CitiMortgage Shaking Up Its Technology

Citi is at the initial stages of pairing Black Knight’s LoanSphere Empower loan origination system with front-end solution LoanFx, from Digital Risk LLC, in order to deliver “a single digital platform for its clients.”

“With these best-in-class systems in place, we will revolutionize the experience we provide our clients, through every channel and product,” says CD Davies, head of CitiMortgage. “These agreements are another critical step toward making mortgage a key differentiator for our franchise and delivering the full power of Citi’s network to clients.”

Citi’s agreements with Black Knight and Digital Risk will enable the company to integrate its suite of mortgage products into a single platform. Mortgage clients will be able to navigate the full loan cycle – from research to closing – “through the channel of their choice and at their own pace.”

LoanFx automatically aggregates data such as income and asset information, enabling Citi to deliver digital disclosures, accelerate credit decisions and reduce cycle times. Empower offers various functionality, including integration with service providers for pricing, fees, compliance, appraisal, fraud and settlement services, paired with seamless workflow and fully automated processes, in many instances. Empower is already integrated with Cenlar, Citi’s subservicer.

Citi says it is beginning implementation immediately and expects full integration in early 2019.

LEAVE A REPLY

Please enter your comment!
Please enter your name here