SANTA CLARA, Calif.--(BUSINESS WIRE)--Tavant, a digital products and platforms provider to consumer lending companies, announced today that it is collaborating with the mortgage technology company Lender Price to provide lenders with access to Lender Price’s Product Pricing and Eligibility Engine (PPE) via Tavant FinConnect, the data and services bus for the mortgage industry and part of its VΞLOX suite of products. The purpose of the collaboration is to provide the two firms’ mutual customers with significant time and resource savings by offering a pre-built connection between the two platforms.
Tavant FinConnect is a data and services integration platform that facilitates the integration, transformation and consumption of multiple information sources during the loan origination process. Lender Price PPE is a dynamic product, pricing and eligibility engine that offers bi-directional system-to-system integration capability, omni-channel product support, full mobile functionality and advanced pricing intelligence and analytics.
Tavant will work with Lender Price to create a pre-built connector between its platform and the pricing engine, which will be designed to provide mortgage banking lender clients with faster time-to-market at reduced risk due to lower administration costs, and eliminate the need for a custom point-to-point integration between their systems. Moreover, economies of scale are expected to result in significant cost savings for lenders via a field-tested and proven connection between the two companies’ platforms that will reduce effort in both the planning and system development stages of a typical mortgage technology project.
“We are excited to develop this ready-to-go connector between Tavant FinConnect and Lender Price’s Mortgage Pricing Engine. The integration will provide our portfolio of clients with a tried and tested access and integration path to one of the industry’s premier product pricing and eligibility engines. Since this capability is one of the core elements of executing a digital mortgage strategy, it will go a long way to accelerating the lender on its path to total digital transformation and consequential productivity gains,” observed Hassan Rashid, Tavant’s Chief Revenue Officer.
“Connecting our pricing engine with Tavant’s industry-leading platform is in the best interest of our customers. This collaboration streamlines the development process for our shared digital mortgage customers by creating a more efficient path toward the lender’s goals,” commented Jerry Halbrook, Lender Price Chief Executive Officer. “We continually look for ways to fast-track value to our clients, and this technology partnership will allow all parties to focus on the optimization of core mortgage processes,” continued Halbrook.
“While this collaboration serves to facilitate the path to a digital mortgage strategy for our mutual customers, it should be noted that both Lender Price and Tavant remain committed to supporting their clients’ freedom to choose the technologies and integrations that work best for them,” elaborated Rashid.
About Tavant VΞLOX and FinConnect
Tavant FinConnect is an integration platform for mortgage-specific data and services, providing secure connectors to value-added third-party vendors, including 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.
Tavant VΞLOX is the industry’s leading AI digital platform that maximizes the use of data-driven processes in the automation of the loan origination lifecycle. It brings true digital disruption to the mortgage industry with an immersive omni-channel experience and high velocity execution: from home discovery to loan funding.
About Tavant Technologies
Headquartered in Santa Clara, California, Tavant Technologies is a digital products and platforms 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 Lender Price
Lender Price is a California-based technology innovator and developer of an industry leading digital lending technology platform and product, pricing and eligibility engine, real-time pricing analytics all in support of omni-channel lending strategies, full mobile functionality and an end-to-end digital experience for both consumers and mortgage professionals.