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Amerant Mortgage, LLC, will now use Black Knight’s comprehensive loan origination system (LOS) with an innovative suite of origination solutions to further enhance and strengthen their operations. Amerant Mortgage will also use the Empower rapid implementation model, which is ideal for mid-sized lenders, a press release states.
Empower LOS electronically processes loans for retail and correspondent channels on a single platform. Its advanced capabilities use a "lights-out processing," meaning the automated processing of certain tasks requires minimal human intervention. Empower also tracks for key data changes and triggers automated or manual tasks to be completed based on lender-configurable logic.
Rich Gagliano, president of Black Knight Origination Technologies, said, "Empower's scalability and advanced functionality will support Amerant Mortgage's lending needs, while the added suite of origination solutions positions the organization to gain more efficient operations and deeper insight."
Amerant Mortgage will also use Black Knight's Seller Digital correspondent lending platform, which is integrated with Empower to help lenders track commitment pipelines, manage conditions, validate pricing to register, lock Best Efforts loans and allocate mandatory loans to commitments.
Additional capabilities are included with Empower LOS, such as Black Knight’s digital close solution, machine-learning technology, robust property tax data, automated compliance validation testing, and more.