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Revolution Mortgage selects Tavant to transform the digital experience with Touchless Lending

By Edlyn Cardoza

January 20, 2023

  • Decision Analysis
  • Digital Lending
  • Digital Mortgage Experience

Tavant, Revolution Mortgage, Digital Lending, Residential Mortgage Lender, Digital Mortgage Experience, Touchless Lending, Decision Analysis, Underwriting, Multi-AUS, Loan Origination, Silicon Valley, USATavant, a Silicon Valley-based provider of industry-leading digital lending solutions for over 20 years, and Revolution Mortgage, a nationwide residential mortgage lender, announced they have partnered to integrate Revolution’s digital mortgage experience with Tavant’s Touchless Lending platform. This partnership will feature an end-to-end implementation of Touchless Lending Automation, starting with Decision Analysis, followed by Document, Credit, and Collateral Analyses in early 2023.

“As we get closer and closer to launch, it is clear to us that Decision Analysis is more than just a tool for underwriters and quality control. We see Touchless Lending as a way to get to market faster with a competitive advantage and work efficiently in the market as conditions fluctuate,” said Tony Grothouse, CEO at Revolution Mortgage. “We have aggressive growth plans for Revolution for 2023, and this technology is exactly the type of infrastructure and efficiency we need in place to expand and deliver quality assets into the secondary market.”

Touchless Lending Decision Analysis will allow Revolution Mortgage to automate and streamline its underwriting and application processes, thereby improving the lender’s overall borrower experience. This intuitive product will enable lenders to optimise loan origination and processing by reviewing Multi-AUS (Automated Underwriting Systems) responses and comparing them with loan-specific data and Investor guidelines to generate multiple options to improve operational efficiency, including optimising costs and decreasing processing times, among other potential avenues. Decision Analysis can integrate with any lender ecosystem and delivers a frictionless origination experience in the mortgage underwriting process for Borrowers, Loan Officers, Underwriters, and Capital Market teams.

“Lending transactions, especially in the residential mortgage space, don’t just take place between borrowers and lenders. Rather, there are several other parties in the mix,” said Mohammad Rashid, Head of Fintech Innovation at Tavant. “Therefore, more than simply having one source of truth – one lending interface for both the lender and borrower – is needed to make any digital lending platform out there in the market its true-to-word digitized and automatized self. We are confident that Touchless Lending is that truth and investing in the whole platform will render the most optimal results, and once we finish deploying Document, Credit, and Collateral for Revolution Mortgage, our partnership will prove just that.”

As of today, Revolution Mortgage has fully deployed Tavant’s Decision Analysis solution into production. This is the first step in the nationwide residential mortgage lender’s integration with Touchless Lending, which will feature implementations of the platform’s Document Analysis, Credit Analysis, and Collateral Analysis automations starting in early 2023.

As a leading FinTech software and solutions provider for more than 20 years, Tavant proactively anticipates customer needs and adjusts accordingly to provide the right configurable solutions. Tavant’s Touchless Lending product suite, which now includes Credit and Collateral Analysis, maximises data-driven decision-making to solve even the most complex lender and borrower challenges.

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