Tavant’s Digital Lending Business Reports Surge in Growth and Increased Adoption
SANTA CLARA, Calif., June 20, 2019 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, today announced it has achieved a company milestone reporting record growth of its lending business as momentum grows within the industry for digital technology. Rapidly gaining market share, Tavant’s expanding customer base originate one out of every four loans in the U.S. In response, the company appointed industry veteran, Prashant Kumar, to further drive and expand new business efforts. Sarvesh Mahesh, CEO of Tavant, said, “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 through consistently focusing on our people, the passion we bring to the partnerships and all-round excellence in everything we undertake. Our team’s in-depth knowledge, coupled with our suite of digital lending tools enables us to solve the day-to-day operational issues, as well as the more complex challenges facing today’s lender.” Building on the continued growth and momentum in the lending industry, Tavant is investing in continued innovation of Tavant VΞLOX, the company’s digital lending suite of products. This will ensure the products will continue to provide leading lenders with a solution that is flexible, able to scale and most importantly, provides a superior customer experience in a modern, digital environment. Mahesh, continued, “This further demonstrates our commitment to innovation and to providing our customers a competitive edge in an increasingly demanding market. While the term business partner is often overused, it remains an important guiding principle for our organization. We value collaboration and building long-term partnerships and as such, our customers view us as much more than technology providers, but rather an extension of their team, a trusted advisor. We’ve assembled a team of the lending industry’s best and brightest individuals and are pleased to welcome Prashant to our team. His unique industry experience will prove invaluable in leading this new endeavor.” Kumar brings more than 25 years of mortgage, auto lending and personal finance industry expertise to the position and is a proven leader in the financial services arena. In his role, Kumar oversees the management and growth of Tavant’s global consumer lending efforts, including North America, Europe and Asia-Pacific. Throughout his career, Kumar has consistently driven business growth while increasing profit margins, productivity, and quality. Find Tavant on LinkedIn and Twitter.
Tavant FinLeads Chosen By NewRez To Transform Lead Engagement
SANTA CLARA, Calif., April 4, 2019 Tavant, a leading digital products and solutions company for the lending industry, today announced that NewRez LLC (formerly known as New Penn Financial), a leading national mortgage lender, has successfully rolled out its new customer acquisition platform powered by FinLeads to boost its lead management process. The solution will enable NewRez to maximize lead potential and accelerate closures. FinLeads, a component of the Tavant VΞLOX suite, is a robust customer engagement and aggregation platform that leverages intelligent algorithms to automate, streamline, and personalize the ‘lead to loan’ journey. The product customizes the CRM platform’s out-of-box capabilities and provides a consolidated 360° view of the customer engagement journey and management of the journey across multiple channels. It helps businesses streamline funnel management and improve operational efficiencies. “FinLeads allows organizations to engage their prospective customers, enables data-driven decision making, and empowers them with complete control over the customer journey,” said Hassan Rashid, Tavant’s Chief Revenue Officer. “We look forward to our continued partnership with NewRez to optimize their sales and marketing funnel and increase ROI while helping them accelerate their digital journey.” “Lack of visibility into the sales pipeline, multiple lead providers, and disparate data sources constrain the organization. This has impacted our top line revenue and bottom-line operational productivity. We have increased our operational efficiencies and improved our loan officers’ productivity with Tavant FinLeads’ omnichannel customer engagement functionality coupled with powerful Salesforce capabilities. Onboarding to FinLeads has helped us gain an integrated view of pipelines across our office locations nationwide, enabling us to improve sales productivity and increase per LO application rate by 30% in the first three months,” said David Haggert, Chief Marketing Officer, NewRez. About NewRez LLC NewRez LLC (NewRez), formerly New Penn Financial, LLC, is a leading nationwide lender that focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into unparalleled customer experience. Founded in 2008 and licensed to lend in 49 states, NewRez is headquartered in Plymouth Meeting, Pennsylvania and operates multiple lending channels, including Wholesale, Correspondent Lending, Direct-to-Consumer, Retail, and a network of Joint Venture partners. NewRez is a Shellpoint Partners company and a member of the New Residential Investment Corp. family. More information is available at newrez.com. About Tavant VΞLOX Tavant VΞLOX is the industry’s leading AI-powered 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 simple omnichannel experience and high-velocity execution: from home discovery to home ownership. Find Tavant on LinkedIn and Twitter. Media Contacts: Vibhor Mishra Tavant 408.519.5400 | [email protected]
2019 HW Tech100 winner: Tavant
April 1, 2019 Tavant VELOX is an artificial intelligence-powered digital lending platform with intelligent automation, fulfillment efficiency improvement, and overall digital simplification. Tavant’s products are full life cycle digital lending solutions and drive collaboration among all key participants in the real estate acquisition and lending process. FinXperience is the flagship platform in the Tavant VELOX suite of products. The FinXperience platform provides a full digital loan process from lead F1management, electronic disclosures, detailed loan status, conditions management, document upload and comprehensive alerts/notifications across the lending value chain. Those using FinXperience saw a 60% growth in consumer engagement on the portal, with over 70% submitting their loans through the point of sale platform.
