Caliber Home Loans Partners with Tavant on Implementing Digital Software Factory to Accelerate Digital Transformation
SANTA CLARA, Calif., Sep 15, 2020 Caliber Home Loans Inc. (“Caliber”), one of the largest non-bank lenders in the nation and Tavant, a Silicon Valley-based digital lending products and solutions company, today announced that Caliber has adopted a dedicated software factory delivery methodology to leapfrog its digital transformation journey. Powered by Tavant, the Digital Software Factory (“Digital Factory”) is an execution framework that leverages institutional knowledge and an optimized resource structure and metrics, resulting in a transparent, scalable, and streamlined process. The result is better data-based decisions that will accelerate the Caliber’s transformation execution plan. “We are delighted to be leveraging Tavant’s domain experience and understanding of our technology landscape. We’ve adopted a digital software factory approach to decrease the time to market, giving us the ability to simultaneously launch initiatives in real-time, and ensuring Caliber delivers a seamless customer experience,” said Renee Galitis, CIO, Caliber Home Loans. Caliber’s dedicated Digital Factory consists of a specialized team of factory managers, product owners, and full-stack developers tasked with developing fast-to-market products that comprise new digital features, process automation, and enhancements aligned with Caliber’s digital transformation goals. Tavant’s Senior Vice President, Prashant Kumar, said, “Implementing a Digital Factory for Caliber will significantly accelerate its digital transformation journey. It is more nimble and agile, allowing Caliber to respond to shifting market requirements quickly, and we are excited to be embarking on this relationship with Caliber.” Find Tavant on LinkedIn and Twitter. About Caliber Caliber Home Loans, Inc. is a privately-held financial services company with headquarters in Coppell, TX. The company is an approved Seller/Servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae and is an approved servicer for FHA, VA and the USDA. The company carries multiple servicer ratings from Standard & Poor’s, Moody’s, Fitch and DBRS. To learn more about Caliber, visit www.caliberhomeloans.com.
Tavant Unveils Stellar Lineup for T5 Virtual Conference
SANTA CLARA, Calif., Aug 25, 2020 What: Tavant, the leading Silicon Valley-based provider of AI-powered digital lending technologies, is hosting T5, a virtual digital technology conference focusing on Tech, Trends, Transformation and Thinking (AI). Industry leaders from Wells Fargo, Fannie Mae, Caliber Home Loans, realtor.com, Genesis Financial Solution, Citizens Bank and MGIC will share the latest insights on how AI and ML will bring efficiencies and speed throughout the life cycle of the loan process, how homebuying will be in 2020 and how automation and digitization will accelerate the mortgage process. The live-streamed event will include informative keynote presentations, interactive sessions, fireside chats, live product demonstrations, start-up spotlights and more. Who: Henry Cason, SVP, Head of Digital Products at Fannie Mae Hassan Rashid, Chief Revenue Officer at Tavant Brad Sivert, Head of Proptech at Tavant Jon Gibson, VP of Product Management at realtor.com Gary Johnson, Senior Director of MiLo Labs at MGIC Nate Longfellow, Head of Digital, Product Strategy and Change Delivery – Home Lending at Wells Fargo Gregory Chi, CIO at Genesis Financial Solutions Dino Lack, Chief Product Officer at Caliber Home Loans Sonu Mittal, EVP, Head of Mortgage – Retail at Citizens Bank Abhinav Asthana, Head of Product at Tavant Debi Roy, Sr Director, Fintech at Tavant When: Wed, Aug 26, 2020, from 10:00 a.m. PT, click here to register. Details: For more information, including the detailed agenda and all keynote speakers, visit the event page. Contact: To request an interview, contact Anna Stanley at [email protected], 251.517.7857 Find Tavant on LinkedIn and Twitter.
