Fairway Independent Has Expanded Its Digital Mortgage Platform

Fairway Independent Mortgage Corporation, has expanded its digital mortgage platform. Fairway has deployed Tavant’s FinXperience Broker to provide its growing network of brokers a seamless digital lending process with improved loan fulfillment efficiencies, faster speed-to-market, enhanced communication capabilities, streamlined experience, and significantly lower costs per loan. Powered by VΞLOX, Tavant’s AI-powered lending platform, Fairway’s digital mortgage platform ‘DRIVER’ is leveraged by more than 3,000 mortgage brokers across 500 brokerage firms nationwide.

“Tavant is truly an extension of our team, and together we continue to advance our digital lending capabilities, transforming the home loan process,” said Randy Allen, CIO of Fairway. “These latest enhancements provide mortgage brokers with the tools needed to more effectively manage the entire loan pipeline. Real-time data exchange and data-driven processes ensure a more fluid experience for our brokers, boosting productivity and reducing loan cycle times.”

Tavant’s FinXperience Broker brings loan originators and investors together, enabling wholesale brokers to work as a team with lenders, expediting processing and approval while ensuring compliance with regulatory requirements. This gives Fairway “a faster, smoother process for their brokers, which allows them to get more done in less time. Working with Tavant has given Fairway the agility to bring about changes quickly as we storm ahead in these challenging times,” said Liz Short, Product Owner of DRIVER at Fairway.

In addition to FinXperience Broker, Fairway is leveraging FinConnect, a component of Tavant VΞLOX that enables digital mortgage transactions. FinConnect is an enterprise service hub for the financial services industry and an intelligent lending data and services network that integrates with more than 130 ecosystem partners.

“Fairway is one of the pioneers in the digital lending market,” said Hassan Rashid, Tavant’s CRO. “Part of its success can be attributed to its ongoing commitment to excellence and leveraging technology in an innovative manner to enhance the overall lending process. Our VΞLOX platform will enable Fairway to grow with changing consumer and broker behavior and further improve the digital home buying experience, while helping brokers reduce turn times for closing a loan.”

Rapidly gaining market share, Tavant’s expanding customer base originates one out of every four loans in the United States. Tavant’s VΞLOX suite of products optimizes the back-office, simplifies mid-office, and transforms the front-end consumer experience into an efficient digital data flow.