Gateway First Bank has selected Black Knight, Inc.’s Ernst Fee Service, the companies announced.
Black Knight said its enterprise solution provides lenders and settlement agents with accurate recording fees and taxes to assist lenders with TRID compliance. Gateway said it will use the fee and monitoring service to help mitigate risk associated with fee cures and to enhance the consumer experience.
“We needed a trusted provider that could automate our fee and closing cost data to help us more accurately disclose fees to customers,” Gateway Vice President Whitney Barth said in a release. “Fees frequently change during the loan process, and Black Knight’s Ernst Fee Service lets us provide our customers with accurate fees based on the closing date and automatically update those fees within our loan origination system.”
Black Knight said its Ernst Fee Service provides all relevant third-party vendor fees that are required on the Loan Estimate and Closing Disclosure.
“We are pleased to support Gateway First Bank with advanced capabilities that will help improve the accuracy of disclosures and better prevent fee cures,” Black Knight Origination Technologies President Rich Gagliano said. “Black Knight’s passion for accuracy carries through everything we do, and our fee service is no exception. We’re committed to providing our clients with the most accurate closing costs so that they can provide the best customer experience.”