Latest collaboration incorporates support for compliant document generation into Black Knight’s Empower loan origination offerings
Wolters Kluwer’s Compliance Solutions business and Black Knight, Inc. (NYSE: BKI) have enhanced their longstanding strategic alliance to bundle Wolters Kluwer’s Expere document generation engine as part of Black Knight's comprehensive Empower loan origination system (LOS).
The bundling of Expere’s support for compliant document generation with Black Knight’s Empower LOS offers mortgage lenders a complete origination solution with a single contract. This partnership expansion allows for a simpler and more complete contracting process, while helping to reduce the complexity and effort that lenders experience when engaging in separate contracts with each service provider.
This integration is also available in Black Knight’s Empower implementation model designed to enable mortgage lenders to benefit from the same advanced capabilities of its enterprise Empower LOS, but with a reduced implementation timeline, resulting in a more streamlined process with lower implementation costs. Empower is scalable to support business growth, so as volumes increase, mortgage lenders can remain on the same origination system.
“In a rapidly evolving lending landscape in which technology and automation have brought significant benefits to lenders, expanding this alliance provides mortgage lenders an enhanced capability that simplifies their contracting processes, while helping them access industry-leading compliant documents to conduct mortgage originations,” said Steve Meirink, Executive Vice President and General Manager, Compliance Solutions. “Wolters Kluwer is dedicated to supporting high-performing lending technologies as reflected by the Empower offering to contribute to a faster, simpler contracting and implementation process that benefits mortgage lenders and their customers alike.”
“Wolters Kluwer’s longstanding reputation for generating lending documents via dependable technology platforms, such as the Expere suite of products, is unparalleled,” said Rich Gagliano, President, Black Knight Origination Technologies. “We are pleased to expand our long-term relationship with Wolters Kluwer and its Expere capabilities with our Empower LOS to help mortgage lenders better manage loan originations in a faster, simpler, and less costly manner.”