Have the flexibility to go beyond encompass

Vaultedge Income Analyzer vs Tavant Velox

Choose Vaultedge and give your team the flexibility of customization

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Used by the leading
Mortgage companies

What is Tavant ?

Tavant is a digital products and platform company that provides its services across various industries like - finance, mortgage, banking, manufacturing, media, gaming, and retail.

How does Tavant offer income analysis?

Tavant has a partnership with Loan Beam. LoanBeam’s APPSolute™ suite of automated income analysis tools is now integrated with Tavant’s FinConnect, helping lenders close loans faster by standardizing and streamlining the application process, removing human error, increasing transparency, and improving accuracy.

What is Tavant Finconnect Suite?

FinConnect is a component of Tavant’s AI-powered digital lending suite of products — VΞLOX — that seamlessly connects the internal and external systems of the mortgage ecosystem.

How is Vaultedge Income Analyzer different from Tavant Income automation solution?

Vaultedge Income Analyzer is built on top of the industry’s leading and most accurate OCR product - Vaultedge Mortgage Automation. Coupled with human-in-the-loop quality checks, you get the most accurate income calculations possible.

There are 2 key differences between both the solutions

Document Support

Tavant Using Loanbeam services have some limitations. Loanbeam can support a limited set of mortgage document types for income calculation and the user can only upload PDF and TIFF formats.

Vaultedge support all mortgage document types outlined in the FNMA, FHLMC, and FHA guidelines. It can automatically index mortgage origination documents and map them back into you LOS

Affordable Pricing

Vaultedge Income Analyzer costs just $10 per loan for W2 and $20 per loan for self-employed, upto 100 pages with $0.20 per additional page. So for a 100-page self-employed loan file, you are just paying $20.

Tavant Income solution or Loan Beam does not publish pricing on their website, You can contact them to know more about the pricing.

Comparison

A simple feature comparison table between Vaultedge & Tavant’s Income calculation partner LoanBeam

Capabilities

Vaultedge

LoanBeam

Human-in-the-loop Machine Learning

Implementation in production

Implementation in 4 weeks flat

Unknown

Financial calculation including cash flow analytics

API integration to LOS available

Can be used stand-alone without integration,

Unknown

Encompass Integration

Identify missing documents from a package

Spot inconsistencies between multiple documents

End to End Decision making

Users can override data in case of any discrepancy

Supported Income Types

All income type outlined in the FNMA, FHLMC, and FHA guidelines

Supports a limited set of mortgage document types

Pricing

Automated Income Calculation

For W2 - $10 per loan
For Self-employed
‍-$20 per loan
No hidden charges

Not available on website

GSEs Guideline Compliance

Fannie Mae Form 1084

Freddie Mac Form 91

Human-in-the-loop Machine Learning

Implementation in production

4 weeks flat

Financial calculation including cash flow analytics

API integration to LOS available

Can be used stand-alone without integration,

Encompass Integration

Identify missing documents from a package

Spot inconsistencies between multiple documents

End to End Decision making

Users can override data in case of any discrepancy

Supported Income Types

All income type outlined in the FNMA, FHLMC, and FHA guidelines

Pricing

Automated Income Calculation

For W2 - $10 per loan
For Self-employed
‍-$20 per loan
No hidden charges

GSEs Guideline Compliance

Fannie Mae Form 1084

Freddie Mac Form 91

Human-in-the-loop Machine Learning

Implementation in production

Unknown

Financial calculation including cash flow analytics

API integration to LOS available

Can be used stand-alone without integration,

Unknown

Encompass Integration

Identify missing documents from a package

Spot inconsistencies between multiple documents

End to End Decision making

Users can override data in case of any discrepancy

Supported Income Types

All income type outlined in the FNMA, FHLMC, and FHA guidelines

Supports a limited set of mortgage document types

Pricing

Automated Income Calculation

Not available on website

GSEs Guideline Compliance

Fannie Mae Form 1084

Freddie Mac Form 91

Featured In

What clients say about us

" We used Vaultedge to automate the indexing of loan documents that we receive from all our lender partners, amounting to more than a million documents every month. This enabled us to move 70% of people from Document Recognition to other processes."

Michael Kittyle

CIO, BSI Financial Services

Read case study

" Vaultedge automatically indexes our Mortgage documents and extracts 300 data fields from them, enabling us to save 80% of Post Close Audit process time. Vaultedge is helping us improve our Time to Close and Cost to Close metrics."