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’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
Tavant FinXperience Powers DRIVER – Fairway Wholesale Lending’s Digital Mortgage Platform
SANTA CLARA, Calif., Apr 29, 2020 Tavant, a Silicon Valley-based digital lending products and solutions company, today announced its long-time customer, Fairway Independent Mortgage Corporation, has expanded its digital mortgage platform. Fairway has deployed Tavant’s FinXperience Broker to provide its growing network of brokers a seamless digital lending process with improved loan fulfillment efficiencies, faster speed-to-market, enhanced communication capabilities, streamlined experience, and significantly lower costs per loan. Powered by VΞLOX, Tavant’s AI-powered lending platform, Fairway’s digital mortgage platform ‘DRIVER’ is leveraged by more than 3,000 mortgage brokers across 500 brokerage firms nationwide. “Tavant is truly an extension of our team, and together we continue to advance our digital lending capabilities, transforming the home loan process,” said Randy Allen, CIO, Fairway. “These latest enhancements provide mortgage brokers with the tools needed to more effectively manage the entire loan pipeline. Real-time data exchange and data-driven processes ensure a more fluid experience for our brokers, boosting productivity and reducing loan cycle times.” Tavant’s FinXperience Broker brings loan originators and investors together, enabling wholesale brokers to work as a team with lenders, expediting processing and approval while ensuring compliance with regulatory requirements. This gives Fairway “a faster, smoother process for their brokers, which allows them to get more done in less time. Working with Tavant has given Fairway the agility to bring about changes quickly as we storm ahead in these challenging times,” said Liz Short, Product Owner of DRIVER at Fairway. In addition to FinXperience Broker, Fairway is leveraging FinConnect, a component of Tavant VΞLOX that enables digital mortgage transactions. FinConnect is an enterprise service hub for the financial services industry and an intelligent lending data and services network that integrates with more than 130 ecosystem partners. “Fairway is one of the pioneers in the digital lending market,” said Hassan Rashid, CRO, Tavant. “Part of its success can be attributed to its ongoing commitment to excellence and leveraging technology in an innovative manner to enhance the overall lending process. Our VΞLOX platform will enable Fairway to grow with changing consumer and broker behavior and further improve the digital home buying experience, while helping brokers reduce turn times for closing a loan.” 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 Fairway Independent Mortgage Corporation Founded in 1996 by Steve Jacobson, and named by a childhood best friend, colleague and forever member of the Fairway family, Randy Cross, Fairway Independent Mortgage Corporation is a mortgage lender headquartered in Madison, Wisconsin and Carrollton, Texas. The company has more than 500 locations and over 6,900 employees nationwide. At Fairway, customer service is a way of life. Not only are we dedicated to finding great loan products and rates for our customers, we also offer some of the fastest turn times in the industry. Our goal is to act as a trusted advisor, providing highly personalized service and helping clients through every step of the loan process. It’s all designed to exceed expectations, guarantee satisfaction and earn trust. For more information, please visit our website at www.FairwayIndependentMC.com.
Tavant’s FinConnect Platform Surpasses 10 Million Digital Mortgage Transactions
SANTA CLARA, Calif., April 21, 2020 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, today announced its FinConnect platform, an intelligent lending data, and enterprise mortgage services integration hub, successfully processed more than 10 million digital mortgage transactions in the past 12 months. Additionally, in March 2020, FinConnect processed more than 1.5 million transactions, representing a 71% increase from the previous month, further demonstrating the platform’s ability to scale and adapt to rapidly changing market conditions. FinConnect is a component of Tavant’s AI-powered digital lending suite of products, VΞLOX, that seamlessly connects the internal and external systems of the mortgage ecosystem, enabling an end-to-end, seamless digital mortgage experience. Tavant’s Chief Revenue Officer, Hassan Rashid said, “We continue to see volumes spike across retail, wholesale and direct to consumer lending channels. In March, the changing market conditions, low- interest rates, and high refinance volumes yielded a massive spike in transaction volume, further highlighting the resilience of FinConnect and its proven ability to provide a seamless experience.” FinConnect simplifies the lending experience, providing lenders plug-and-play access to 130 connectors from more than 60 service providers, including various product types such as identity, credit, income, asset, tax transcripts, AUS, appraisal, closing costs and fees, flood, product & pricing engine, compliance, title insurance, mortgage insurance and Fannie Mae Day 1 Certainty™ designated vendors. FinConnect supplies on-demand data directly from the information source, enabling a simple end-to-end digital mortgage experience for the borrower. Rashid continued, “This achievement represents Tavant’s ongoing commitment to provide proven, modern technology tools that address the lenders’ top challenges and disrupt the cumbersome, often crippling mortgage processes and procedures. FinConnect is a game-changer for lenders, enabling them to provide their borrowers with a superior, personalized digital experience from home discovery to loan funding.” 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. About Tavant VΞLOX Tavant VΞLOX is the industry’s leading AI-powered digital suite of products that maximizes the use of data-driven processes in the automation of the loan origination lifecycle. It brings true digital disruption to the mortgage industry with an immersive omnichannel experience and high-velocity execution: from home discovery to loan funding. Find Tavant on LinkedIn and Twitter.
Tavant Launches Turnkey Platform to Accept and Process SBA Paycheck Protection Program Loans
Tavant Named to HousingWire TECH100
Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, announced today it has been named to the prestigious HousingWire 2020 HW TECH100™ listing of the most innovative mortgage technology companies in the U.S. housing industry. The company was also on the HW Tech100 honoree list in 2019. Tavant has been recognized for its artificial intelligence and machine learning (AI/ML) based offering, Tavant Retention Intelligence solution, that leverages holistic customer information, enabling lenders 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 the Tavant Retention Intelligence solution, lenders have reported 50% lower retention costs as compared to traditional retention models. “HousingWire’s motto for 2020 is growth through focus. With that lens, the Tech100 program underwent mitosis and emerged as two highly focused awards — Tech100 Real Estate and Tech100 Mortgage. While collaboration between real estate and mortgage professionals has never been higher, the tools and solutions that empower these professionals to excel are often entirely different,” said HousingWire CEO, Clayton Collins. “The winners of the 2020 HousingWire Tech100 Mortgage and Real Estate awards are truly the most impactful and innovative companies in housing. Not only do these companies empower their clients and users, but they are also supporting a more efficient, accessible and sustainable housing economy.” “We are honored to be included in this prestigious listing for the third time,” said Hassan Rashid, CRO, Tavant. “This recognition is a testament to our ongoing commitment to innovation and providing our customers with a competitive edge in an increasingly demanding market. Tavant’s vision from day one has been focused on providing unparalleled solutions to meet the business goals of our customers. We have achieved this by consistently focusing on our people, the passion we bring to partnerships, and the all-round excellence in everything we undertake.” Find Tavant on LinkedIn and Twitter.