Black Knight’s Empower LOS supports retail, wholesale, consumer-direct and more all from one platform

The origination process can be costly and time-consuming. Manual tasks often monopolize a lenders’ time, keeping employees in a state of continuous review to keep a loan moving forward and in compliance. That’s why lenders need advanced capabilities, such as automation, decisioning and workflow capabilities to improve performance and streamline the origination process.

Black Knight’s Empower loan origination system (LOS) offers an end-to-end, digital ecosystem that supports retail, consumer-direct, home equity, correspondent, wholesale and assumption lending channels all from one platform. This all-in-one system includes advanced capabilities like configurable workflows, intelligent automation, exception-based processing, compliance validation testing, configurable web APIs and much more – to help lenders benefit from a faster, more efficient origination process.

Intelligent Workflow Automation – Empower offers data-driven, workflow automation across the origination life cycle, from point-of-sale through fulfillment and post-closing.

Lights-out Processing – Pre-configured by the lender, Empower can perform numerous tasks without the need for human intervention, creating significant processing efficiencies to help reduce the overall cost per loan.

Exception-based Workflows – Empower automatically evaluates loan data and alerts staff when a loan review is needed, which helps to significantly decrease manual reviews and accelerate turn times.

Artificial Intelligence (AI) – Empower leverages artificial intelligence to further automate “stare-and-compare” tasks more quickly and efficiently than traditional manual methods, helping lenders accelerate processes, decrease errors and reduce costs. 

Compliance Support – Black Knight continually enhances Empower to help lenders address their compliance requirements. In addition, Empower includes lender-configurable loan-level state and federal compliance testing embedded directly in the LOS workflow. 

API-enabled Integrations – Lenders using Empower can leverage web APIs to interact with third-party systems for a variety of origination services, including verification services, document provides, reporting, and fulfillment and closing-related functions.

One Platform for First Mortgages and Home Equity Products – Empower supports first mortgages and home equity products, decreasing the costs and complexities associated with maintaining separate systems.

In addition to the powerful automation, Empower offers digital point-of-sale capabilities, a robust pricing engine, integrated fee services, actionable analytics, digital close technology including Remote Online Notarization (RON), and much more in one comprehensive solution. Empower helps reduce costs associated with the upkeep of multiple technology providers, improves data consistency with a seamlessly integrated process that communicates with the LOS and streamlines workflow so lenders can originate more loans and improve ROI.

This origination ecosystem can be continued through the loan life cycle with integrations between the Empower LOS and other Black Knight solutions, including the industry-leading MSP servicing system. For those who use Black Knight’s MSP platform, Empower offers a standard data conversion file so loans can be easily boarded into servicing.

From the point-of-sale through closing, servicing and beyond, Black Knight is dedicated to improving the process and providing a fully digital mortgage experience. Task-and exception-based workflows, as well as intelligent, end-to-end automation, stretch across the entire loan life cycle to reduce manual review and errors, decrease cycle times and enhance the user experience.

The Empower LOS gives lenders the tools to save time and operational costs, as well as mitigate risk – delivering a better experience to borrowers and those working behind the scenes to process loans.