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Black Knight Financial Services (BKFS) has announced the introduction of LoanSphere, a platform of integrated technology, data and analytics that supports the mortgage and home equity loan lifecycle—from origination to servicing to default. Black Knight's LoanSphere platform will significantly change the traditional business model by fully integrating all origination and servicing functions for mortgage, home equity loans and lines of credit (HELOCs) through business process automation, workflow, configurable rules and integrated data. This innovative solution will provide:
►Greater end-to-end connectivity that enables loan data exchange from function to function across the entire loan lifecycle without the need to rekey information in separate systems for greater efficiency and reduced errors
►The ability to link loan and borrower data from Black Knight's LoanSphere applications with public records and third-party data using the LoanSphere Data Hub for faster, more accurate analysis; better decision-making; improved efficiency; and increased transparency into previously unavailable insights
►A common look and feel across all LoanSphere applications to make training easier for clients' employees and improve their ability to support multiple functional areas with limited additional system training
►Direct access to linked data and a full suite of data and analytics products from within the LoanSphere platform—including origination, servicing and default applications—enhances decisioning capabilities and improves quality of processes
"No other company can deliver LoanSphere's proven, innovative solutions and insightful data across every aspect of the loan lifecycle," said Black Knight CEO Tom Sanzone. "Integrating our comprehensive capabilities under LoanSphere offers our clients tremendous possibilities for enhancing efficiency, reducing risk and improving financial performance through cost savings and business growth."