Black Knight Inc. says its CompassPPE product, pricing and eligibility engine (PPE) is now available within its Empower loan origination system (LOS), enabling Empower clients to seamlessly access advanced lock and relock workflows directly from the LOS.
CompassPPE helps lenders reduce cost per loan and manual touch points through its automated locks; relocks; extensions; float-downs and concessions workflow; and exception-based processing. CompassPPE also features an intuitive, modern user interface and mobile-responsive design. Users can access the PPE’s complete pricing and locking capabilities from any device – desktop, tablet, smartphone or laptop.
Empower users also benefit from CompassPPE’s extensive API library; daily maintenance of pricing, guidelines, and adjusters for all top investors; mortgage insurance quote comparisons; live pricing; and more. Its easy-to-use administrative functions include the ability to make updates in bulk quickly and simply.
CompassPPE includes a granular margin-management framework, which enables lenders to implement margins based on a variety of factors. For example, clients can create scenario-driven margins around FICO, debt-to-income and loan-to-value considerations, as well as geographic margins down to metropolitan statistical area (MSA), county and census tract.