Black Knight, Inc. has added enhancements to its CompassPoint and CompassPPE solutions designed to help improve accuracy, efficiency and automation in origination and secondary marketing, the company announced.
Both products were added to Black Knight’s solutions last month with the company’s acquisition of Compass Analytics.
Black Knight said new functionality was added to the CompassPoint Pooling Optimizer that streamlines high-balance loan optimization based on month-to-date delivery parameters, including individual investors’ note rate and coupon rules. It said its CompassPoint Rate Sheet and Margin tools were enhanced with new user interfaces that allow lenders to efficiently model their margin structures at the channel, branch, product and originator levels.
Additionally, Black Knight said CompassPPE enhanced its pricing concession workflow between originators, branch managers and secondary lock desks.
“Our October release prioritizes features that help lenders drive profitable production and that broaden our suite of margin management tools, which are unrivaled in the mortgage industry,” said James Baublitz, Black Knight’s product manager, pipeline analytics said in a release. “Today’s release is the latest manifestation of our commitment to help our clients cut costs, increase transparency and drive profitability.”