Software Income

Tavant Launches Disruptive New Platform – Touchless Lending ™

SANTA CLARA, Calif .– (COMMERCIAL THREAD) – Tavant, Silicon Valley’s leading digital lending solutions provider, today announced the availability of its new Touchless Lending ™ platform. This AI-powered loan-as-a-service platform maximizes the use of data-driven processes to deliver an end-to-end loan manufacturing experience. Touchless Lending’s first product line focuses on mortgages and is designed to address key issues in the mortgage industry. By reducing long creation cycles and eliminating unnecessary touchpoints, contactless lending allows lenders to issue more mortgages faster, while reducing costs.

Over the past year, changes in behavior patterns have shifted much of the home buying process towards online interactions. It is now more crucial than ever that mortgage lenders consistently deliver seamless digital experiences – to stay both ahead of the competition and in step with ever-increasing borrower expectations. Contactless lending offers exactly what borrowers need, and more, by enabling faster electronic closing and open channels of communication between points of contact. Loan officers, processors and underwriters can use Touchless Lending’s optimized workflows to interact with data and make decisions faster, instead of relying on physical documentation and manual data entry. The contactless lending platform integrates effortlessly with existing core systems, including LOS, and efficiently automates mortgage production.

Sarvesh Mahesh, CEO of Tavant, said: “Today more than ever, businesses crave more reliable data. They want to make better decisions and automate routine processes to become more efficient, reduce errors, and lower costs. Data is the key to making it happen, and contactless lending is the tool lenders need to get the most out of their data.

“The mortgage industry is still not meeting borrowers’ expectations,” added Mohammad Rashid, head of Tavant’s FinTech practice. “On average, mortgages take 51 days to close, which is unacceptably slow in our on-demand world. Underwriters and processors do not have the tools they need to do the job effectively and efficiently. Contactless lending focuses on those neglected middle and back office associates, now enabling them to make a clear decision to close in as little as five days, handle five times as many mortgages at once, and cut costs. processing and underwriting more than 75% by mortgage.

Rapidly gaining market share, Tavant’s expanding customer base accounts for one in four mortgage loans in the United States. As a leading provider of Fintech software and solutions for over 20 years, Tavant proactively anticipates customer needs and adapts accordingly to deliver the right cutting edge solutions. Tavant’s new contactless lending platform is an exciting addition to its already robust suite of digital products and solutions, which continue to enable customers to optimize their back-office, simplify their mid-office and transform their front-end customer experience into an efficient digital tool. data flow.

About Tavant

Headquartered in Santa Clara, Calif., Tavant is a digital products and solutions company that delivers impactful results to customers in North America, Europe and Asia-Pacific. Founded in 2000, the company employs more than 2,500 people and is recognized as a leading employer. Tavant created a smart AI-powered lending business by reimagining customer experiences, improving operational efficiency, and improving collaboration. Find Tavant on LinkedIn and Twitter.

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