American Pacific Mortgage Leverages Tavant’s FinXperience Platform to Launch Specialized Mortgage Channel
SANTA CLARA, Calif., August 11, 2020 Tavant, a Silicon Valley-based digital lending products and solutions company, today announced American Pacific Mortgage deployed its FinXperience platform to launch a new Specialized lending channel. With Tavant’s FinXperience platform, the lender is able to provide its growing network of customers a seamless digital lending process with improved loan fulfillment efficiencies, a faster speed-to-market, enhanced communication capabilities, streamlined experience, and significantly lower costs per loan. Tavant’s FinXperience Platform is powered by VΞLOX, an AI-powered lending platform, and brings loan originators and investors together, providing real-time data exchange and data-driven processes to ensure a more fluid experience for brokers, boosting productivity and reducing loan cycle times. “Tavant was the best provider that could meet all of our technology needs and requirements, and also meet our aggressive go-live date,” said Keith Becher, chief operating officer for American Pacific Mortgage. “With Tavant’s FinXperience Platform, we successfully launched a new channel in less than ten weeks. Tavant is truly an extension of our team, and together we continue to advance our digital lending capabilities, transforming the home loan process.” Tavant’s FinXperience Platform brings loan originators and investors together, enabling customers to work as a team with lenders, expediting processing and approval while ensuring compliance with regulatory requirements. This provides lenders like American Pacific faster, smoother process for their customers, which allows them to get more done in less time. “We were able to leverage our previous experience and success in the market to help American Pacific achieve its goals of not only adding a new channel, but also meeting a very quick timeline,” said Hassan Rashid, Tavant’s CRO. “I am proud to partner with such a forward-thinking lender like American Pacific that remains committed to excellence and leveraging technology in an innovative manner to enhance its overall process, even during these trying times.” Rapidly gaining market share, Tavant’s expanding customer base originates one out of every four loans in the United States. Tavant’s VΞLOX suite of products optimizes the back-office, simplifies mid-office, and transforms the front-end consumer experience into an efficient digital data flow. Find Tavant on LinkedIn and Twitter. About American Pacific Mortgage Headquartered in Roseville, California, American Pacific Mortgage (APM) is an industry leading independent mortgage banker currently licensed in 49 states with over 2,800 employees. APM is driven to make its branch managers and producers look good by providing everything they need to create experiences that matter for the consumer. APM’s solutions-first mindset and collaborative spirit have contributed to being voted one of the best places to work year over year, and more than 50,000 5-star reviews from customers. Find APM at apmortgage.com, Facebook and LinkedIn.
Genesis Financial Solutions Partners with Tavant for Enterprise-wide Digital Transformation
SANTA CLARA, Calif., August 5, 2020 Tavant, a Silicon Valley-based digital lending solutions leader, today announced it has partnered with Genesis Financial Solutions® (Genesis), the nation’s largest provider of private-label credit programs for non-prime consumers. This enterprise-wide digital transformation will introduce new mobile and portal customer experiences, streamline operations and provide a more agile, scalable core platform to support the company’s recent and projected future growth. To support the company’s continued rapid growth Genesis has engaged Tavant to develop and deploy a customized, digital infrastructure that will provide the speed and agility required to be successful in the high-growth markets in which they operate. The transformation will provide Genesis the tools needed to quickly create and adjust risk models, enhance the overall experience delivered to customer care specialists, and enable immediate access to critical data by all business units across the enterprise. Gregory Chi, Chief Information Officer, Genesis Financial Solutions, said “Genesis has recalibrated its business in response to the recent shifts in today’s environment. To continue our success in developing omnichannel financing solutions with agile and new age technology, we have embarked on an enterprise-wide digital transformation. Tavant’s domain expertise, proven success in the financial services industry, and its ability to scale and accelerate the digital lending process were defining differentiators that influenced the company’s decision for a trusted partnership.” “Tavant is recognized within the financial services industry as the premier provider of digital transformation services,”said Prashant Kumar, Senior Vice President at Tavant. “Being selected by Genesis Financial Solutions for such an ambitious and complex intiative further validates our position as the leader in this space. We truly view our team as an extension of the Genesis team and are equally committed to their success and working together, we are able to achieve both their short-term and long-term business goals. Genesis is well established as the leader in the second-look financing market, and part of its success is attributed to its ongoing commitment to excellence and leveraging technology in an innovative manner. We are proud of the initial success we’ve achieved together and look forward to working with the Genesis Financial Solutions team well into the future.” Find Tavant on LinkedIn and Twitter. About Genesis Financial Solutions Genesis Financial Solutions, Inc. is the leading provider of near-prime consumer financing through general purpose & private label credit card solutions. Their innovative card programs offer consumers turned down by a prime lender a second chance to access financing with simple terms, competitive rates, and excellent customer service. Genesis Financial Solutions also partners with leading retailers in each of the key industries they serve including furniture, home improvement, jewelry, eCommerce, and more. Additional information may be found at www.genesis-fs.com | LinkedIn: www.linkedin.com/company/genesis-financial-solutions/
