Black Knight, Inc. has announced plans to integrate Land Gorilla’s construction loan management software with its LoanSphere Empower loan origination system, the companies announced.
The integration will enable lenders to transfer loan data from the Empower system to Land Gorilla’s Construction Loan Manager (CLM). Both companies said the integration will reduce time for loan onboarding, increase process efficiency and consistency, and reduce errors.
“The integration of the Empower system and Land Gorilla’s CLM software will benefit our mutual lender clients by helping them better manage the draw management processes for the construction period more efficiently,” said Rich Gagliano, president of Black Knight’s Origination Technologies division, in a release.
Land Gorilla said its CLM is the most complete software to manage and streamlines all aspects of the construction loan management process — from pre-closing due diligence to post-closing draw administration.
“We are very excited to bring our premier technologies together in this integration to provide a more efficient experience for lenders,” Land Gorilla CEO Sean Faries said. “The integration between Black Knight and Land Gorilla will equip users with the transparency, risk abatement, and cost efficiencies required to be successful and meet the growing demand for construction and renovation loans.”