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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Black Knight Inc | NYSE:BKI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 75.76 | 0 | 01:00:00 |
“We are pleased to work with Black Knight, a best-in-class provider, to deliver a seamless digital home buying experience to our clients,” said David Smith, head of Originations Operations for CitiMortgage. “The advanced capabilities and scalability of Black Knight’s Empower LOS will provide deep operational insight, enhancing our focus on quality, efficiency, and risk management.”
To support Citi’s origination requirements, Black Knight will be adding correspondent lending capabilities to the system. The enhancements will allow the Empower LOS to perform all correspondent loan origination, delivery and purchasing activities within the system – helping to standardize operations, enhance data integrity and provide tools to streamline process and compliance. The Empower LOS will also support correspondent lending functions, such as loan registration, data and document integration, status, and condition management and funding.
CitiMortgage will also use Web Application Programming Interfaces (APIs) to access data and documents contained in the Empower LOS to provide borrowers with an enhanced digital experience. The Empower LOS features a task-based workflow orchestration engine that automates the processes necessary to originate a loan with a high level of efficiency. Along with the Empower LOS, Citi will be using the following Black Knight solutions, which are integrated with the LOS:
By using Black Knight software solutions across the mortgage loan life cycle from origination through servicing, CitiMortgage will be a Black Knight enterprise client. By gaining business process automation, workflow, rules, and integrated data throughout the loan process, Black Knight enterprise clients can help reduce risk, improve efficiency and drive financial performance.
CitiMortgage will also have the option to leverage additional solutions integrated within the Empower LOS, such as LoanSphere Expedite and Black Knight Property Tax. LoanSphere Expedite, a suite of services that enables consumers to electronically view and access data and documents during the mortgage origination process, includes an electronic closing network that helps lenders, settlement agents and title underwriters to collaborate quickly, easily and securely. Black Knight Property Tax is an on-demand solution that delivers reliable tax estimates for properties nationwide, helping lenders reduce the costs and challenges associated with procuring property tax data; supports the entire origination life cycle.
“As part of Black Knight’s commitment to innovation, we were able to advance the Empower LOS’ capabilities to help Citi streamline its loan processing through a single platform,” said Rich Gagliano, president, Black Knight Origination Technologies. “By enhancing the Empower LOS to accommodate all lending channels, Citi can also better support the customer experience with one convenient source for all lending functions -- from point-of-sale to post-closing.”
About LoanSphere LoanSphere is Black Knight’s premier, end-to-end platform of integrated technology, data and analytics supporting the entire mortgage and home equity loan lifecycle – from origination to servicing to default. The platform delivers business process automation, workflow, rules, and integrated data throughout the loan process, providing a better user experience, cost savings and support for changing regulatory requirements. By integrating lending functions and data, Black Knight’s LoanSphere helps lenders and servicers reduce risk, improve efficiency, and drive financial performance.
Clients that use multiple LoanSphere offerings, such as the Empower and/or LendingSpace loan origination systems, Exchange and MSP, are considered Black Knight enterprise clients and can realize exponential value from the integration of these technologies, as well as the utilization of Black Knight’s comprehensive data and analytics.
About Black KnightBlack Knight (NYSE:BKI) is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle.
Black Knight is committed to being a premier business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services and insights with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight, please visit www.blackknightinc.com.
For more information:
Media contact: Michelle Kersch 904.854.5043 michelle.kersch@bkfs.com
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