Using tech within the present mortgage utility course of is disjointed and siloed. Debtors, mortgage officers, and the corresponding processors and underwriters are sometimes engaged on totally totally different methods. In the meantime, borrower’s actual property brokers, brokers, and monetary advisers could not even have entry to these methods, stopping them from supporting their purchasers by way of what is usually the biggest monetary transaction of their lifetime.
With FinXperience, Tavant brings all events collectively on one collaboration platform and supplies hyper-personalized digital journeys to debtors, mortgage officers, brokers, monetary advisers and different members within the lending ecosystem. The platform is mortgage origination system-agnostic and is designed to ship worth to each debtors and lenders–”from the purpose of considered shopping for a home to the purpose of proudly owning a house.”
“Most of our rivals have choices that coerce the lender to comply with a pre-determined and rigid buyer journey since their architectures present for restricted flexibility on the consumer expertise entrance,” Chief Income Officer Hassan Rashid stated. “The pliability of FinXperience permits lenders to create a particularly differentiated expertise from different lenders, in addition to a hyper-personalized expertise throughout their buyer segments. There are not any cookie cutters right here.”
As a white-label resolution, the FinXperience platform is extremely customizable and configurable, with the power to align with a lender’s particular branding and advertising and marketing differentiators and buyer segmentation. The platform’s options, performance, and volume-handling capabilities are scalable with the lender’s development available in the market.
“With our VELOX platform, we helped our lender purchasers not solely develop but additionally enhance borrower/mortgage officer collaboration and shut extra loans quicker. Our purchasers grew 117% YoY for the interval (first half of 2021), improved their conversion by 64%, and decreased cycle instances by 52% throughout purchases and refinances whereas enhancing mortgage officer productiveness by 29%,” stated Abhinav Asthana, Head of Tavant’s Fintech Merchandise Enterprise & Development.
“How did we obtain it? Our data-driven ecosystem that plugs into over 130 information and third-party service companions hyper-personalizes your debtors’ expertise, augments what you are promoting processes with hybrid workflows – leveraging people and machines, and permits your mortgage officers to serve your debtors higher,” added Asthana.
FinXperience integrates by way of a bi-directional framework with its surrounding methods, together with CRM platforms, pricing engines, doc administration methods, and LOS. This integration permits all members within the course of to work together with and entry mortgage information in a real, real-time method.
“Tavant’s consumer journey and persona mapping for each occasion inside the mortgage transaction results in an optimum workspace for every consumer. The UX is pleasant and intuitive, offering the best and environment friendly interplay coupled with bi-directional real-time information immediately from the LOS primarily based on safety and information entry rights,” stated Mohammad Rashid, Head of Fintech Observe.
He additional commented, “Our alignment with digital transformation methods throughout the house mortgage journey and our injection of AI/ML methods alongside the way in which reduces the price of originating mortgages by way of scaled automation alternatives at each junction.”
Hassan Rashid, Chief Income Officer
Hassan Rashid steers Tavant’s technique for continued worthwhile income development, supported by a completely aligned enterprise improvement engine.
Mohammad Rashid, Head of Fintech Observe
Mohammad Rashid is chargeable for driving innovation, technique, choices, and income of Tavant’s market-leading fintech enterprise
Abhinav Asthana, Head of Fintech Merchandise Enterprise
Abhinav Asthana is chargeable for the general innovation, go-to-market, and product administration methods for Tavant VΞLOX.