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Carrington Mortgage Services To Implement Black Knight's Origination Solutions

NationalMortgageProfessional.com
May 05, 2020
Black Knight has announced that industry veterans Richard Lombardi and Kevin Hughes have joined the company’s Data & Analytics organization

Black Knight has announced that Carrington Mortgage Services has signed an agreement to utilize a comprehensive suite of Black Knight origination solutions, incuding the Empower loan origination system (LOS)—as well as other Black Knight applications—to help improve operational efficiency, reduce risk and enhance the customer experience.
 
Black Knight has announced that Carrington Mortgage Services has signed an agreement to utilize a comprehensive suite of Black Knight origination solutions"Black Knight's origination solutions suite features the advanced functionality necessary to support straight-through loan processing, which will help us be more productive and, most importantly, better serve our customers," said Brent Rasmussen, executive vice president and chief information officer for Carrington Mortgage Holdings. "Black Knight has best-in-class solutions and a commitment to innovation that will enable us to further streamline the loan process for our customers and operations, as well as support our future growth plans."
 
Carrington will use Empower to support its retail, wholesale and correspondent channels, helping to electronically capture, process, underwrite and close loans on a single platform. The Empower system's advanced capabilities are designed to automate processing of certain tasks based on the lender's configuration without the need for constant human intervention. The LOS actively monitors for key data changes–or lack of necessary changes–and triggers automated or manual tasks to be completed based on configurable logic, when appropriate.
 
Carrington will also use Black Knight's Fee Monitoring Service, which minimizes costly fee cures by helping to provide accurate recording fees, transfer taxes, and property tax, title, settlement and inspection data.
 
To gain maximum visibility into its operations, Carrington will also implement Black Knight's Actionable Intelligence Platform (AIP), data-delivery framework that combines Black Knight's extensive data assets, big data ecosystem and enterprise business intelligence capabilities into a single solution. Using an array of pre-configured suites, Black Knight's AIP helps both lending and servicing clients gain and retain customers, reduce risk and decrease operational costs.
 
"We are excited to support Carrington Mortgage Services' unique business," said Joe Nackashi, president of Black Knight. "By leveraging multiple integrated Black Knight solutions, Carrington Mortgage Services will gain significant value to help drive growth, and enhance the experience for its retail, wholesale and correspondent customers."

 
Published
May 05, 2020
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