Fairway Independent Mortgage Corp. has expanded its digital mortgage platform with the deployment of Tavant’s FinXperience Broker tool, to provide its growing network of brokers a seamless digital lending process.
Tavt says the solution enables improved loan fulfillment efficiencies, faster speed to market, enhanced communication capabilities, streamlined experience and significantly lower costs per loan.
Powered by VELOX, Tavant’s AI-powered lending platform, Fairway’s digital mortgage platform, DRIVER, is leveraged by more than 3,000 mortgage brokers across 500 brokerage firms nationwide.
“Tavant is truly an extension of our team, and together we continue to advance our digital lending capabilities, transforming the home loan process,” says Randy Allen, CIO, Fairway. “These latest enhancements provide mortgage brokers with the tools needed to more effectively manage the entire loan pipeline. Real-time data exchange and data-driven processes ensure a more fluid experience for our brokers, boosting productivity and reducing loan cycle times.”
Tavant’s FinXperience Broker brings loan originators and investors together, enabling wholesale brokers to work as a team with lenders, expediting processing and approval while ensuring compliance with regulatory requirements.
In addition to FinXperience Broker, Fairway is leveraging FinConnect, a component of Tavant VELOX that enables digital mortgage transactions. FinConnect is an enterprise service hub for the financial services industry and an intelligent lending data and services network that integrates with more than 130 ecosystem partners.