Tavant FinConnect Sets New Industry Benchmark
SANTA CLARA, Calif.--(BUSINESS WIRE)--Sep 12, 2018--Tavant, a leading digital products and platforms company, today announced that FinConnect, its mortgage data integration hub, has reached a new milestone of processing over two million digital mortgage transactions in less than six months of crossing the one million mark. FinConnect is a component of Tavant VΞLOX - industry’s leading AI-powered digital lending platform. Several leading national lenders such as PennyMac Financial Services, Inc., Fairway Independent Mortgage, Ditech Financial, CMG Financial and Sierra Pacific Mortgage are using FinConnect to enable digital mortgage transactions.
FinConnect is a mortgage data and services hub that connects the internal and external systems of the mortgage ecosystem to enable a complete digital mortgage experience. It has over 100 connectors from more than 50 service providers such as CoreLogic, ComplianceEase, Equifax, Finicity, FormFree, Envestnet | Yodlee and all the mortgage insurance providers.
“Achieving the 2 million transactions milestone is a testament to the rapidly growing adoption of FinConnect by the mortgage industry. Tavant solutions and platforms are now touching about 23% of the loans originated in the U.S.,” said Hassan Rashid, CRO, Tavant.
“FinConnect supplies on-demand data directly from the information source, enabling a simple, touchless, and transparent digital mortgage experience for the borrower. It is a flexible, agile, powerful, efficient, secure, streamlined, cost-effective cloud-native mortgage industry data hub,” Rashid substantiated.
About Tavant VΞLOX and FinConnect
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 an immersive omnichannel experience and high-velocity execution: from loan discovery to loan funding to loan servicing.
FinConnect is an integration platform for mortgage-specific data and services, providing secure connectors to value-added third-party vendors, including 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.
About Tavant Technologies
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 Technologies on LinkedIn and Twitter.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180912005281/en/
CONTACT: Tavant Technologies
Vibhor Mishra, 408-519-5400
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Tavant Technologies
Copyright Business Wire 2018.
PUB: 09/12/2018 09:00 AM/DISC: 09/12/2018 09:01 AM