Under the partnership, Newfi has chosen the Tavant VΞLOX platform for the transformation. The digital platform automates the loan origination lifecycle through the use of data-driven processes. For the first phase of the transformation, Newfi will deploy the FinXperience and FinConnect products from the VΞLOX suite.
“Set in the heart of Silicon Valley, Newfi Lending is investing in innovative technology solutions to engineer amazing mortgage products. We are excited to be a part of that journey. This partnership will enable Newfi's vision of providing a collaborative ecosystem for consumers, realtors, and mortgage brokers,” said Sarvesh Mahesh, CEO of Tavant.
“Tavant has deep mortgage industry experience and this partnership will help us provide enhanced service to our customers,” said Steve Abreu, CEO of Newfi. “As we build a premier lending platform that will uniquely drive diverse mortgage products across multiple business channels, Tavant’s VΞLOX suite of products will provide the flexibility, scale, and a streamlined customer experience that is essential for our business.”
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Residential mortgage lender Newfi Lending and mortgage technology provider Tavant have partnered to transform Newfi’s mortgage process, according to a joint announcement by the companies.