Tavant, a Silicon Valley-based digital lending products and solutions company, today announced its long-time customer, Fairway Independent Mortgage Corporation, has expanded its digital mortgage platform. Fairway has deployed Tavant’s FinXperience Broker to provide its growing network of brokers a seamless digital lending process with improved loan fulfillment efficiencies, faster speed-to-market, enhanced communication capabilities, streamlined experience, and significantly lower costs per loan. Powered by VΞLOX, 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,” said 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. This gives Fairway “a faster, smoother process for their brokers, which allows them to get more done in less time. Working with Tavant has given Fairway the agility to bring about changes quickly as we storm ahead in these challenging times,” said Liz Short, Product Owner of DRIVER at Fairway.
In addition to FinXperience Broker, Fairway is leveraging FinConnect, a component of Tavant VΞLOX 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.
“Fairway is one of the pioneers in the digital lending market,” said Hassan Rashid, CRO, Tavant. “Part of its success can be attributed to its ongoing commitment to excellence and leveraging technology in an innovative manner to enhance the overall lending process. Our VΞLOX platform will enable Fairway to grow with changing consumer and broker behavior and
further improve the digital home buying experience, while helping brokers reduce turn times for closing a loan.”
Rapidly gaining market share, Tavant’s expanding customer base originates one out of every four loans in the United States. Tavant’s VΞLOX suite of products optimizes the back-office, simplifies mid-office, and transforms the front-end consumer experience into an efficient digital data flow.
Headquartered in Santa Clara, California, Tavant is a digital products and solutions company that provides impactful results to its customers across North America, Europe, and Asia-Pacific. Founded in 2000, the company employs over 2500 people and is a recognized top employer. Tavant is creating an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies and improving collaboration.
About Fairway Independent Mortgage Corporation
Founded in 1996 by Steve Jacobson, and named by a childhood best friend, colleague and forever member of the Fairway family, Randy Cross, Fairway Independent Mortgage Corporation is a mortgage lender headquartered in Madison, Wisconsin and Carrollton, Texas. The company has more than 500 locations and over 6,900 employees nationwide. At Fairway, customer service is a way of life. Not only are we dedicated to finding great loan products and rates for our customers, we also offer some of the fastest turn times in the industry. Our goal is to act as a trusted advisor, providing highly personalized service and helping clients through every step of the loan process. It’s all designed to exceed expectations, guarantee satisfaction and earn trust.
For more information, please visit our website at www.FairwayIndependentMC.com.