Santa Clara, Calif. – August 30, 2017 – Tavant, America’s leading innovative mortgage technology provider, today announced that Newfi Lending (“Newfi”), a technology-enabled residential mortgage lender and Warburg Pincus portfolio company, has chosen the Tavant VΞLOX platform to help transform its mortgage process.
Founded in 2014 by Steve Abreu, Newfi is focused on leveraging service and technology to transform the way customers shop for and close a mortgage. In July 2017, Newfi announced that it had reached the $1 billion milestone in mortgage originations.
Tavant VΞLOX is the industry’s only digital platform that maximizes the use of data-driven processes in the automation of the loan origination lifecycle. It brings true digital disruption to the mortgage industry with a fluid omnichannel experience and high-velocity execution: from home discovery to loan funding. In the first phase, Newfi will deploy Tavant’s FinXperience and FinConnect products from the VΞLOX suite. FinXperience brings a best-in-class fully personalized user experience through any business channel while removing significant costs from the origination process. Several of the nation’s top lenders are deploying FinConnect and FinXperience for their consumer direct, retail, and TPO channels.
“Set in the heart of Silicon Valley, Newfi Lending is investing in innovative technology solutions to engineer amazing mortgage products. We are excited to be a part of that journey. This partnership will enable Newfi’s vision of providing a collaborative ecosystem for consumers, realtors, and mortgage brokers,” said Sarvesh Mahesh, CEO of Tavant.
“Tavant has deep mortgage industry experience and this partnership will help us provide enhanced service to our customers,” said Steve Abreu, CEO of Newfi. “As we build a premier lending platform that will uniquely drive diverse mortgage products across multiple business channels, Tavant’s VΞLOX suite of products will provide the flexibility, scale and a streamlined customer experience that is essential for our business.”
About Newfi Lending
Founded in 2014 by industry veterans, Newfi Lending is a national mortgage lender reshaping the borrowing experience through a combination of proprietary technology and product innovation. Newfi delivers a more efficient and transparent process resulting in lower costs and higher levels of customer satisfaction and trust. For more information, visit www.newfilending.com.
About Tavant Technologies
Headquartered in Santa Clara, California, Tavant Technologies is a digital solutions company that provides impactful results to its customers across North America, Europe, and Asia-Pacific. Founded in 2000, the company employs over 2500 people and is a recognized top employer. Tavant is creating an intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies and improving collaboration.
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Contact:
Vibhor Mishra
Tavant Technologies
T: +1 408-519-5400
