LoanLogics, a digital mortgage solutions provider creating an investor network ecosystem for digital loan commerce, has acquired LoanBeam, a provider of income calculation and verification technology endorsed by government-sponsored entities (GSEs) Fannie Mae and Freddie Mac. Terms of the private transaction were not disclosed.
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Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, has formed a strategic partnership with LoanBeam, a mortgage technology company that specializes in data extraction and income calculation, to further enhance the digital mortgage experience with automated borrower income calculation. LoanBeam’s APPSolute suite of automated income analysis tools is now integrated with Tavant’s FinConnect, helping lenders close loans faster by standardizing and streamlining the application process, removing human error, increasing transparency, and improving accuracy.
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