Tavant FinDecision Enhances Broker Experience Through Collaboration with PennyMac Financial Services, Inc.

Rhea-AI Summary

Tavant, a digital lending solutions provider, is collaborating with PennyMac Financial Services (NYSE: PFSI) to integrate Tavant FinDecision into PennyMac’s POWER Portal. This collaboration enhances loan decision-making speed and flexibility through dual Automated Underwriting Systems (AUS). The technology aims to improve operational efficiency by reducing processing times and costs, benefiting both brokers and borrowers. Positive feedback from broker partners highlights the intuitive interface and effective presentation of AUS findings, streamlining the loan closing process.

Positive

• Collaboration with PennyMac enhances loan decision-making capabilities.
• Integration of dual AUS functionality helps to improve operational efficiency.
• Positive broker feedback indicates enhanced user experience and loan processing.

Negative

• None.

Joint implementation features Tavant FinDecision in Dual AUS Offer with Top Mortgage Lender

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Tavant, a Silicon Valley-based provider of industry-leading digital lending solutions, announced today that it is collaborating with PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac), one of the largest publicly traded residential mortgage companies in the country. Pennymac has integrated Tavant FinDecision into its POWER Portal for broker partners.

Pennymac’s access to FinDecision’s dual Automated Underwriting Systems (AUS) functionality and other core processes provides the company an additional tool to yield better, faster decisioning. At its core, FinDecision provides the ability to validate AUS responses (both Desktop Underwriter and Loan Product Advisor) and equivalently review their findings. It also identifies all potential avenues to improve operational efficiency, including optimizing cost and decreasing processing times. FinDecision allows lenders and brokers to be more flexible in their decision-making.

“We’ve received positive feedback from our broker partners related to the dual AUS functionality,” said Kim Nichols, Senior Managing Director of Pennymac TPO. “Its intuitive features and clear side-by-side presentation of AUS findings enable brokers to thoughtfully select the most efficient path to loan closing.”

FinDecision improves loan quality and enhances the overall borrower and lender experience. It provides an automated, single-click approach to achieving loan fungibility and pricing best execution on one hand and operational best execution on the other during the processing, underwriting and secondary market stages of the loan. FinDecision is a core product within Tavant’s Touchless Lending™ platform and is Loan Origination System (LOS)-agnostic.

“We constantly strive to invest in technology that enables a better mortgage lending experience for our customers,” said Mohammad Rashid, Senior Vice President and Head of Fintech Innovation at Tavant. “Leveraging FinDecision provides Pennymac’s brokers with more transparency, allowing them to identify the most favorable loan for their borrowers, often cutting costs and closing loans faster. We take pride that our solutions deliver the best possible experience for both borrowers and brokers and provide the competitive edge our customers need to distinguish themselves from the rest of the mortgage lending community.”

Tavant’s suite of Fintech products solves the most complex lender and borrower challenges while maximizing data-driven decision-making.

About Tavant
Headquartered in Santa Clara, Calif., 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 Silicon Valley-based leader and provider of AI-powered digital lending solutions employs more than 3000 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. For more information about Tavant, please visit https://www.tavant.com/.

Find Tavant on LinkedIn and Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220203005389/en/

Tavant Media Contact:

Anna Stanley / Adrie Morales

Anna@williammills.com / adrie@williammills.com

251.517.7857 / 678.781.7227

Source: Tavant

FAQ

What is Tavant collaborating on with PennyMac Financial Services?

Tavant is collaborating with PennyMac to integrate Tavant FinDecision into PennyMac’s POWER Portal, enhancing the loan decision-making process.

How does Tavant FinDecision benefit PennyMac and its brokers?

Tavant FinDecision streamlines loan processing, optimizes costs, and improves decision-making flexibility for PennyMac and its brokers.

What are the key features of Tavant FinDecision?

Tavant FinDecision offers dual AUS functionality, operational efficiencies, and a user-friendly interface for brokers to manage loan closings effectively.

What is the significance of the integration for PennyMac's broker partners?

The integration allows broker partners to make faster, more informed decisions, improving the overall loan closing experience.