Northpointe Bank recently selected Tavant’s TOUCHLESS Mortgage Transformation Platform to upgrade its lending operations. Tavant is a leading provider of AI-powered fintech solutions and digital engineering. This strategic move aims to enable a total digital transformation of its business. The bank wants to streamline the loan origination lifecycle through advanced AI. Using Tavant’s TOUCHLESS Mortgage Transformation Platform allows the bank to process transactions much faster. It also provides a simplified and personalized experience for every borrower. Northpointe Bank specializes in home financing and retail banking nationwide.
The integration of Tavant’s TOUCHLESS Mortgage Transformation Platform will automate several manual tasks. It automatically classifies loan documents and extracts vital information from files. The system also flags missing data to prevent delays in processing. Furthermore, the platform verifies borrower credit and income directly from the provided documents. It even reviews appraisals for errors or inconsistencies in real time. This allows underwriters to focus only on specific exceptions.
“Integrating Tavant’s TOUCHLESS platform will further enhance automation within the mortgage lifecycle, helping us improve efficiency and deliver an even more seamless experience for our customers, while maintaining the personalized service that defines Northpointe,” said Kevin Comps, President of Northpointe Bank.
Boosting Productivity Through Advanced AI
The platform includes an AI assistant named MAYA™ for intelligent support. It helps lenders cut processing times down to just a few days. This technology can boost underwriter productivity by up to twelve times. Additionally, it can reduce operational costs by as much as 60 percent. The implementation of this tool usually takes less than six months.
“Northpointe Bank’s vision to scale their operations while maintaining exceptional service quality perfectly aligns with what our TOUCHLESS platform was designed to deliver. We are proud to support their digital transformation initiatives by providing the automation and intelligence needed to process loans more efficiently and accurately,” said Hassan Rashid, President of Fintech at Tavant.
Northpointe Bank continues to build strong momentum across all business lines. They are investing heavily in operational excellence and modern technology. Tavant is one of the world’s leading fintech providers of AI-powered fintech services. Together, they are setting new standards in digital lending. The partnership is making sure that Northpointe is on the cutting edge of the mortgage industry.
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News Source: Businesswire.com
