Black Knight Buys LOS Tailored to Mortgage Brokers


Black Knight Inc. says it has acquired a cloud-based loan origination system (LOS) from NexSpring Financial LLC that it will add to its to end-to-end mortgage technology ecosystem to better serve mortgage brokers.

The platform will be integrated into the Black Knight Empower LOS, so brokers using the new digital lending platform and wholesalers using Empower will benefit from a more streamlined and connected experience, the company says. Integrations with Black Knight’s suite of origination performance solutions are also planned: a single point to order services and obtain fees, compliance validation testing, actionable data and analytics, and Black Knight’s Optimal Blue Loansifter product, pricing and eligibility engine (PPE).

“This broker-specific digital lending platform enables these entrepreneurs to benefit from many of the same powerful capabilities used by large lenders on a platform that meets their own unique needs and can easily scale as their business expands,” explains Anthony Jabbour, CEO of Black Knight.

The platform – which also features a mobile-friendly application – is designed for entrepreneurial originators looking for a better and more efficient way to originate loans. A seamless on-boarding process provides credentials in just minutes, so users can quickly start increasing their productivity with the platform’s dynamic toolset. This easy-to-use digital lending platform supports collaboration between all stakeholders in the origination process – borrowers, processors, brokers and real estate agents – by enabling them to collaborate securely on the same loan platform.

The platform is highly configurable and allows for rapid deployment of new business rules into production in a highly transparent and controlled way, Black Knight says. Users can also leverage proprietary content management system-enabled marketing tools, which can be accessed via a drag-and-drop lead form generator with embedded analytics.

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