New Tavant Digital Lending Solution Enhances Mortgage Borrowing Experiences


Tavant, a digital lending solutions provider, has launched VΞLOX NXT, an advanced edition of its AI-based digital lending platform. The fully re-architected solution combines the back-end optimization and automation features with new, advanced customer-centric capabilities to provide borrowers, loan officers and mortgage brokers a more unified, engaging, and adaptive experience. VΞLOX NXT will be available in-market and to current customers in March 2022.

VΞLOX NXT, the latest evolution of Tavant’s cloud-based VΞLOX digital lending platform, adds technical capabilities to enable homeownership in America. This new platform provides lenders with capabilities such as mobile-native full loan application experiences with data prefill capabilities and integrations with more than 130 third-party services for hyper-personalization. It includes streamlined application and e-closing processes that are configurable and adaptable in addition VΞLOX data lake integration for consumer behavior tracking and operations analytics. Advanced A/B/n testing for segmented and targeted rollouts and deployments as well as digital collaboration tools with features including video engagement and self-serve options are included.

“It is abundantly clear that when it comes to purchasing a home and securing a mortgage, a one-size-fits-all approach does not work,” says Abhinav Asthana, head of product of Tavant. “J.D. Power’s recent mortgage origination survey indicates that overall customer satisfaction is declining. As we transition into a purchase market, lenders must adopt hyper-personalized customer acquisition strategies and deliver more engaging experiences across retail and wholesale channels. VΞLOX NXT represents a fundamental shift, empowering loan officers and brokers to have complete control over the mortgage application experience while equipping them with the necessary data and analytics required to meet the demands of today’s savvy, digital consumer.”

“Our lending solutions enable one out of every four mortgage loans for U.S. homebuyers,” states Hassan Rashid, CRO of Tavant. “This is a testament to Tavant’s unwavering commitment to digital transformation and continues to position Tavant as the industry-leading provider of digital lending solutions. With the release of VΞLOX NXT, we are doubling our investment towards this initiative by introducing sophisticated yet simple customer-facing technology that will drastically change the way lenders engage with borrowers and make the entire process much more collaborative.”

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