Tavant Technologies (www.tavant.com), a leading provider of collaborative
commerce and strategic IT solutions, is the go-to company major U.S. mortgage companies rely upon for their most coveted goal: shortening
the total cycle time for mortgages. Tavant’s Lending Life Cycle Management application enables mortgage companies to dramatically shorten the entire loan process using ILOG JRules, the market’s leading business rule management system (BRMS).

Tavant has streamlined the retail and wholesale loan-clearing process
applied by mortgagers. Although every loan application must pass
through a series of routine compliance checks, special attention is given
to delivering the right product to each customer. Tavant enables their
clients to combine the cost-saving benefits of automation with the customer-
retaining work possible only with customization.

The Tavant application uses ILOG’s BRMS to fully automate the process for underwriting and approving loans. The BRMS also centralizes the business rules that comprise the solution’s decision logic, making them easier to update and share acrossthe enterprise. Fully automated, a mortgage company’s loan process greatly increases efficiency for a significantly shorter average clearing time, and frees underwriters to concentrate on exceptional cases. “ILOG JRules allows us to offer our customers the best possible solutions for their loan processing needs,” says Srinivas Narayanan, senior architect at Tavant. “ILOG JRules lets us create custom rule management solutions that shorten cycle times and eliminate
errors.”

source : Ilog