In a remarkable announcement that underscores Silicon Valley’s ongoing influence on global finance technology, Tavant, a leading provider of AI-powered digital lending solutions, has been honoured with the title of “Best Digital Mortgage Product” for its innovative Touchless Lending® Automation. This accolade was awarded as part of the 2024 FinTech Breakthrough Awards program, an event that shines a spotlight on the most pioneering products, companies, and technologies in the financial sector worldwide.

The FinTech Breakthrough Awards, in its 8th iteration, is renowned for its rigorous selection process. This year, an independent panel of experts from the financial services and technology sectors reviewed over 4,000 nominations globally. Their evaluation focused on criteria including innovation, performance, ease of use, functionality, value, and overall impact. The award to Tavant attests to the revolutionary strides the company has made in the digital mortgage realm, making a significant impression on the judges with its exceptional AI-powered lending platform.

Tavant, headquartered in Santa Clara, California, has been at the forefront of digital transformation in the financial services sector since its inception in 2000. Employing over 3,000 individuals across North America, Europe, and Asia-Pacific, Tavant has steadily built a reputation as a top employer and a catalyst for change in the lending industry. The company’s mission — to reshape the mortgage industry — involves leveraging technology to streamline the loan manufacturing process, thereby reducing origination costs and substantially improving the underwriting and processing experience.

Brad Sivert, the Head of Fintech Marketing at Tavant, expressed the company’s honour in receiving such a prestigious award. Highlighting the impact of Tavant’s technology, Sivert noted that it not only accelerates the loan manufacturing process but also significantly reduces the time to close loans to less than ten days. This efficiency empowers homebuyers, enabling them to achieve their dreams of homeownership faster and with less hassle.

The FinTech Breakthrough Awards, orchestrated by FinTech Breakthrough, a part of Tech Breakthrough, serves to recognize the innovators, leaders, and visionaries globally in the FinTech domain. The awards span various categories, including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech, and more, providing a comprehensive overview of the sector’s innovational landscape.

It’s worth noting that while the awards are a testament to Tavant’s achievements, Tech Breakthrough LLC, the organizing body, emphasizes that its recognition programs do not amount to an endorsement of any specific vendor, product, or service. The recognitions are based on the opinions within the Tech Breakthrough organization and should be understood as such.

Tavant’s recognition as the purveyor of the “Best Digital Mortgage Product” of 2024 marks a significant milestone not only for the company but for the digital mortgage industry at large. It highlights the evolving landscape of financial technology and the increasing importance of AI and digital solutions in making homeownership more accessible and streamlined for people around the globe.