Wolters Kluwer Financial Services (WKFS) has announced that it plans to make its Expere integrated document solution available with Empower, Black Knight Financial Services’ (BKFS) loan origination system, early next year. The integration will deliver Wolters Kluwer Financial Services’ compliant residential lending content from Expere to Empower to enable lenders to quickly implement their own loan documents to match their origination workflows.
The Expere integration with Empower, will be available for both Empower’s ASP and lender-hosted offerings, will help lenders address the critical challenge of staying compliant with continually evolving regulations across their residential loan portfolios. Expere’s dynamic content library is maintained and warranted by Wolters Kluwer Financial Services to help lenders generate accurate and compliant loan documents. Additionally, the integration will allow lenders to transfer data securely between both systems and customize documents to their origination workflows.
“Black Knight and Wolters Kluwer Financial Services have enjoyed a close, long-term relationship in support of our many mutual clients, and this integration further enhances our joint capabilities,” said Jerry Halbrook, president of the BKFS Origination Technologies Division. “Lenders will be able to make document changes as they are released and put them into production immediately.”
The integration will eliminate vendor change requests that are often required when capturing new document data. Now, lenders will be able to update documents through simple click-to-configure functionality, leveraging Black Knight’s data mapping tree tool. Once the documents are configured to a lender’s origination workflow, they will seamlessly integrate with Empower.
“Lenders are under significant pressure to maintain compliance with today’s fast moving regulatory environment,” said Art Tyszka, senior director and general manager of Residential Lending at WKFSs. “Our collaboration with Black Knight will tackle this problem by offering a seamless loan origination package to help lenders quickly respond to new regulations.”
