Black Knight‘s Optimum Blue launched a product comparability characteristic within the firm’s cloud-based Loansifter product, pricing and eligibility (PPE) engine for mortgage brokers.
Dubbed the “product comparability,” the characteristic supplies a side-by-side breakdown of assorted mortgage choices. The brand new addition is geared towards giving brokers the pliability to provide you with studies for his or her shoppers with their very own model components, Black Knight stated.
The product comparability is included as a regular characteristic of Loansifter PPE subscriptions, a core part of Black Knight’s suite of built-in options, which is designed particularly for brokers.
Black Knight supplies a handful of built-in options for brokers, together with the cloud-based LoanCatcher mortgage origination system – a single, web-based software program mortgage dealer software program that helps brokers save time and minimize prices to originate a mortgage.
The Surefire buyer relationship administration automation engine is one other built-in answer for brokers that automates communications all through the mortgage course of. Surefire distributes leads and conducts automated multimedia outreach for mortgage professionals, in keeping with the agency’s web site.
Black Knight, which is making ready to get acquired by Intercontinental Change Inc. (ICE), bought Empower, its mortgage origination system enterprise, to a subsidiary of Canada’s Constellation Software Inc. in March to quell antitrust considerations.
The divestment lowered the value tag of ICE’s acquisition of Black Knight to $11.7 billion from the unique $13.1 billion when the deal was introduced in Might.
The U.S. Federal Commerce Fee (FTC) sued ICE to dam the deal final month. Within the lawsuit, the FTC stated that the merger would push prospects to make use of ICE mortgage companies and merchandise, and claimed the deal would stifle innovation whereas limiting lenders’ decisions for origination and mortgage servicing.
ICE stated it will proceed to work towards closing the deal, which it expects to finish within the second half of the 12 months. The corporate claims the deal would streamline the gradual, antiquated back-end processing of residence loans.