Skip to main content

Black Knight Unveils Regulatory Assist Solution

Phil Hall
Oct 21, 2019
Black Knight has announced that industry veterans Richard Lombardi and Kevin Hughes have joined the company’s Data & Analytics organization

Black Knight Inc. is now offering its Regulatory Assist solution, which is designed to work with both the Black Knight Empower loan origination system and other loan origination in streamlining compliance-testing process.
 
According to the Jacksonville, Fla.-based company, Regulatory Assist is a centralized rules engine that can perform a broad scope of both state and federal loan-level compliance validation tests at greater speeds. As a result, clients can to run "lights-out" validations based on the client's configuration, with no manual intervention by leveraging the Empower Orchestration Engine, or run specific regulatory tests from a "Quick Select" screen. Regulatory Assist displays an overall risk level and other important messages to assist clients with understanding test results while alerting lenders when actions may be required. Test results are saved as a PDF and stored in the Empower document repository for future reference.
 
"Black Knight offers several services today to support our clients' compliance requirements, and we are excited to expand that support with the launch of Regulatory Assist," said Rich Gagliano, president of Black Knight Origination Technologies. "Compliance testing can add significant time and cost to the loan origination process. By embedding state and federal compliance checks in the origination process via Empower, Regulatory Assist will significantly streamline loan-level testing, which can result in reduced operational costs."

 
Published
Oct 21, 2019
More from
Tech
E-Closing Technology: Norcom Mortgage’s Implementation Lessons

Norcom Mortgage outlines its implementation lessons learned as the company transitioned to its digital experience.

Tech
Sep 17, 2021
New York Community Bank Creates Groundbreaking Digital Payment Process

Now Figure Technologies Inc. can conduct real-time secondary trading in digital shares of its stock by utilizing Figure’s alternative trading system (ATS) that operates on Provenance Blockchain.

Tech
Sep 14, 2021
NAMB Partners With Dell Technologies

Offers Discounts To Members To Help With Technology Upgrades

Tech
Sep 13, 2021
Notarize And Snapdocs Announce Partnership

Notarize and Snapdocs, Inc. entered a partnership in which brings two digital closing companies together in hopes to further streamline the closing process.

Tech
Sep 09, 2021
Hold The Phone: Agile Formally Launches Platform For TBA MBS Quotes

Trade Auction Manager Allows Small to Mid-Size Broker Dealers To Quote Digitally

Tech
Sep 09, 2021
SimpleNexus Approved As eClosing Solution Provider For Both GSEs

SimpleNexus, a homeownership platform developer, is now a Fannie Mae- and Freddie Mac-reviewed eClosing solution provider.

Tech
Sep 07, 2021