That means lenders and servicers that are members of the group have access to Black Knight’s solutions at preferred rates.
“Black Knight is renowned in the industry for its innovative and transformative technology,” says Jim Park, chief executive officer of the Mortgage Collaborative, in a release. “We’re thrilled to have the company join our preferred partner network and offer such best-in-class products to help our member lenders manage their operations more effectively.”
Black Knight’s solutions help mid-market lenders significantly reduce origination costs while driving greater efficiencies in the loan production process.
The company offers a best-in-class, scalable loan origination system; machine-learning capabilities to read and index documents to help process more loans at scale; client-configurable compliance testing available within the workflow; and advanced business intelligence for actionable insight into operations.
The software firm also offers a comprehensive fee service used to minimize costly fee cures related to the Loan Estimate and Closing Disclosure; product pricing and eligibility software to help lenders deliver competitive products at the best price; and e-closing and e-sign solutions that help lenders systematically determine the best way to close each loan.
“Both the Mortgage Collaborative and Black Knight are focused on helping lenders reduce their costs to originate and sharpen their competitive edge,” says Tyler Sherman, chief revenue officer for the Black Knight Origination Technologies division. “Black Knight becoming a part of the Mortgage Collaborative’s network reinforces our mutual commitment to transforming the industry with innovative solutions and powerful insights to help drive efficiencies and improve ROI.”