State-of-the-art software will help Ross Mortgage better serve borrowers and support its growing business operations
– The Empower Loan Origination System (LOS) offers advanced automation, configurability and seamless integrations to support Ross Mortgage’s growing business operations
– In addition to Empower, Ross Mortgage will use Black Knight’s full suite of origination solutions to maximize efficiency and manage its growing pipelines
JACKSONVILLE, Florida, September 23, 2021 / PRNewswire / – Today, Black Knight, Inc. (NYSE: BKI) announced that Ross Mortgage Corporation, a MichiganA lender based on operations in more than a dozen states has signed a long-term contract to implement Black Knight Empower LOS and integrated origination solutions to support its growing business operations and better serve its customers. borrowers.
“We conducted a thorough assessment of the mortgage technology available today and engaged our team of employees to identify a system that will help us speed up our turnaround times, process more loans, reduce costs and improve our borrowing experience, ”said Tim ross, CEO, Ross Mortgage. “Black Knight has clearly demonstrated its ability to meet our criteria, solidifying our decision to choose Empower as a way to better support our borrowers and our business and to meet our growing loan portfolio. “
Ross Mortgage will use the Empower system to create senior mortgages and home equity loans for its personal lending channel. The advanced capabilities of the system are designed to automate the processing of jobs according to the lender’s configuration with minimal human intervention – often referred to as “lightless processing”. Empower actively monitors key data changes – or lack thereof – and triggers automated or manual tasks to be accomplished based on logic configurable by the lender. This further mitigates risk and increases data integrity.
To harness the full power of Black Knight’s digital ecosystem, Ross Mortgage will implement a suite of integrated technology, data and analytics solutions to deliver higher performance. These include artificial intelligence and machine learning for document classification and indexing; a point of sale solution that improves the mortgage application process for borrowers and loan officers; a full fee service to help mitigate fee cures; solid property tax data; connectivity with the country’s largest online network of lenders and service providers; a digital fence solution with electronic delivery and electronic signature capabilities; automated state and federal government compliance validation tests; flood zone determination and reporting services; Web API for automated real-time data transactions; and an actionable intelligence solution that provides instant access to information from multiple data sources to help forecast and monitor pipeline, productivity, cycle time, and mining.
Additionally, Ross Mortgage was delighted that the new Uniform Residential Loan Application Form (URLA) required by Fannie Mae and Freddie Mac was already integrated into Empower workflows. Ross Mortgage will also continue to use the Optimal Blue product, Black Knight’s Pricing and Eligibility Engine (PPE), which helps the lender quickly provide borrowers with the right product at the best price for a wide variety of mortgage financing scenarios. .
“Black Knight is able to meet the needs of our customers because of the power and strength of our proven, high quality solutions and the continued investment we make in our technology,” said Rich Gagliano, President, Black Knight Origination Technologies. “We look forward to growing our relationship with Ross Mortgage and supporting their team as they leverage our solutions to help provide customers with competitive rates, quality service, prompt responses and no surprises.”
About Ross Mortgage Corporation
Founded in 1949, Ross Mortgage Corporation is a MichiganMortgage banking company based with a network of offices located in 14 states. Ross Mortgage combines over 70 years of mortgage experience with leading mortgage technology to deliver superior service and pricing to our customers. As a full-service mortgage lender, Ross Mortgage has the underwriting power and retains control of the entire transaction, offering competitive rates, quality service, prompt response and no surprises.
About Black Knight
Black Knight, Inc. (NYSE: BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and services and real estate industries, as well as in capital markets and secondary. Businesses leverage our robust integrated solutions throughout the homeownership lifecycle to help retain existing customers, gain new customers, mitigate risk and operate more efficiently.
Our customers rely on our proven, comprehensive and scalable products and our unwavering commitment to providing superior customer support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.
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SOURCE Black Knight, Inc.