ServiceLink’s EXOS Technologies and Tavant Partner to Amplify Digital Strategy
PITTSBURGH, Pa, April 1, 2019 ServiceLink’s EXOS Technologies has partnered with Tavant, a leading digital products and solutions company. Tavant’s AI-powered digital lending platform – VΞLOX, which has processed more than four million digital mortgage transactions, is integrating with EXOS Title, EXOS Valuations and EXOS Close. EXOS offers unparalleled transparency into the mortgage origination process through a focus on critical digital consumer touchpoints. The integration of cutting-edge technology and self-serve capabilities has resulted in a reduction in title and appraisal turn times and an increase in operational efficiencies and consumer satisfaction. “EXOS is an industry utility that can be leveraged through multiple points within the loan manufacturing process,” said Kiran Vattem, Chief Digital and Technology Officer at ServiceLink. “We’re confident that EXOS will be a great addition to Tavant’s robust package of products.” Tavant, which provides solutions for every stakeholder in the lending life cycle, will use EXOS to support its first mortgage and home equity lines of business. Tavant VΞLOX is the industry’s leading AI-powered digital lending platform that maximizes the use of data-driven processes in the automation of the loan origination lifecycle. “This partnership rounds out our offerings. It brings together the greatest technologies the mortgage industry has to offer,” said Hassan Rashid, Chief Revenue Officer for Tavant. “Scheduling appraisals on the front-end makes it more easily accessible and we are eager to see the value that EXOS provides to that platform and the entire loan intake process.” About EXOS Technologies EXOS is the leader in providing cloud-based digital technologies to real estate lenders and servicers. EXOS Technologies transform consumers’ digital expectations around the mortgage experience through mobile apps, voice interaction, APIs, Predictive Analytics and AI. EXOS products include Title, Appraisal, Closing and Servicing – extending and enhancing critical consumer digital touchpoints throughout the entire mortgage lending life cycle. EXOS reduces cycle times, improves quality and enhances a lender’s relationship with their consumer. To learn more about EXOS, please visit https://www.meetexos.com/. Find Tavant on LinkedIn and Twitter.
Tavant Upgrades Integration with Optimal Blue’s Real-Time Scenario Pricing API to Significantly Enhance the Home Shopping Experience
SANTA CLARA, Calif., March 26, 2019 Tavant, a leading digital products and solutions company for the consumer lending industry, today announced the next level of integration between Tavant VΞLOX, its AI-powered digital lending platform, and Optimal Blue’s industry-leading product eligibility and pricing engine. The upgraded integration creates new efficiencies throughout the loan lifecycle and quickly converts leads into loans. The integration of VΞLOX with Optimal Blue’s real-time Scenario Pricing API provides immediate access to accurate and compliant product, eligibility, and pricing information at the point of sale — maximizing efficiency in the loan life cycle while minimizing the potential for error. Tavant VΞLOX brings a best-in-class, fully personalized user experience through any business channel while removing significant costs from the loan origination process. The platform facilitates a single, integrated, hierarchical view of the entire loan pipeline and provides lenders with the ability to drive the lending process seamlessly. Together, the companies provide loan originators the ability for multi-system product and pricing distribution to offer borrowers a more personalized and customized exchange. Additionally, the integration reduces the amount of manual intervention, raising process efficiency and data accuracy across the supported loan process. “We are delighted about our partnership with Optimal Blue. By leveraging Optimal Blue’s pricing and lock automation, Tavant has taken a major step towards eliminating traditional inefficiencies and advancing the industry’s digital mortgage agenda,” said Hassan Rashid, CRO, Tavant. “The real-time integration between Optimal Blue’s product eligibility and pricing engine and Tavant’s VΞLOX platform is a great example of how modern, yet disparate systems can interact as one and deliver better user experience and new efficiencies,” explained Bob Brandt, Vice President of Marketing and Alliances at Optimal Blue. “The partnership between our organizations will continue to grow and remain focused on creating a better loan process for our mutual clients.” About Tavant Headquartered in Santa Clara, California, Tavant is a digital products and platforms 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 AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies and improving collaboration. Find Tavant on LinkedIn and Twitter. About Optimal Blue Optimal Blue, a financial technology company, operates the nation’s largest Digital Mortgage Marketplace, connecting a network of originators and investors and facilitating a broad set of secondary market interactions. The company’s technology solutions include product eligibility and pricing, lock desk automation, risk management, loan trading, and data and analytics. More than $750 billion of transactions are processed each year across the Optimal Blue platform. For more information, visit www.optimalblue.com. Media Contacts: Tavant Vibhor Mishra Tavant 408.519.5400 | [email protected] OPTIMAL BLUE Robert BrandtVP, Marketing & Alliances (469) 609-5585 [email protected]
