Tavant, a leading digital products and platforms company, announced today that it has launched an advanced digital mortgage solution for PennyMac Loan Services (PLS). Fueled by Tavant VÎžLOX, a leading lending technology platform, the solution supports a data-driven mortgage platform and is expected to drive a superior experience for customers and partners through more streamlined automation, improved loan fulfillment efficiency and overall digital simplification.
We are proud of our partnership with PennyMac, one of the leading residential mortgage companies in the United States, said Hassan Rashid, Tavants CRO. We have developed an intuitive mortgage origination process by simplifying and personalizing the customer experience.
By optimizing online engagement, the new platform delivers a fluid experience to customers and maximizes the use of data-driven processes. It is expected to enhance the loan application intake through the consumer and broker channels, further improve operations productivity and reduce loan cycle times.
Our vision is to deliver superior value to our customers and business partners, said Jim Follette, Senior Managing Director and Chief Mortgage Fulfillment Officer for PennyMac Loan Services, LLC, an indirectly controlled subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). We believe Tavants digital experience will help contribute to long-term customer excitement. We are optimistic that, with future enhancements, this product will continue to support our drive to successfully grow and strengthen our leadership position in the market.
About Tavant VÎžLOX
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Tavant VÎžLOX is the industrys leading AI-powered 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 omnichannel experience and high-velocity execution: from loan discovery to loan funding to loan servicing.
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. Find Tavant Technologies on LinkedIn and Twitter.
Vibhor Mishra, 408-519-5400