Black Knight Financial Services’ Closing Insight, Exchange Technologies Awarded MISMO Premiere Certification
MISMO announced that the Closing Insight technology and Exchange services platform from Black Knight Financial Services, a provider of integrated technology, data and analytics to the mortgage and real estate industries, have been awarded Premiere Level certification under the MISMO Software Certification Program.
These products are among the first to receive the Premiere designation from MISMO.
“We congratulate Black Knight for its accomplishment,” said MISMO President Mike Fratantoni. “The certification program provides clear assurance regarding compatibility with MISMO standards and is an important tool for lenders and others to use when evaluating product capabilities.”
MISMO Software Certification provides assurance that a technology provider’s certified products demonstrate compliance with MISMO standards and best practices. The Premiere Level certification includes an assessment by an independent, MISMO-approved, third-party assessment company. This assessment evaluates the provider’s MISMO-related practices, product-specific usage of MISMO standards, and evidence of MISMO training. Only products certified by MISMO may use the term “certified MISMO compliant”–a symbol of industry excellence.
“Building MISMO standards into our core platforms provides for a more open and reliable data reference model for better communication and collaboration throughout the loan process,” said Dan Sogorka, president of RealEC Technologies. “We are honored to be awarded MISMO Premiere Level Certification to affirm that Exchange and Closing Insight can help effectively support clients with their compliance needs.”
Closing Insight, offered by Black Knight’s RealEC Technologies division, provides the ability for lenders to securely exchange documents, data and other information to collaborate with settlement agents using a workflow-driven approval process to help generate initial and final loan closing disclosures in support of TRID rule requirements. Black Knight’s Exchange, which is also offered through its RealEC Technologies division, is an open technology platform that provides integration, data, workflow and decisioning support through a 24/7 data exchange that connects more than 17,000 of the mortgage industry’s service and solution providers with top lenders in the industry.
Closing Insight and Exchange have received certification for MISMO Version 3.3 within the origination business domain. More information regarding the program is available by clicking on MISMO Software Certification Program, or at www.mismo.org.
About MISMO
MISMO® is the standards development body for the mortgage industry. The use of MISMO standards reduces processing costs, increases transparency and boosts investor confidence in mortgages as an asset class, while creating cost savings for the consumer. For more information, visit www.mismo.org.