Tavant Introduces Digital Software Factory and Expands into New Business Lines
Tavant Recognized as a Leader in the IDC MarketScape for Manufacturing Warranty and Service Contract Management Applications
SANTA CLARA, Calif., June 11, 2020 Tavant, a leading digital products and solutions company, today announced that it has been named a leader in the IDC MarketScape: Worldwide Manufacturing Warranty and Service Contract Management Applications in 2019/2020 Vendor Assessment (doc #US44408619, December 2019). This study assesses the capability and business strategy of technology vendors in the warranty and service contract management market. The leadership position of Tavant is differentiated by strong industry knowledge, breadth of advanced product capabilities, and how well Tavant’s future strategy aligns with the manufacturing industry. The assessment identified Tavant’s key strengths, including: Strong domain expertise and advanced capabilities in the end-to-end warranty management process A roadmap of warranty management to enable manufacturers with the future of warranty – customer-first and connected world A product that is modular, deployed across diverse manufacturing industries and is available on premise or on the cloud Use of AI (Artificial Intelligence) and IoT (Internet of Things) and other innovative technologies “Manufacturers should consider Tavant when they are looking to partner with a warranty-focused provider that can deliver advanced capabilities across the end-to-end warranty set of processes, “said Aly Pinder, Analyst, IDC. “As manufacturers look to leverage the IoT and AI, among other innovative technologies, they will need partners like Tavant that can incorporate this rich real-time data into the warranty process.” Tavant offers a wide range of products and services that help manufacturers achieve operational efficiency and revenue growth. The integrated suite of capabilities across warranty management, channel management, field service management, and B2B commerce is helping organizations achieve service excellence by optimizing customer data and interactions. “We are delighted that the IDC MarketScape has validated our position as a leader in the manufacturing market. We firmly believe that this recognition is a testament to our exceptional customer-focused approach, strong warranty management expertise, and digital capabilities that deliver tangible value to our global customers. We are committed to helping manufacturers achieve maximum business value with connected customer experiences,” said Roshan Pinto, Head of Manufacturing, Tavant. “AI is now an indispensable tool for enabling better user experience, efficiency, and smart business decisions. At Tavant, it is the core to our way of thinking about building differentiated products and solutions,” substantiated Pinto. Download IDC MarketScape: Worldwide Manufacturing Warranty and Service Contract Management Applications 2019 Vendor Assessment – Tavant About Tavant Warranty Tavant Warranty is an industry-leading web-based, full-lifecycle warranty management solution that brings together OEMs, suppliers, and service channel partners in a real-time collaborative environment. Tavant warranty solution has evolved over 20 years of experience working with leading customers to develop and implement enterprise-class warranty claim solutions. Tavant Warranty helps reduce warranty spend, increase supplier recovery, reduce claim processing, and consolidate fragmented warranty data to improve forecasts. Find Tavant on LinkedIn and Twitter. About IDC MarketScape IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
Tavant’s Retention Intelligence Named Stevie® Award Winner in the AI/ML Category of the 2020 American Business Awards®
SANTA CLARA, Calif., June 03, 2020 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, announced today its Retention Intelligence, part of Tavant’s VELOX platform, was named the winner of a Stevie® Award in The 18th Annual American Business Awards® in the Business Technology category for Artificial Intelligence/Machine Learning solutions. The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. “We are honored to receive the renowned Stevie Award and to be recognized by such a prestigious organization,” said Manish Arya, CTO Tavant. “This award is a testament to Tavant’s ongoing commitment with AI/ML to empower our customers with innovative tools and intelligent insight needed to succeed in today’s increasingly demanding market. Tavant’s vision from day one has been focused on providing unparalleled solutions to meet the business goals of our customers. I am extremely proud of the tireless efforts put forth by our team to ensure we never settle for the status quo, but instead remain focused on providing new and innovative technology solutions to address the most complex challenges facing our customers.” More than 3,600 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Startup of the Year, Executive of the Year, Best New Product or Service of the Year, Marketing Campaign of the Year, Live Event of the Year, and App of the Year, among others.Tavant was nominated and won in the Business Technology category for Artificial Intelligence/ Machine Learning solutions. Tavant’s Retention Intelligence platform leverages holistic customer information, enabling lenders and servicers to identify the refinance opportunities within portfolios to maximize retention and upselling. More than 200 loan attributes across 10 million records are used to train the models. Additionally, the