In 2023, Tavant segmented out its Touchless Lending brand into two different categories: Automation and Experiences. Tavant’s AI-powered Touchless Lending Automation is reshaping the mortgage industry by giving lenders the tools they need to accelerate their loan manufacturing process and minimize origination costs. This revolutionary technology uses straight-through processing and automation to optimize the underwriting and processing experience, solving numerous pain points for lenders. Starting with application submission, Touchless Lending can help an underwriter achieve a clear-to-close decision in minutes rather than the industry norm of hours and days. Touchless Lending Automation focuses on the middle and back office, enabling operations staff to handle ten times as many mortgages at once and reduce processing and underwriting costs by more than 50% per mortgage loan.
Touchless Lending Automation helps users deliver the experience borrowers want by enabling a faster path to the closing table and providing borrowers with a needs list that is highly accurate and optimized for minimum requirements and minimum interactions. Loan officers, processors and underwriters can use Touchless Lending’s optimized workflows to engage with data and make decisions faster instead of relying on physical documentation and manual data entry. Touchless Lending eliminates the most significant productivity sinkholes (multiple humans-in-the-loop scenarios) by introducing the industry’s first truly automated conditions management framework.
Company Website:
Markets Served:
Loan Origination, Servicing, Secondary, Appraisal / Valuation, Title and Closing
Company HQ:
Santa Clara, CA
