AI-powered digital lending technology provider Tavant has launched a new offering for Encompass, the digital lending platform of Ellie Mae.

Dubbed FinDecision, the new product is a condition management and decisioning platform and will be incorporated into Encompass.

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The platform offers an automated, one-click approach to achieving loan fungibility across agency Automated Underwriting Systems (AUS) and private investors.

It uses machine learning and automation to submit loan data to underwriting systems to identify the availability of a range of benefits for borrowers.

The platform automatically analyses each loan file to verify eligibility for appraisal waiver and collateral, income, asset representation, and warranty relief benefits.

Tavant product head Abhinav Asthana said: “Our solutions provide loan officers and back-office teams with data and augmented intelligence and making it effortless to deliver the best possible borrower experience while maximizing loan performance in the secondary market.

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“FinDecision provides Ellie Mae Encompass lenders more transparency, allowing them to identify the loan that is most favourable to their borrower while cutting costs and closing loans faster.”

FinDecision is powered by Tavant’s AI-powered digital lending suite named VΞLOX, which is meant to improve loan quality and overall borrower experience.

VΞLOX maximises the use of data-driven processes in the automation of loan origination lifecycle.

FinDecision is the latest addition to the digital lending suite, which already includes other modules like FinLeads, FinXperience, FinCapture, and FinConnect.