product allows lenders and servicers to predict and manage portfolio churn and focus on customer retention strategies. The model is three times more accurate when compared to other methods used to analyze a portfolio of 1.5 million loans that churns at 15% annually. By leveraging Tavant’s Retention Intelligence, lenders can see 50% lower retention costs as compared to traditional retention models. More than 230 professionals worldwide participated in the judging process to select this year’s Stevie Award winners. “Despite the toughest business conditions in memory, American organizations continue to demonstrate their commitment to innovation, creativity, and bottom-line results,” said Stevie Awards president Maggie Gallagher. “This year’s Stevie-winning nominations are full of inspiring stories of persistence, ingenuity, resourcefulness, and compassion. We celebrate all of their stories and look forward to showcasing them during our virtual awards ceremony on August 5.” Details about The American Business Awards and the list of 2020 Stevie winners are available at www.StevieAwards.com/ABA. Find Tavant on LinkedIn and Twitter. About the Stevie Awards Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com. Sponsors of The 2020 American Business Awards include John Hancock Financial Services, Melissa Sones Consulting, and SoftPr
Tavant Launches Inaugural Virtual Fintech Summit
SANTA CLARA, Calif., May 19, 2020 Tavant, the leading Silicon Valley-based provider of AI-powered digital lending technologies, announced today its inaugural virtual digital lending summit, called T4, focusing on Tech, Trend & Transformation in these Times. Industry leaders will share the latest innovations and insights, success stories, and trends during this three-hour event. The live-streamed event will include informative keynote presentations, interactive sessions, fireside chats, live product demonstrations, start-up spotlights, as well as a virtual roundtable. Presenters include: Barry Libenson, Global CIO of Experian Susan McHan, President of Retail Mortgage, Flagstar Bank Liz Short, VP of Technology, Fairway Independent Mortgage David Stevens, Former US Asst. Secretary of Housing & Lending Guru Peter Sisson – CEO of Yaza Sarvesh Mahesh, CEO of Tavant T4 host and Tavant’s Head of Proptech Brad Sivert explains, “We want to carry on the spirit of in-person events by bringing together a panel of expert speakers and engaging content to create an impactful virtual event. I am excited to be hosting this virtual digital lending summit that focuses on accelerating fintech growth in new times.” The virtual event will be held on Thursday, May 21, 2020, from 11:00 a.m. to 2 p.m. PDT. Limited seats are available. Click here to register. Find Tavant on LinkedIn and Twitter.
Tavant Launches AI-Powered Instant Refi Advisor
SANTA CLARA, Calif., May 14, 2020 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, announced today that it has launched its Instant Refi Advisor (IRA) product to assist lenders who are facing an increased volume of refinance applications. IRA is a plug-in for mortgage lenders and is powered by Tavant’s FinConnect platform, an intelligent lending data, and enterprise mortgage services integration hub. The product was featured during HousingWire’s Mortgage Tech Demo, click here to watch the video demonstration. Through IRA, lenders can ease the load of their refinance applications by allowing borrowers to see what they qualify for based on their current situation as well as view pricing fees and the best rates available. Instead of calling lenders and discussing product offerings, borrowers have the ability to adjust rates and monthly payments themselves on IRA to understand what their goals are. Additionally, IRA allows lenders to offer personalized products that customers can apply and qualify for, streamlining the overall refinance application process. “Lenders have seen an amplified number of refinance applications in the past couple of months that they are unable to maintain,” said Abhinav Asthana, Head of Product at Tavant. “With our new Instant Refi Advisor, borrowers can easily view what products they could qualify for to lower their monthly payments, lower their interest rates and maximize their cash-out. Offering this modern technology solution saves the lender a significant amount of time as they can focus on seamlessly pushing through qualifying requests instead of fielding a large volume of calls.” Once a borrower completes their inquiry through the Instant Refi Advisor, lenders receive the information through their CRM system allowing them to have full context on a borrower’s goals when they reach out to complete the transaction. IRA can be plugged into any point of sale systems and can be integrated with a variety of core banking systems to customize product offerings and prep-populate any customer information and data that is required to complete the application. It also comes pre-built for mortgage lenders and has pricing integration, identity verification, credit servicing and CRM integrations available. “Everything we do at Tavant is centered around the customer experience,” said Hassan Rashid, Tavant’s CRO. “By giving the customer details on their refinance upfront and completely on their own, lenders are providing the right kind of personalized advice and insight into a borrower’s refinance, without making them wait to talk to someone. This transforms the end-user experience and streamlines the refi process, meeting customer demand even during this time of high volume while further building customer loyalty.” The IRA tool is configurable and allows lenders to adjust the color, presentation and the details of the borrower inquiry. It can also be hosted on a lender’s landing page or used as a widget, without having to subscribe to Tavant’s suite of products. 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 Launches FinDecision for the Ellie Mae Digital Lending Platform