Tavant Announces Partnership with Ellie Mae and Integration of its POS with the Ellie Mae Digital Lending Platform
SANTA CLARA, Calif., March 8, 2019 Tavant, a leading digital products and solutions company for the lending industry, today announced a partnership with Ellie Mae® to drive quality and efficiency in the loan origination process and deliver a streamlined experience for consumers and lenders. The enhanced partnership includes the following elements: Tavant is a trusted Ellie Mae Integrated Partner that helps lenders accelerate the deployment, customization, and adoption of the Ellie Mae Digital Lending Platform and Encompass® FinXperience, the flagship product in the Tavant VΞLOX platform, is upgrading its existing integration to Encompass. FinXperience will leverage Partner Connect API technology to provide a secure, bi-directional integration that enables a truly digital experience and the ability to deliver personalized borrower journeys. It allows lenders to easily transfer information between the two systems while improving quality and process efficiency. “Tavant is delighted to build a wide-ranging partnership with Ellie Mae. Tavant’s unparalleled industry knowledge coupled with Ellie Mae’s powerful mortgage technology platform and implementation expertise will simplify the mortgage process for lenders. This partnership is helping us provide a comprehensive digital mortgage solution to our mutual customers,” said Mohammad Rashid, Tavant’s Head of Consumer Lending Practice. Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. The Encompass® digital mortgage solution provides one system of record to enable banks, credit unions, and mortgage lenders to originate more loans, reduce origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality, and efficiency. About Tavant Headquartered in Santa Clara, California, Tavant is a digital products and platforms 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 AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies and improving collaboration. Find Tavant on LinkedIn and Twitter. Media Contact: Vibhor Mishra Tavant 408.519.5400 | [email protected]
Tavant Invited to Speak at LendingUP Conference in Prague
Tavant announces being invited to speak at the LendingUp conference organized in Prague, 7-8 March 2019. Mohammad Rashid to deliver a session there.
Tavant’s Thought Leadership at the Australian Mortgage Innovation Summit
SANTA CLARA, Calif., February 22, 2019 Tavant, a leading digital products and solutions company for the consumer lending industry, today announced that it has been invited to speak at the tenth annual Australian Mortgage Innovation Summit, February 27 – 28, 2019, Sydney. Tavant will showcase its disruptive digital lending solutions that will redefine customer experiences. Tavant will provide an exclusive preview of its AI-powered digital lending platform, TAVANT VΞLOX. VΞLOX brings a best-in-class fully personalized and device-agnostic user experience while reducing significant costs in the origination process. This AI-powered digital lending platform provides a single, integrated, hierarchy-based view of the entire pipeline and provides lenders with the ability to drive the lending transaction seamlessly. Sarvesh Mahesh, CEO, Tavant will be a panelist at the session titled ‘Emerging technologies: What do they mean for the mortgage industry?’ on February 28 at 10:10 a.m. “Changing customer behavior and advanced data and insights are transforming the lending industry. Organizations need to leverage digitization and analytics to provide superior customer experiences – giving customers what they exactly want, when and where at an attractive and profitable price,” said Vibhor Mishra, Tavant’s head of marketing. “Our mortgage solution leverages the power of predictive analytics and retention intelligence to increase efficiency, maximize customer retention while consistently decreasing churn and improving the bottom line,” Mishra substantiated. Call 1300 137 439 (Toll-free) or email [email protected] to schedule a meeting with our experts. About Tavant Headquartered in Santa Clara, California, Tavant Technologies is a digital products and platforms 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 AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies and improving collaboration. Find Tavant on LinkedIn and Twitter. Media Contacts: Vibhor Mishra Tavant 408.519.5400 | [email protected]
Docutech and Tavant Announce Integration for Digitally-Focused Loan Origination Process
