Tavant, a provider of AI-powered digital lending technologies, reports that as of March its FinConnect platform had processed more than 10 million digital mortgage transactions in a period of 12 months.
“We continue to see volumes spike across retail, wholesale and direct to consumer lending channels,” says Hassan Rashid, chief revenue officer for Tavant, in a release. “In March, the changing market conditions, low- interest rates, and high refinance volumes yielded a massive spike in transaction volume, further highlighting the resilience of FinConnect and its proven ability to provide a seamless experience.”
FinConnect is a component of Tavant’s AI-powered digital lending suite of products, VΞLOX, that seamlessly connects the internal and external systems of the mortgage ecosystem, enabling an end-to-end, seamless digital mortgage experience.
FinConnect simplifies the lending experience, providing lenders plug-and-play access to 130 connectors from more than 60 service providers, including various product types such as identity, credit, income, asset, tax transcripts, AUS, appraisal, closing costs and fees, flood, product & pricing engine, compliance, title insurance, mortgage insurance and Fannie Mae Day 1 Certainty designated vendors.
FinConnect supplies on-demand data directly from the information source, enabling a simple end-to-end digital mortgage experience for the borrower.