Hemanthkumar Jambulingam:
Disrupting the Mortgage Industry with a ‘Digital First’ Approach
● Artificial Intelligence has reached the shores of antiquated industries like mortgage lending. It is bringing about a digital transformation of the sector. One of the individuals disrupting the industry with innovative products is Hemanthkumar Jambulingam.
Professional journey up until now.
● Hemanthkumar is the Director of Product Management at Tavant. Tavant is a digital products and platform company that provides impactful results to its customers across North America, Europe, and Asia-Pacific.
● It is creating an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operations efficiencies, and improving collaboration.
Challenges Hemanthkumar Jambulingam face along the way
The mortgage industry, and more specifically, loan origination is an archaic, traditional, decades-old, legacy process. Years have passed, but the process and procedures remain the same with operational staff still following the processing steps defined as legacy. With Touchless Lending’s Decision Analysis product, they focused on a specific process area. they disrupted the end-to-end Automated Underwriting System (AUS) ordering, handling, and post-processing activities for the government agencies.
Significant impact brought to the Mortgage industry
● As a director product manager at Tavant, I have been fortunate to manage several products in Tavant’s Touchless Lending® platform.
● This AI-Powered Lending-as-a-Service platform provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline.
● Loan officers, processors, and underwriters utilize Touchless Lending’s optimized workflows to engage with data and make decisions faster, instead of relying on physical documentation and manual data entry.
