Black Knight Rolls Out New Version Of Empower Geared For Smaller Lenders

Black Knight Financial Services wants lenders to “grow up” on its loan origination system (LOS).

As such, the mortgage software, data and analytics firm has launched a new version of its LoanSphere Empower LOS that gives small to midsize lenders many of the same features and capabilities delivered via its enterprise version, only at a lower cost and with faster deployment.

The new version, dubbed Empower Now!, includes an integrated digital technology, business intelligence solutions, e-sign and e-deliver capabilities, data and analytics tools, and standard integrations to third parties. Streamlined deployment means it can be installed in less than half the time of a standard Empower implementation, Black Knight says in a release.

“Historically, regional and mid-market lenders have selected an LOS to meet their immediate needs, knowing that they may eventually need a different solution to accommodate future growth,” says Jerry Halbrook, president of Black Knight’s Origination Technologies division. “Then, as they expanded, these lenders had to migrate to a new system to meet the more robust requirements of their growing business and scalability needs.

“With Empower Now!, lenders that are on a growth track can add new features and business channels without having to implement a new system,” Halbrook says. “As a result, regional and mid-market lenders can access the same world-class origination technology capabilities as larger lenders, with an affordable financial investment and a considerably shorter implementation timeline.”

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