Tavant’s AI-powered Touchless Lending is reshaping the mortgage industry by giving lenders the tools they need to accelerate their loan manufacturing process and minimize origination costs. This revolutionary technology uses straight-through processing and automation to optimize the underwriting and processing experience by solving numerous pain points for lenders. Starting with application submission, Touchless Lending can achieve a clear-to-close decision in less than one week, which is approximately 80% faster than the industry average of 50 days. Touchless Lending focuses on the middle and back-office enabling associates to handle five times as many mortgages at once and reduces processing and underwriting costs by more than 75% per mortgage.
- Touchless Lending has increased revenue 250% from the previous year on customer growth of 200% over the last 12 years.
- In 2021, Clients have used Touchless Lending services to help underwrite over 80 thousand loans.
- Lenders have saved $20 million on processing costs and 8,000 person-hours for Loan Officers and Processors.
Santa Clara, CA