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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