Black Knight launches mail order lending platform

Black Knight Inc. has created Seller Digital, a matching loan platform for lenders looking to track commitment pipelines, manage terms and validate prices to record and lock in Best Efforts loans and allocate mandatory loans to commitments. .

According to the Jacksonville, Florida-based company, Seller Digital enables two-way communication between seller and buyer during matching transactions. The platform is fully integrated with Empower, Black Knight’s loan origination system and product, the pricing and eligibility engine, as well as AIVA, the company’s artificial intelligence solution to automate data and document collection processes.

Black Knight noted that buying lenders using Seller Digital can systematically manage loan terms for each purchase transaction while filtering terms based on categories and creating on-demand notifications for any exceptions needing attention. Lenders can also subscribe to notifications that alert them to any new conditions and can easily download documents to meet those conditions directly from the pipeline view.

“Seller Digital is an evolution of traditional correspondent lending platforms, created to provide a seamless process, from pricing to delivery,” said Rich Gagliano, president of Black Knight Origination Technologies. “By creating this innovative solution with feedback from corresponding sellers, we were able to amplify the buying / selling experience with the features most important to them without any cluttered add-ons, which are often unnecessarily included in other systems. “

Last week, the company announced new features for its Expedite Close digital closing solution, with more in-depth, document-by-document guidance to help borrowers through the closing process by enabling a more efficient, contactless process. , up to and including remote online connection. legalization of all necessary documents.

“Unfortunately, with an increase in cases nationwide, COVID-19 will impact in-person closures for some time to come,” Gagliano said. “As such, the need for a complete eClose solution has never been greater. Expedite Close addresses the challenges of today’s closings and makes the digital mortgage process as easy as possible for our lender clients and their clients. A fully guided closeout experience, coupled with seamless eNotarization and eVaulting capabilities, is precisely the solution for today and for the future.

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