Experian and Tavant join forces to modernize and improve the mortgage origination process for consumers and lenders. New integration enables more efficient consumer data collection through artificial intelligence to create a faster, easier and more accurate experience
At the Mortgage Bankers Association’s Annual Convention & Expo, Experian®, the world’s leading information services company, and Tavant, a leading digital mortgage products and platforms company, announced an integration to digitize the loan origination process and create a streamlined experience for consumers and lenders.
Now, consumer-verified data from Experian will be integrated into Tavant’s VΞLOX platform, enabling a more streamlined environment to help consumers satisfy mortgage originators’ information needs quickly and securely. According to findings published by the Federal Housing Finance Agency, 18 percent of home loan applicants were forced to redo their paperwork in 2016, and nearly 24 percent ultimately had their closing dates postponed. The new integration with Tavant eliminates the need for consumers to enter and re-enter information manually, saving time and reducing the potential for error.
Tavant VΞLOX is the industry’s leading AI-powered digital lending platform that maximizes the use of data-driven processes in the automation of the loan origination life cycle. Its components include FinConnect, a mortgage data and services hub that connects the internal and external systems of the mortgage network, and FinXperience, a unified immersive experience platform for borrowers, loan officers, wholesale brokers and correspondent sellers.
Several leading national lenders, such as Fairway Independent Mortgage, Ditech Financial, CMG Financial and Sierra Pacific Mortgage, are using Tavant VΞLOX to enable digital mortgage transactions. To learn more about Experian’s mortgage business, visit Experian at Booth #339 and Tavant at Booth #243 at the Mortgage Bankers Association’s Annual Conference & Expo or visit www.experian.com/mortgage.
About Tavant Technologies
Headquartered in Santa Clara, Calif., 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 more than 2,500 people and is a recognized top employer.