Skip to main content

KeyBank Mortgage to Utilize LOS From BKFS

NationalMortgageProfessional.com
Aug 11, 2015
Black Knight Financial Services Inc. (BKFS) Logo

Black Knight Financial Services Inc. (BKFS) has announced that KeyBank has selected Black Knight's Empower loan origination system (LOS) to support KeyBank Mortgage's expanding operations.

"We are building our residential mortgage business around everything we know about customer satisfaction so we can help our customers to make confident decisions when they select a mortgage," said Mark Danahy, president of KeyBank Mortgage. "Our customers want banking to be easy and straightforward, and obtaining a mortgage is no exception. Black Knight's suite of products has the flexibility and ability to integrate with additional solutions to support the mortgage origination process. This means we can efficiently expand our retail mortgage business with a streamlined process that provides great customer service."

Empower offers a task-based engine to automate the various processes involved in originating a loan, which will help KeyBank Mortgage increase the productivity of its retail operations and decrease risk by minimizing the number of manual processes, helping to reduce the overall cost per loan. Empower is available as both an ASP- and lender-hosted, Web-based loan origination solution that supports retail, wholesale and consumer direct channels and helps lenders electronically capture, process and close loans.

KeyBank will also implement Exchange, an open technology platform that provides integration, data management, decisioning support and workflow management through a 24/7 data exchange that connects more than 17,000 of the mortgage industry's service and solution providers. Exchange is available through RealEC Technologies, a division of BKFS.

"We are pleased that KeyBank Mortgage has selected Empower to help expand its operations and provide great service to its customers," said Jerry Halbrook, president of the Black Knight Origination Technologies division. "Black Knight is proud to offer a full range of origination technologies and analytic tools to help lenders grow and protect their businesses."

More from
Tech
The New URLA – What’s the Big Deal?

Lenders will need to update their technology stack to comply with the redesigned URLA.

Regulation and Compliance
Jun 14, 2021
LoanMonkey President Ashwin Dayal To Appear On The Mortgage Leadership Outlook

LoanMonkey's president joins Andrew Berman, NMP and Tim Nguyen, BeSmartee CEO as they discuss Dayal's career in the tech start-up space and more.

Tech
Jun 14, 2021
ICE Mortgage Technology Acquires eVault Tech From DocMagic

ICE Mortgage Technology will integrate newly acquired eVault technology into its Encompass eClose platform.

Tech
Jun 14, 2021
ATTOM Unveils New Cloud-Based Platform With Direct Access To Its Data

ATTOM is making it easier for financial institutions to access its data through a new cloud-based platform.

Tech
Jun 09, 2021
AmeriSave Taps DocMagic Technology To Scale Operations

AmeriSave is turning to DocMagic Technology to help scale the company's operations, elevate the borrower experience and maximize productivity.

Tech
Jun 09, 2021
Cook County Treasurer Tool Compares Debt Burden To Home Value

Data shows heavier debt burden falls on less affluent suburbs.

Tech
Jun 08, 2021