Close within 24 hours, lower costs and raise customer satisfaction through underwriting and processing automation.

Automating your entire underwriting process offers customers a better experience with faster closing and greater transparency. You raise volume while lowering processing costs. Tavant Mortgage Origination can help you get there with systems that maximize productivity through workflow, instant information access, imaging and automated decision making.

Tavant Mortgage Solutions' comprehensive capabilities enable real-time information access, imaging, intelligent workflow management and configurable business rules. Processors and underwriters perform each task more efficiently. Anytime visibility into the process makes your customers more comfortable and leads to a more positive experience. Tavant's Mortgage Origination Solutions includes:

• Tavant Automated Underwriter determines the risk inherent in any loan, establishes suitable loan terms and conditions, and ensures that conditions are resolved before funding. It guides a loan application throughout all processing and underwriting steps by leveraging the conditions manager, pricing engine, and vendor manager. Serving as the central repository for core loan information, it maintains a complete audit trail to ensure consistent compliance.
• Tavant Conditions Manager houses rules and workflow to streamline conditions life-cycle management. It identifies conditions, analyzes dependencies and assigns the conditions to the underwriter best suited to handle them at a given time. Conditions Manager also tracks and audits resolutions based on SLAs associated with the conditions, and handles escalations based on a variety of managers' approval criteria. Powered by table-driven and configurable rules that can be dynamically modifed, Conditions Manager re-flects changes in business requirements in real-time.
• Tavant Pricing Engine encapsulates all business logic related to pricing, underwriting and compliance in one tool. It is specifically designed for the complexity of mortgage transactions commonly featuring hundreds of attributes, thousands of constraints and a dynamic business environment in which rules can change many times a week. Pricing request is returned in less than five seconds at a load of hundreds of thousand computations per day. Your business users configure rules for maximum business agility.
• Tavant Virtual Loan File facilitates paperless processing for improved effi ciency. It enables fast, accurate decision making. It also ensures proper documentation by providing instant, efficient access to the entire loan information - including all supporting documents - at every point in the processing workflow. Virtual Loan File views are fully configurable to allow customized loan views for underwriters, investors, regulators and borrowers. Electronic storage and instant delivery removes limitations of geography and time zones.
• Tavant Title and Appraisal Manager significantly reduces processing time by automating report ordering and processing. Title Manager updates fees and communicates with closing agents to update and review the final HUD. Appraisal Manager simplifies complex valuation models by automating appraisal-conditions processing, removing subjectivity and human error. Business rules assure comprehensive processing of automated valuations, property condition reports and full appraisals.
• Tavant Vendor Manager provides a "single face" for all product orders from external vendors by effectively dealing with the vagaries of disparate vendor interactions. Vendor Manager smoothly integrates heterogeneous protocols, varying message content, and unique transport mechanisms. This insulates the rest of the origination platform from vendor-specific requirements. It also provides centralized traceability, audit and account management capabilities. Tavant Vendor Manager can handle product orders such as credit reports, automated and manual appraisals, flood certificates and title reports. A highly configurable infrastructure allows dynamic modification of vendors and products.
• Tavant Enterprise Document Engine, a generic platform for all document-related transactions, provides the convenience and security of accurate, consistent document generation every time. Documents are quickly and efficiently updated to meet changing business needs. Full support for complexities such as multi-lingual, bar-codes and logos is included.
• Tavant Closing and Funding automates all closing and funding tasks while adhering to required regulatory federal and state rules. Closing Manager ensures printing of comprehensive, accurate closing packages per loan terms and conditions. It then tracks receipt of the package to ensure completion. Funding Manager handles all downstream communication, including securing the collateral package, wiring funds, handling borrower recessions and processing un-funds.

Raise volume and customer satisfaction while lowering costs through streamlined processes