May 3, 2006

An All-In-One Loan Origination Software?

 New point-of-sale system gets real
Tavant Technologies Inc., an IT services company focusing on the development of mission-critical software applications, recently launched an integrated point-of-sale (POS) loan platform, automating and integrating end-to-end the loan sales process — lead management, 1003, credit review, pricing, proposal generation and loan checklist. “It’s not easy to fully and real-time integrate all the information sales people need to qualify and convert a lead,” says Mark Sarago, CIO of Ameriquest Mortgage Company. “We need to present our customers timely, comprehensive and competitive refinancing options that truly solve their credit problem, not just giving them a loan.” Tavant’s POS offers real-time access to credit reports, valuation models, title products and proprietary analytics. The POS also allows users to edit information such as loan programs and pricing. Developed using an integrated, mortgage-specific, common-technology platform, Tavant Mortgage Solutions is based on SOA, Open Source, Constraint-Based/Configurable Rules, Workflow and Imaging engines. This platform reportedly enables integration of Tavant’s components and solutions with existing loan systems and provides lenders with the option to replace their existing POS systems.
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