Xpanse Podium is an intelligent order management platform that centralizes interactions between lenders and service providers, enabling data-driven decision-making through configurable workflows and automated provider allocation. It reduces average closing times by 5-7 days, boosts pull-through rates by 6.75%, and decreases costs per loan by 12 basis points.
Funding
$50M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Lenders often struggle with fragmented communication and inefficient workflows when interacting with various service providers during the loan origination process. This lack of centralization leads to delays, reduced pull-through rates, and increased costs per loan.
Solution
Xpanse Podium is an intelligent order management platform designed to centralize interactions between lenders and their service providers, streamlining the loan origination process. The platform offers configurable workflows that can be tailored to suit any lending operation, enabling data-driven decision-making through provider scorecards and automated provider allocation. By optimizing these interactions, Xpanse Podium aims to reduce the average time to close, boost pull-through rates, and decrease the overall cost per loan. The platform also integrates seamlessly with existing loan origination systems.
Target Audience
Xpanse Podium is designed for lenders seeking to streamline their loan origination process and improve collaboration with service providers.
Features
- Configurable workflows to suit various lending operations
- Provider service-level agreement (SLA) scorecards offering actionable insights
- Automated provider allocation based on performance and other criteria
- Seamless integration with existing loan origination systems (LOS)