Tavant FinConnect
Tavant FinConnect
A mortgage process involves processing, underwriting, closing, and loan servicing. Since this involves a lot of infrastructure requirements, mortgage bankers or lenders seek the services from third-party service providers. Tavant FinConnect is a mortgage processing model for all the digital needs, which integrates the entire lending process. FinConnect provides secure integrations for connecting customers (mortgage bankers or lenders) with third-party service providers.
FinConnect develops applications to connect to the third-party service providers to handle the service request from the customers. FinConnect processes the customer request, generate the service provider request in their specific format, and takes the response from the service providers to send it back to the customers.
In certain cases, the lender requirement is to get the transformed request back from FinConnect, instead of sending it to the service providers.
To get the transformed request from FinConnect, the lender sends an API request to FinConnect. In the request header, the attribute exportServiceProviderRequest is sent, with the value set to ‘true’. If exportServiceProviderRequest is 'true', FinConnect will not make a service provider call instead FinConnect internally renames the operation type as serviceProviderRequest and transforms the request into MISMO ULAD XML format. The attribute x` in the transformed MISMO ULAD XML request is updated to serviceProviderRequest. This service provider request is sent as response to the lender.
Note: The objectName in the transformed MISMO ULAD request will remain the same for any multipart request.
The Request Export feature supports synchronous communication.
FinConnect accepts SingleIn-SingleOut (SISO) request for the Export service.
FinConnect’s Single in Single out (SISO) is a request structure based on the latest 3.4 schema released by MISMO. A SISO structure enables the user to send a single 3.4 JSON request file to FinConnect which is used for connecting to multiple service providers. For example, if a lender submits a SISO file to FinConnect with the ULAD datapoints and extensions with the product code for FC LPA 3.4, then FinConnect has the capability of filtering out any unwanted data-points, extensions, or enumerations that are not applicable for LPA 3.4. Only the required and acceptable data are sent to Freddie Mac LPA 3.4 system after the transformation for the underwriting process. Similarly, the same request with a change in the product code can be submitted for DU 3.4.
All the connectors or service providers which comes under the FinConnect MISMO 3.4 request and response structure are supported under SISO.
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