Optimum First Mortgage, a hybrid mortgage broker and lender headquartered in California, has signed a contract to implement Black Knight Inc.’s Empower loan origination system (LOS) and its suite of integrated solutions.
“We wanted to scale our operations, automate processes and support compliance using newer technology,” says Matt Dohman, president of Optimum First Mortgage. “Because we’d already been on the Optimal Blue PPE and signed up to use Surefire, Black Knight’s CRM and marketing solution, we were familiar with Black Knight’s superior technology and knew that it would help our business grow and better prepare our operations for the future.”
Optimum First Mortgage will implement the Empower LOS to electronically process loans for its retail and wholesale channels on a single platform. The cloud-based system offers advanced capabilities designed to automate processing of certain tasks based on the lender’s configuration with minimal human intervention – often referred to as “lights-out processing.” Empower actively monitors for key data changes – or lack of changes – and triggers automated or manual tasks to be completed based on lender-configurable logic, when appropriate, further mitigating risk and increasing data integrity.
Black Knight’s advanced platform also includes a digital point-of-sale solution that enhances the mortgage application process for borrowers and loan officers; machine-learning technology for document classification and indexing; and a digital close solution with eDelivery and eSigning capabilities. It also offers a comprehensive fee service to help mitigate fee cures, robust property tax data, automated compliance validation testing, and flood zone determination services and reporting.
Additionally, the platform has an actionable intelligence solution that delivers instant access to information from multiple data sources to help forecast and monitor pipeline, productivity, cycle time and pull-through. Black Knight will integrate the Optimal Blue PPE engine and the Surefire CRM and Mortgage Marketing solution with the LOS.
“Black Knight is uniquely positioned to help Optimum First Mortgage effectively meet its business goals as the company expands its size and scope,” comments Rich Gagliano, president of Black Knight Origination Technologies. “By taking advantage of the full integration of Black Knight origination products through our Empower LOS, Optimum First is setting themselves up for even greater success and to better support its customers throughout every part of the loan process.”