MORTGAGE AND LENDING, INVESTMENTS
Newfi Lending and Tavant | February 22, 2023
Newfi Lending, a tech-focused multi-channel mortgage lender, and Tavant, an industry-leading digital lending solutions provider, recently announced the successful integration of the digital mortgage experience of Newfi with Touchless Lending® Document Analysis. This partnership will advance the mortgage industry adds a significant step in the evolution of Newfi's business and marks Tavant's official expansion into Non-QM Lending.
Document Analysis is a product of Tavant's Touchless Lending® automation platform. It is designed to work seamlessly with existing lender systems, such as CRMs, Loan Origination Systems (LOS), Point-of-Sale, and document management systems. It completely transforms document processing by optimizing document-related workflows, and accurately automating document classification, splitting, indexing, categorization, data extraction and pairing with borrowers. Utilizing Touchless Documents will offer Newfi a more simplified and smooth experience for all involved stakeholders.
The partnership between Tavant and Newfi to add Touchless Documents to their digital mortgage experience will include machine-oriented classification and Exception Processing for documents with low confidence rates. This will make it possible to process documents from beginning to end. In addition, the processed records are sourced from Newfi's Broker Portal (BLU), the platform's Origination Experience designed for brokers and TPO partners and integrated with Touchless Lending®.
Newfi is fully deploying the Document Analysis solution into production. This is the first step in integrating Newfi with Touchless Lending®. In this year's beginning, the platform's automated Credit Analysis and Collateral Analysis will be in place. Tavant proactively foresees customer needs and adapts accordingly to offer the correct configurable solution according to the requirements.
About Newfi Lending
Newfi Lending was established in 2014 by a group of experienced industry professionals to revolutionize the mortgage experience. The company has transformed the lending process through a unique blend of cutting-edge technology and innovative product design, providing customers with a more streamlined, transparent, and efficient transaction. By leveraging advanced data analytics and machine learning algorithms, the company can tailor loan products and services to meet each borrower's unique needs and preferences, resulting in a more personalized and practical lending experience.
About Tavant
Tavant has been one of the industry's leading software and solutions providers for over 20 years. Its Touchless Lending® platform maximizes data-driven decision-making to address even the most intricate lender and borrower challenges. One out of every three U.S. loans contributes to the expansion of Tavant's customer base. Based in Santa Clara (California), it is a digital products and solutions provider to its customers across North America, Asia-Pacific and Europe.
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REAL ESTATE TECHNOLOGY, HOME AND DESIGN
FirstClose | February 02, 2023
To help home equity lenders select and integrate their preferred settlement service vendors into FirstCloseTM Equity more efficiently, the company has launched its next-generation Vendor Gateway.
FirstClose Equity is a one-of-a-kind home equity origination solution that streamlines operational touchpoints while improving borrowers' overall customer experience. The platform's end-to-end solution comprises a borrower-facing point-of-sale solution that provides consumers with fast online feedback on their home valuation, accessible home equity, loan possibilities, and credit decisions in minutes. Also, lenders may be able to finish the process from application to closing in 7–10 days, while the average in the industry is 45–60 days. This is possible because of automated workflows that include the ordering of settlement services.
Lenders and their vendor partners can both significantly benefit from using FirstClose Gateway. One of the many benefits is that it will reduce vendors' time to get their products on the market. It will also make things better for borrowers by giving them consistent data and making sure their orders are filled. Also, it will make contracting and managing vendors easier by letting FirstClose equity lenders connect with their preferred providers under a single agreement, with a single bill and a single point of contact.
Ramiro Castro, Chief Product Officer for FirstClose, stated, "We designed the Gateway to give lenders greater control over the home equity process: everything from the customer experience they deliver to their operational and risk management choices."
"While our latest release includes a core set of vendors that are accelerating the origination process, our platform is vendor agnostic," Ramiro Castro concluded.
(Source – Cision PR Newswire)
About FirstClose
FirstClose, Inc., based in Austin (Texas), is a national provider of fintech solutions for a home equity line of credit (HELOC) and mortgage lenders. The company aims to help mortgage lenders improve profits while decreasing expenses. This is made possible by FirstClose's technology and relationships, which allow lenders to help their borrowers better, minimize closing costs, and shorten closing timeframes.
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BROKERAGE,REAL ESTATE TECHNOLOGY
Side | January 05, 2023
INFINITAS Realty recently announced a collaboration with Side, the only provider of real estate technology that works with top-performing brokers, teams, and agents to help them become market-leading boutique brands. Through this agreement, INFINITAS Realty will be able to offer its future-proof services on the market's most cutting-edge platform.
INFINITAS Realty is challenging the entire real estate sector to advance in order to reach its high standards. The team provides seamless client experiences that are complemented by its transaction coordination software, called Property Wand, and private services in staging, design, and landscaping. The company achieves this by striking a balance between a traditional work ethic and advanced technological innovations.
With the help of Side, INFINITAS Realty will be able to keep up with the ever-changing real estate industry and continue to provide excellent service to its customers. The San Francisco-based company Side provides INFINITAS Realty with a comprehensive brokerage platform that includes proprietary technology, transaction management, branding and marketing services, public relations, legal support, lead generation, vendor management, infrastructure solutions, and more. In addition, INFINITAS Realty will become part of a select group of Side partners, expanding their access to global business infrastructure.
INFINITAS Realty said that it is excited to raise the bar in the real estate industry and make changes that are much needed. It went on to say that with Side's cutting-edge marketing, technological, administrative, and legal services, the company can take its disruptive approach to new heights and assist more clients in actualizing their dreams.
About SIDE
Side is the first real estate brokerage platform on the market. It lets the best agents, teams, and independent brokers build and grow their businesses without managing a brokerage, which can be challenging, expensive, and risky. In contrast to consumer-facing brokerage companies, Side provides its partners with time-saving technology and superior support services so that they can focus on what is more critical, i.e., servicing their clients and communities.
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