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Black Knight Financial Upgrades Its LoanSphere Empower LOS

NationalMortgageProfessional.com
Jul 21, 2016
Black Knight Financial Services (BKFS) has announced that it has made significant enhancements to its LoanSphere Empower loan origination system (LOS) to provide expanded support for home equity loans (HELOANs) and home equity lines of credit (HELOCs)

Black Knight Financial Services (BKFS) has announced that it has made significant enhancements to its LoanSphere Empower loan origination system (LOS) to provide expanded support for home equity loans (HELOANs) and home equity lines of credit (HELOCs). These enhancements add new capabilities within Empower to provide a more robust, streamlined end-to-end home equity application and fulfillment process, resulting in greater efficiencies for lenders.

Empower supports retail, wholesale and consumer-direct lending channels, and delivers the functionality to electronically capture and process data for every facet of the loan origination process. The new enhancements to Empower include a configurable rules engine that automates the underwriting credit-risk assessment process, as well as a product and pricing engine that offers added flexibility and greater functionality.

"We significantly expanded Empower's home equity capabilities to deliver robust end-to-end support for both closed-ended and open-ended home equity products," said Jerry Halbrook, president of Black Knight's Origination Technologies Division. "Using Empower, lenders can consolidate the origination of real estate-secured products onto one technology system, helping them gain greater insight into loan opportunities and risks, simplify their compliance efforts, and reduce the costs associated with maintaining disparate systems."

Published
Jul 21, 2016
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