Black Knight and Lender Price are launching an outlet

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  • Black Knight’s LoanSphere Empower LOS will be seamlessly integrated with Lender Price’s point-of-sale (POS) product to enable customers to offer consumers the ability to apply for loans from almost any mobile device.
  • Integration with Lender Price will support a comprehensive digital strategy, including access to income and asset validation services, as well as the ability to pre-populate loan application data from origination and service, such as Empower and LoanSphere MSP, as well as Black Knight’s extensive public records database.

JACKSONVILLE, Fla., April 24, 2017 (GLOBE NEWSWIRE) — Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of technology, data and analytics for the mortgage industry, announced that he was working with Lender Price to offer a customer-facing interface that will provide a digital loan application process. Through Black Knight’s integration with Lender Price‘s advanced digital user interface and other features, customers of Black Knight’s LoanSphere Empower Loan Origination System (LOS) can now offer their clients the ability to request an online loan from virtually any mobile device.

“Black Knight is a true innovation partner who shares our ideals of providing lenders with the technologies needed to meet the changing needs of today’s home buying market, while remaining both competitive and compliant,” said Dawar. Alimi, co-founder and CEO of Lender Price.

“Black Knight considered several options and we believe Lender Price was the best choice to meet our customers’ needs and advance our solutions,” said Jerry Halbrook, president of Black Knight’s Origination Technologies and Enterprise Business Intelligence divisions.

Lender Price’s digital loan application interface, which can be customized and configured to each lender’s specific requirements, is integrated with Black Knight’s Empower LOS to support a dynamic and accessible loan origination process. The digital interface helps lenders:

  • Provide consumers with the ability to complete a digital loan application using their mobile device, which is fully integrated with the Empower LOS platform.
  • Offer a voice-enabled loan application solution that can ask consumers questions in multiple languages.
  • Provide real-time product eligibility, interest rates and fees.
  • Secure credit, income and asset verification through a combination of Black Knight’s LoanSphere Exchange technology and proprietary integrations provided by Lender Price.
  • Verify ownership and tax details using Black Knight’s extensive public records database or by leveraging the Black Knight Data Hub, which collects, aggregates and links the Black Knight app and proprietary industry data to provide a holistic view of a client’s loans.
  • Get property valuations using a Black Knight Automated Valuation Model (AVM), which has been tested for accuracy and reliability.
  • Upload documents from any mobile device using Optical Character Recognition (OCR) technology and index those documents in Empower LOS.

“The addition of a powerful, consumer-oriented digital user interface is a huge breakthrough in advancing our digital strategies and creating more competitive advantages for our customers,” said Halbrook. “Combining the comprehensive technology capabilities of Black Knight’s Empower System with Lender Price’s advanced digital capabilities will accelerate time to market for our customers who are aggressively expanding into the digital marketplace and transform the user experience for their consumers. “

The integration of Black Knight and Lender Price capabilities can also support lead generation with existing customers. Linking a client’s property and borrower information from Black Knight’s Data Hub with a Black Knight AVM and Lender Price’s pricing, eligibility and product engine can help clients identify high-quality refinancing candidates from their loan portfolios. Details of the current loan to value ratio, recommended products and interest rates can be provided to help the loan officer present the benefits of refinancing to the borrower at the point of sale.

Empower’s seamless integration with Black Knight’s LoanSphere MSP service platform will provide customers with true end-to-end digital capabilities and loan support from origination to service and default. The MSP system is used to manage over 30 million active loans for many of the nation’s largest financial institutions and is scalable for any portfolio size.

About the lender price
Lender Price is a California-based big data technology innovator and developer of a digital mortgage platform, real-time competitive mortgage analytics, and product pricing and eligibility (PPE) solution complete with comprehensive mobile functionality and unprecedented business intelligence. With Lender Price, wholesale and correspondent lenders, banks and credit unions can confidently manage product pricing for all types of mortgages: conforming, non-conforming, non-QM and specialty lending, offering innovative features that include: built-in compliance checks, capital market tools, margin management, lock desk, custom workflows, and mobile functionality.

Lender Price allows lenders to focus on what they do best by removing the burden of technology development and management. For more information, visit http://lenderprice.com.

About LoanSphere
LoanSphere is Black Knight’s first end-to-end platform of integrated technology, data and analytics supporting the entire mortgage and home equity lending lifecycle, from inception to service through the default. The platform offers integrated business process automation, workflow, rules and data throughout the lending process, providing better user experience, cost savings and support for evolving regulatory requirements. By integrating loan functions and data, Black Knight’s LoanSphere helps lenders and managers reduce risk, improve efficiency and boost financial performance.

About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE: BKFS) is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many business processes throughout the mortgage lifecycle.

Black Knight Financial Services is committed to being a premier business partner that lenders and service providers rely on to achieve their strategic goals, achieve greater success, and better serve their customers by delivering technology, services and top-notch knowledge with an unrelenting commitment to excellence. , innovation, integrity and leadership. For more information about Black Knight Financial Services, please visit www.bkfs.com.


        
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