SCOTTSDALE, AZ, December 12, 2018 Docutech, the leading provider of document, eSign, eClose, and print fulfillment technology, today announced its collaboration with Tavant, the leading digital mortgage products and platforms company to provide lenders and borrowers with a more efficient and digitized mortgage origination experience. Docutech’s ConformX dynamic document generation engine and Solex eDelivery and eSignature technology will be integrated into Tavant VΞLOX digital lending platform enabling a more modern, digital mortgage experience. Through this integration with FinConnect, a component of VΞLOX, lenders can seamlessly select Docutech as their document provider for a streamlined document integration process. Likewise, borrowers will be able to electronically receive and sign disclosures anytime on any device though Solex by way of Tavant’s consumer direct portal – FinXperience Consumer. According to results published in the J.D. Power 2018 U.S. Primary Mortgage Origination Satisfaction Study, customer satisfaction with primary mortgage originators is up 10 points (on a 1,000-point scale) in 2018. This is driven in part by increased customer utilization of digital and mobile channels. The integration of Docutech and Tavant optimizes the way in which customers can quickly and easily receive, review, and sign initial disclosures and supporting documents in the mortgage origination process. “We are excited to partner with Docutech to provide a seamless, touchless and transparent experience for borrowers and mortgage lenders,” said Sarvesh Mahesh, CEO of Tavant. “This integration will digitally enhance overall customer experience.” Tavant VΞLOX is the industry’s leading AI-powered digital lending platform that maximizes the use of data-driven processes in the automation of the loan origination life cycle. Its components include FinConnect, a mortgage data and services hub that connects the internal and external systems of the mortgage network. “As the drive for a full end-to-end electronic mortgage process continues, Docutech remains dedicated to providing innovative solutions designed to optimize the mortgage experience for both lenders and borrowers,” said Amy Brandt, president and CEO of Docutech. “By integrating with Tavant, we further emphasize this focus on not only enhancing the work of our customers but also the mortgage industry as a whole. Steps like these will assist in the more widespread adoption of a universal digital mortgage process rooted in transparency, efficiency and accuracy.” About Tavant VΞLOX Tavant VΞLOX is the industry’s leading AI 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 an immersive omnichannel experience and high-velocity execution: from loan discovery to loan funding to loan servicing. Find Tavant on LinkedIn and Twitter. About Docutech Docutech offers a wide range of document technology solutions for mortgage, home equity, and consumer lending from document generation to eDelivery, eSign, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Docutech’s knowledge and solutions empower lending professionals to efficiently produce accurate loan packages in all 50 states to ensure compliance with constantly changing laws and regulations. For more information, visit the company’s website at www.docutech.com or follow them on social media at LinkedIn or Twitter @Docutech. MEDIA CONTACT: Stephen Sprayberry For Docutech 678.781.7207 [email protected] MEDIA CONTACT: Vibhor Mishra Tavant 408.519.5400 | [email protected]
Tavant VΞLOX Expands Product Line for the Lending Industry’s Home Equity Line of Business
SANTA CLARA, Calif., December 6, 2018 Tavant, a leading digital products, and solutions company for the consumer lending industry, today announced that it has expanded its VΞLOX platform for the lending industry’s home equity line of business. “Borrowers are increasingly tapping into home equity, and the number of consumers taking out HELOCs or home equity installment loans is significantly rising. It reaffirms our mission to expand VΞLOX to include this rapidly growing market by combining our industry expertise with deep technical capabilities. The Tavant VΞLOX suite of products for home equities enables a seamless channel, device, and interaction-agnostic experience across the loan application process that creates a positive customer journey,” said Hassan Rashid, CRO of Tavant. VΞLOX is the leading AI-powered digital lending platform that is data-driven and drives excellence in the customer experience through streamlined business processes with intelligent automation, improved fulfillment efficiency, and overall digital simplification. FinXperience is the flagship product in the Tavant VΞLOX suite of products. It not only features a direct to consumer interaction and engagement between lenders and their customers but allows for co-browsing with brokers and loan officers. Multiple journeys provide a personalized and seamless experience for the home equity application process for all users in the complete loan lifecycle. “Our goal is to provide a simple and frictionless experience to consumers when they are tapping into their home equity. This not only increases business opportunities for our lenders but also improves the consumer experience. We are very excited to leverage our heuristics research, deep industry knowledge and engineering expertise to disrupt the home equity market,” observed Mohammad Rashid, Tavant’s VP and Head of Consumer Lending. About Tavant VΞLOX Tavant VΞLOX is the industry’s leading AI-powered digital lending 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 an immersive omnichannel experience and high-velocity execution: from loan discovery to loan funding to loan servicing. Find Tavant on LinkedIn and Twitter. Media Contact Vibhor Mishra Tavant +1-408-519-5400 [email protected]