U.S. Bank has implemented Black Knight, Inc.’s loan origination system (LOS), to manage loans purchased via its correspondent and Housing Finance Agency (HFA) lending channels, the companies announced.
Black Knight said lenders can use its Empower to support their retail, wholesale, assumptions, home equity, consumer-direct and correspondent lending business – all on a single platform.
“Aligning with Black Knight’s Empower for our correspondent and HFA business serves our forward-looking vision of providing innovative capabilities that advance the lending process and provide a better client experience,” U.S. Bank Executive Vice President Tom Wind said in a release. “Expanding our enterprise relationship with Black Knight allows us to enhance our digital capabilities and customer experience throughout the entire homeownership cycle.”
Empower is integrated with Black Knight’s MSP servicing platform, which U.S. Bank uses to support its servicing operations. The companies said the integration of these two systems helps streamline the loan boarding process for greater efficiency, increased data integrity and reduced risk.
“Enhancing Empower to fully support all lending channels is part of our vision to provide end-to-end support across the loan life cycle,” Black Knight CEO Anthony Jabbour said. “By adding Empower to the number of our solutions U.S. Bank uses, they are well-positioned to realize the exponential value that comes from using multiple Black Knight products across the enterprise.”