SANTA CLARA, Calif., May 17, 2018
Tavant, a leading digital products, and solutions company for the consumer lending industry, today announced that it is collaborating with Freddie Mac to launch a one-click submission of loan data to Loan Product Advisor®, the company’s automated underwriting systems (AUS), providing lenders a means to improve loan fungibility and best execution without sacrificing operational efficiency.
This solution uses machine learning and process automation techniques to submit loan-data via a single click to both Freddie Mac and Fannie Mae, enabling lenders to see the full view of options available to their borrowers and ultimately leading to an improved borrower experience. In the first phase of the launch, Tavant will begin piloting this solution with four selected lenders leveraging the partnership to achieve best execution goals.
“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, Tavant.
“Freddie Mac is excited about this partnership with Tavant. We have a shared vision of embracing and adapting new technologies such as machine learning and automation to empower our clients,” said Rick Lang, vice president of Freddie Mac’s Loan Advisor Suite® strategy and integration for the Single-Family business. “Lenders are looking for solutions that provide them with the loan origination options needed to more efficiently deliver a better borrower experience.”
Tavant’s lending products and platforms are transforming lenders into intelligent digital lending enterprises. Its suite of solutions provides the flexibility and scale that helps deliver immersive lending journeys and a seamless omnichannel experience.
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Media Contact:
Vibhor Mishra
Tavant Technologies
+1-408-519-5400
[email protected]
