has announced that its long-time customer, Fairway Independent Mortgage Corporation
, has expanded its digital mortgage platform, deploying Tavant’s FinXperience Broker to provide its network of brokers, with 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 for 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.
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 of 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 homebuying experience, while helping brokers reduce turn times for closing a loan."