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- Tavant Launches LO.ai to Enhance Touchless Lending® Platform
Tavant Launches LO.ai to Enhance Touchless Lending® Platform
Slice of Finance Team
01 Nov
Key Highlights:
LO.ai enhances Touchless Lending® with generative AI to reduce sales costs and boost borrower confidence.
Improves lead conversion while reducing sales expenses by focusing skilled loan officers on complex deals.
Reduces onboarding time for new loan officers, expediting productivity.
Secure AI technology ensures data privacy and compliance with TILA RESPA, TRID, and agency guidelines.
Source: Business Wire
Notable Quote:
“We are committed to providing comprehensive AI solutions that drive enhanced performance, efficiency, and customer experience while significantly reducing origination cost and empowering and enabling borrowers.”
Our Take:
Tavant’s LO.ai release marks a significant milestone in digital lending, incorporating generative AI into its Touchless Lending® platform. By automating core sales processes, LO.ai supports lenders in reducing operational costs while fostering borrower confidence through data-driven insights and educational tools. The focus on compliant data security measures and regulatory adherence, such as TILA RESPA and TRID, reinforces Tavant’s commitment to innovation within a stringent regulatory framework. This release is likely to drive further adoption, particularly given that Tavant’s platform already underpins one-third of U.S. home loans, positioning the company as a formidable leader in AI-driven lending solutions.