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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.