Black Knight clients are in luck; lenders using the firm’s LoanSphere Empower LOS will now have access to an advanced online loan application platform that lets customers apply for a mortgage with only a mobile device.
Through a partnership with Lender Price, Black Knight will now offer a consumer-facing platform that lets anyone apply for a mortgage digital online or via smartphone. The technology has been in the works at Black Knight for some time; it was just a matter of finding the right vendor, according to Jerry Halbrook, President of Origination Technologies and Enterprise Business Intelligence at Black Knight.
“Black Knight looked at several options,” Halbrook said, “and we believe Lender Price was the very best choice to support our clients’ needs and advance our solutions.”
The Lender Price platform boasts several high-tech features. It boasts a voice-enabled application that can interact with consumers and ask the questions; offers real-time interest rates, fees, and products; verifies credit, income, and assets; verifies property and tax details; and can secure property valuations. Customers can also upload documents using the platform.
The integration with Lender Price is set to be a game-changer for Black Knight LOS clients, according to Halbrook.
“The addition of a powerful, consumer-facing digital user interface is a tremendous breakthrough in advancing our digital strategies and creating more competitive advantages for our clients,” Halbrook said. “Combining the comprehensive technology capabilities of Black Knight’s Empower system with Lender Price’s advanced digital capabilities will increase the speed to market for our clients that are aggressively expanding into the digital marketplace and transform the user experience for their consumers.”