch FinXperience Correspondent, both Delegated and Non-Delegated, at Arc Home. 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. Arc Home LLC joins Tavant’s growing customer base, which originates one out of every three loans in the United States. Tavant’s VΞLOX product suite, which now includes Touchless LendingTM, maximizes data-driven decision-making to solve even the most complex lender and borrower challenges. About Arc Home LLC Arc Home is a full-service lender and servicer whose mission is to provide customers with a comprehensive array of mortgage solutions with an emphasis on specialty products. Placing customer service and satisfaction as the number one priority, Arc Home provides a top-tier staff of knowledgeable and friendly team members who excel at providing efficient, successful loan services with competitive pricing. Learn more at: https://business.archomellc.com/ Find Tavant on LinkedIn and Twitter.