Xpanse LLC is a technology-driven company founded in 2020, dedicated to transforming the mortgage industry through data, artificial intelligence , and automation. By integrating advanced technologies, Xpanse aims to enhance loan origination and servicing systems, optimizing the lending process for businesses of all sizes. Operating with the agility of a startup while leveraging deep industry expertise, Xpanse offers cutting-edge solutions that streamline workflows, forecast market trends, and identify key borrower opportunities.
Key Features and Functionality:
- Podium™: An intelligent order management platform that centralizes interactions between lenders and service providers, enabling data-driven decision-making. Podium allows users to place, track, and manage orders for title, close, appraisal, and tax services while monitoring provider performance in real-time through customizable Service-Level Agreement scorecards. It also offers configurable workflows and secure transactions, ensuring customer data isolation backed by SOC 2 certification.
- DASH: An AI and machine learning-powered document automation platform that automates the classification and extraction of data from documents. DASH processes over 50 million pages per month for a top 5 lender, handling approximately 25 pages per second with a 95% accuracy rate. It offers low-code/no-code capabilities to add, train, and edit document templates, types, and data points, optimizing workflows with end-to-end document automation. , [xpanse.com]
- Data Advisory Services: Xpanse provides data advisory services aimed at helping businesses leverage cloud data to transform their operations. These services focus on enabling organizations to utilize data effectively for strategic decision-making and operational improvement.
Primary Value and Solutions:
Xpanse's solutions address critical challenges in the mortgage industry by enhancing operational efficiency, reducing processing times, and improving decision-making through data-driven insights. Podium has demonstrated the ability to reduce the average time to close by 5–7 days, improve pull-through rates by 6.75%, and decrease the cost per loan by 12 basis points. DASH streamlines document processing tasks, significantly reducing manual effort and increasing accuracy. By integrating AI and automation, Xpanse empowers lenders and servicers to offer more efficient mortgage processes, ultimately providing a better experience for borrowers. , [chatsheet.com]
