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October 2023 » thefivestar.com 5 October 2023 M T E C H ACRA LENDING PARTNERS WITH TAVANT TO LAUNCH TOUCHLESS LENDING COLLATERAL ANALYSIS T avant and Acra Lending an- nounced the integration of Acra Lending's digital mortgage experience with Touchless Lending Collateral Analysis. This partnership marks a significant milestone in Tavant's expansion into non-QM lending and an advancement in Acra's mission to transform their business into one that is technology-first. "We are in an environment that is highly dependent on the adoption of technology, and Acra does not want to be a company that does not adapt to technology," said Gregory Meola, Manag- ing Director at Acra Lending. "As we go through the year, we want to define our- selves as not only an adopter but an in- novator at the same time. We have been working very hard to get a lot of great enhancements to our technologies and our process efficiencies, and the work we are doing with Tavant is an integral part of this transformation. By the end of this year (2023), we are expecting a major separation from the competition." Acra Lending has fully deployed Tavant's Collateral Analysis solution into production. This is the first step in Acra's integration with Touchless Lending, which will feature the implementation of a non-QM AUS platform soon. Touch- less Lending Collateral Analysis benefits every mortgage channel of business and goes far beyond industry-standard appraisal review tools available today. "Tavant has proven instrumental in enhancing Acra's operational efficiency, ensuring seamless automation, and re- ducing costs," said Mohammad Rashid, Head of Fintech Innovation at Tavant. "By leveraging Tavant's cutting-edge solutions, Acra Lending has witnessed significant cost savings, enabling them to focus on delivering exceptional service to their clients. What sets Tavant apart is our commitment to offering flexibility to lenders. Whether a lender chooses to adopt the entire Touchless Lending suite or prefers to implement specific analyses independently, Tavant is there to support their unique needs every step of the way." Collateral Analysis is a proprietary product of Tavant's Touchless Lend- ing automation platform, designed to integrate with existing lender systems seamlessly, including CRMs, point-of- sale, LOS, and document management systems. Collateral analysis automates an underwriter's manual, labor-intensive appraisal review process, allowing them to focus their attention on other pressing issues that require action. Eliminating manual review and data entry while identifying and escalating issues auto- matically allows for more accurate and faster decision-making and closing. GUARANTEED RATE UNVEILS POWERVP MOBILE APP TO ENHANCE LOAN OFFICERS' ON-THE- GO CAPABILITIES G uaranteed Rate has announced the launch of its new PowerVP mobile app, an end-to-end dig- ital tool designed to make loan officers more efficient and effective. "This is the app Loan Officers have waited their entire career for," said Victor Ciardelli, CEO and President of Guar- anteed Rate. "It's now entirely possible for us to qualify buyers for their dream home by the time they leave the open house. Agents submitting an offer at 8:30 p.m.? Our sales team can get the preap- proval out at 8:35, away from their desks, all within this robust tool that will help them hustle smarter for our partners and deliver contract-winning speed to our amazing customers." Loan officers understand that business rarely happens on a regular schedule and that their customers as well as business partners have needs beyond any traditional 9-to-5. "Guaranteed Rate is dedicated to developing incredible Fintech solutions that make a real difference for our Loan Officers," said Ramesh Sarukkai, Guaranteed Rate's Chief Product and Technology Officer. "We invented the industry's first digital mortgage, here comes its wireless remote." Guaranteed Rate's new PowerVP mobile app allows them to ditch their desktops so that they can double pro- duction, meet with more partners out in the community, and progress loans while keeping in constant contact with custom- ers from anywhere, at any time. This includes actions such as: » Creating a new loan » Inviting customers to complete a digital mortgage » Sending a one-click conditional ap- proval letter » Locking in rates » Obtaining real-time pricing » Running automated underwriting » Getting instant access to pipelines and contacts » Running a credit report » Verifying property details » Accessing a summary of all loan details "Happy clients are my number-one priority," said Jennifer Beeston, SVP and Branch Manager of Mortgage Lending. "PowerVP lets me take it to the next level by enabling me to help my clients no matter where I am. They get what they need to win, and I get my life back." LOANLOGICS' IDEA ONDEMAND AND LOANBEAM TAX SOLUTIONS INTEGRATE WITH FINASTRA MORTGAGEBOT F inastra and LoanLogics an- nounced that LoanLogics' IDEA OnDemand and LoanBeam Tax solutions have been integrated with Finastra Mortgagebot. The integration of LoanLogics' IDEA OnDemand, a cloud-native digital assis-