Harish Tejwani recently took charge of ARIVE, a digital broker origination platform that is revolutionizing the mortgage origination process in the wholesale channel. Tejwani and his team of more than 60 employees have worked non-stop this year to bring to market, at scale, a turnkey loan origination solution for mortgage brokers that is natively connected with wholesale lenders for digitally exchanging pricing and loan information.
ARIVE allows brokers to source mortgage offers from hundreds of wholesale lenders without having to send applications to the individual TPO portals and calculates broker pricing according to the agreement they have with the various lenders.
Since Tejwani joined the company, the ARIVE platform has taken off with nearly 300% exponential growth in broker adoption in the past six months. By the end of Q3 more than 2,000 broker shops representing north of 8,000 originators have signed up for ARIVE, with the largest lenders representing 65% of wholesale market.