Black Knight has announced it has extended the
Homebot client engagement tool to mortgage and home equity lenders. The application is offered through a strategic alliance between Black Knight and Homebot, a fast-growing, privately held fintech company located in Denver. With the solution, lenders are able to continuously engage their client base–and enhance their borrower retention efforts–by providing valuable, actionable data on how to make smart home finance decisions to increase wealth.
Leveraging Black Knight’s nationwide, industry-leading property database and advanced analytics, the application delivers a highly personalized monthly report that helps homeowners understand when to refinance, draw a credit line, consider an investment property and more. The report is branded to the lender and includes such data as the homeowner’s current property value, available equity, potential property-investment income, and purchasing power for trading up to a new home–all in a clear, easy-to-understand format. Homeowners can connect to their lender for more information, resulting in a powerful client engagement tool. Additionally, the homeowner can share the application with friends and family–so they can also receive personalized reports, generating more potential leads for lenders.
“Homebot offers an affordable, automated and cutting-edge mobile tool that helps lenders re-engage their clients after a loan has closed,” said Black Knight Data & Analytics Group Executive and President Kevin Coop. “The solution, which helps support borrower retention, draws from Black Knight’s comprehensive repository of property and mortgage data, and applies advanced analytics, including our automated valuation models. Lenders use the Homebot solution to deliver reliable, timely and customized wealth-building information to consumers and strengthen their relationships with them.”
