Tavant Teams with Freddie Mac

A new partnership between digital mortgagetech solutions company Tavant and Freddie Mac is aiming to simplify loan data submission.

This week, the two are collaborating on the launch of a one-click submission for Freddie Mac’s automated underwriting system, Loan Product Advisor. The new tool leverages machine learning to enable lenders to submit loan data to both Fannie Mae and Freddie Mac in a single click and quickly receive a list of borrower options.

“We are enabling mortgage lenders to thrive in the digital era. Our partnership with Freddie Mac will increase productivity, improve accuracy in the loan decisioning and underwriting process and reduce the overall origination cycle time. It provides intelligent support throughout the loan lifecycle and reduces the overall cost of loan origination,” said Hassan Rashid, CRO of Tavant.

To kick off the partnership, California-based Tavant will pilot the new tool with four unnamed lenders. The company demoed VELOX, an AI-powered digital lending product that offers an omnichannel, end-to-end experience for mortgages, at FinovateSpring 2017. Founded in 2000, Tavant employs more than 2,500 people who serve customers across North America, Europe, and Asia-Pacific.

Finovate Alumni News

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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  • Tavant Selected by Newfi Lending To Provide Next-Generation Digital Platform.
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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

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  • Tavant selected by Fairway Independent Mortgage To Transform Its Digital Lending Experience.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateSpring Sneak Peek: Tavant Technologies

Tavant_homepage_April2017

FS2017-Logo(rev)V1Tavant VELOX is a digital product suite offering a fluid omni-channel experience and high velocity execution: from home delivery to loan funding.

Features

  • Reduces loan origination costs by 40%
  • Routes loan efficiently through path of least resistance
  • Eliminates paper with digital loan file

Why it’s great
Tavant VELOX enables hyperconnected lending, turning every element digital.

Tavant_AbhinayAsthana_2Presenters

Abhinav Asthana, Director of Products
Asthana heads product innovation and strategy for Tavant’s consumer lending product suite, VELOX. Previously, he ran product strategy and headed the innovation roadmap for a leading LOS (NetOxygen).
LinkedIn

 

Tavant_MohammadRashid_2Mohammad Rashid, Vice President, Consumer Lending
Rashid heads consumer lending and capital markets at Tavant Technologies. He provides strategy and thought leadership to enable growth and comes with more than 25 years of expertise in the lending space.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Check out our latest FinovateSpring Sneak Peeks featuring Tyro, FUCO & SOLUTION, Eltropy, AFS, cyberProductivity, and Tavant Technologies.
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  • CoverHound to offer insurance quotes for rideshare drivers.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.