Black Knight has formed a strategic alliance with Homebot to offer the latter’s client engagement tool to mortgage and home equity lenders, the company announced.
The offering will help lenders continuously engage their client base and increase borrower retention efforts by providing data on how to make smart home finance decisions to increase wealth.
The Homebot application enables homeowners to connect to their lender for more information. Homeowners also can share the application with friends and family, generating more potential leads for lenders.
“Homebot offers an affordable, automated and cutting-edge mobile tool that helps lenders re-engage their clients after a loan has closed,” Black Knight Data & Analytics Group Executive and President Kevin Coop said in a release. “The solution, which helps support borrower retention, draws from Black Knight’s comprehensive repository of property and mortgage data, and applies advanced analytics, including our automated valuation models.
“Lenders use the Homebot solution to deliver reliable, timely and customized wealth-building information to consumers and strengthen their relationships with them,” Coop added.