PRMI Cuts Mortgage Underwriting Time by 67% with Tavant’s AI Platform
Event summary
- PRMI deployed Tavant’s TOUCHLESS® AI Mortgage Automation Platform across all 150+ branches nationwide.
- Underwriting time reduced from 3 hours to under 1 hour per loan, a 67% efficiency gain.
- Central processing and underwriting saw 75% operational efficiency improvements.
- TOUCHLESS® enabled exception-based review for underwriters, focusing on high-risk scenarios.
The big picture
The deployment of Tavant’s TOUCHLESS® platform at PRMI highlights the accelerating adoption of AI-driven automation in mortgage lending. As lenders face pressure to reduce costs and improve processing times, AI solutions that streamline workflows and enhance accuracy are becoming critical. PRMI’s reported efficiency gains suggest that AI automation is no longer just a competitive advantage but a necessity for scaling operations in a tightly regulated industry.
What we're watching
- Scalability Challenges
- Whether PRMI can sustain these efficiency gains as loan volumes increase and product complexity grows.
- Competitive Differentiation
- How Tavant’s TOUCHLESS® platform will position PRMI against competitors in the mortgage lending space.
- Regulatory Compliance
- The pace at which Tavant can adapt TOUCHLESS® to evolving compliance standards and GSE expectations.