Sponsored Content from Black Knight: Homebuying from Start to Finish with Black Knight
At Black Knight, our industry-leading solutions help to strengthen performance and improve efficiencies for lenders, servicers, investors and real estate professionals across all facets of the mortgage industry. Black Knight’s end-to-end solutions assist clients with managing every step of the homebuying and mortgage life cycle, while also helping them enhance the customer experience and address their regulatory compliance.
Clients also benefit from Black Knight’s commitment to continual innovation, which helps them evolve with changing customer expectations, technological advancements and, as we see today, market fluctuations. On average, we dedicate $100 million each year to updating our solutions to maximize the value we deliver to our clients and, ultimately, to their customers.
“Black Knight prides itself on innovating to advance our industry, and on integrating our software, data and analytics to help our clients deliver unmatched capabilities and service to their customers,” said Joe Nackashi, CEO of Black Knight. “Our comprehensive approach, paired with decades of proven experience, helps our clients stand out in today’s fluid and highly competitive market.”
Black Knight’s solutions enable seamless integration across operational processes, helping clients deliver superior, digital customer experiences from the moment consumers begin searching for a home. With a complete ecosystem of capabilities that extends through secondary marketing, Black Knight provides capital markets professionals the tools they need to inspire investor confidence and support regulatory demands.
Real Estate
Black Knight supports every step in the pre-mortgage process, starting with generating leads via highly targeted lists that help lenders find more business. Consumers can then begin their homebuying journey by using Black Knight’s white-labeled, borrower digital solution to quickly prequalify for a mortgage.
Once consumers are prequalified and connected with a real estate agent using Black Knight’s MLS technology, they can view properties actively listed on the market. Agents, buyers and sellers can communicate in real time through advanced tools, while special MLS capabilities enable agents to work directly within the MLS platform from any device. Additionally, Black Knight’s real estate solutions allow originators and agents to stay in front of customers and prospects with timely, value-added mortgage marketing content – helping create customers for life.
Application and Rate Shopping
Black Knight’s suite of digital solutions helps streamline and simplify the loan application process for both the consumer and the loan officer. Once a consumer finds a home, Black Knight’s digital point-of-sale solution walks them through a friendly, intuitive qualification Q&A, with seamless data transfer to lender systems. Technology for loan officers helps facilitate efficient day-to-day processes and collates consumer information on an intuitive, mobile-friendly dashboard, enabling them to easily work from anywhere and guide the borrower through the approval process.
As customers begin the mortgage process, they can shop for rates via API connections between potential lenders and Black Knight’s industry-leading product, pricing and eligibility (PPE) engine. This easy access to customized rates helps drive qualified lead generation and provides access to thousands of products so the borrower and lender can select the right fit.
Loan Originations
Lending institutions of every size rely on Black Knight’s solutions to support smooth, timely loan processing. Our premier loan origination systems (LOS) for lenders and brokers offer advanced automation capabilities and seamless integrations with other Black Knight and third-party services. These integrations can help lenders accelerate turn times, reduce costs, enhance the borrower experience and process more loans faster.
Underwriting
To support more effective underwriting, Black Knight’s machine-learning solution escalates underwriting decisions by performing verification of income, assets and insurance much faster than completing these tasks manually. Underwriting accuracy is improved with a wide range of automated valuation models and emphasizes accuracy, hit rates and property data to validate and access more complete information.
Settlement
Black Knight simplifies and speeds up the settlement process with eClosing technology that uses advanced intelligence to select the best way to close each loan, from wet-sign and hybrid to fully digital closings. Black Knight also minimizes costly fee cures by providing accurate recording fees; transfer taxes; and property tax, title, settlement and inspection data.Additionally, clients can order title search and production solutions, and they have access to a network of thousands of settlement service providers for secure connections and ordering.
Hedging and MSR Valuation
Black Knight’s hedging platforms help lenders maximize margins and mitigate pipeline risk, while our various analytics solutions help optimize an organization’s secondary marketing strategy to reduce risk, foster growth and improve profits. Additionally, mortgage servicing rights (MSR) valuation tools enable more effective retain/release decision-making and a deeper understanding of how these assets impact bottom lines.
Servicing and Retention
Servicing is where the success or failure of the long-term customer relationship is determined. Black Knight’s industry-leading servicing system offers the robust functionality and customer-centric integrations necessary to support retention, while helping automate all areas of servicing – including setup and maintenance, customer service, cashiering, escrow administration, investor accounting and default management. Our innovative platform, which can accommodate portfolios of almost all sizes, is currently used to service approximately 36 million active loans.
Black Knight’s self-service digital tools allow homeowners to access up-to-date information about their property, loan or neighborhood from the convenience of a mobile device – facilitating constant communication between servicers and customers.
Clients can combine Black Knight’s comprehensive mortgage performance data, public records and government data with our powerful analytics tools to improve portfolio retention rates by offering new products to existing customers and preventing portfolio runoff.
Loss Mitigation and Default
Black Knight’s default servicing solutions help simplify the complex processes surrounding nonperforming loans while helping servicers manage regulatory compliance more easily. This includes loss mitigation capabilities to support industry-standard retention and liquidation workouts with built-in workflows and quality control capabilities focused on streamlining processes and reducing risk. Additional solutions help servicers efficiently manage foreclosure and bankruptcy processes while helping address their compliance requirements.
Capital Markets
Black Knight’s integrated product and service suite for capital markets professionals helps meet portfolio transparency needs and inspires investor confidence. Our marketplace platform supports the industry’s largest network of buyers and sellers with premier technology solutions, actionable data, and vendor connections that facilitate transactions among mortgage market participants.
“Black Knight stands alone in delivering end-to-end capabilities and unmatched expertise at every step of the homebuying life cycle and beyond,” said Nackashi. “While we help our clients navigate a challenging market, we are keeping an eye to the future and will continue to invest in new solutions that will support their success today and tomorrow. We remain committed to working with our clients to help transform the mortgage industry through our spirit of relentless innovation, solution integration, and a commitment to bring new products to the market with urgency.”
To learn more about using Black Knight’s innovative solutions to support the complete mortgage life cycle, email AskBlackKnight@BKFS.com.
(Sponsored content includes material submitted independently of the Mortgage Bankers Association and MBA NewsLink and does not connote an MBA endorsement of a specific company, product or service. For more information about sponsored content opportunities, contact Bill Farmakis at bill@jlfarmakis.com or 203/834-8832.)
