New portal designed to give brokers an automated lending process
Non-QM lender Arc Home has expanded its wholesale operations by launching a new broker platform.
The non-agency wholesale and correspondent lender said Thursday that it partnered with fintech company Tavant to deploy the new automated platform for its broker clients.
According to its release, the broker portal enables Arc Home to “provide a fully automated lending process, including integrated third-party services and data-driven processes to ensure a more intuitive experience for brokers, boosting productivity and reducing loan cycle times.”
“At Arc Home, we have aggressive plans to accelerate growth in our wholesale lending channel, and our partnership with Tavant to enhance our new broker platform has put us on the right trajectory towards accomplishing these goals,” said Nazim Ahmed, chief information officer of Arc Home. “Brokers require and deserve an excellent service experience and need partners that enable them to operate with speed and efficiency. Today’s brokers have a different mindset – they not only understand technology but also embrace and demand it, which translates to a better experience for both the broker and the borrower. Tavant is equally committed to our success, and we consider them an extension of our team. Together, we have taken great strides to advance our digital lending capabilities, enabling brokers to operate quickly and efficiently while effectively managing their entire loan pipeline.”
Read more: Arc Home’s new non-QM regional VP shares his thoughts on the market
“Our goal is to enable organizations, like Arc Home, to thrive in the wholesale business,” said Tavant chief revenue officer Hassan Rashid. “Our Touchless Lending platform alleviates several broker-specific challenges and improves its overall borrower experience, enabling Arc Home to continue its rapid expansion while helping brokers reduce turnaround times for closing loans.
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