Real estate data and technology firm Black Knight Financial Services is integrating two of its lender products with the goal of helping lenders meet disclosure regulations and streamline the loan closing process. The two products are Empower, an end-to-end loan origination system used by five of the top 20 lenders in the U.S., and Closing Insight, a tool that supports collaboration between lenders and settlement agents and helps them comply with a new rule from the Consumer Financial Protection Bureau set to go into effect in August 2015. The rule requires the use of new, simplified mortgage disclosure forms that are designed to make it easier for homebuyers to understand the terms of a mortgage, compare loan offers, and avoid surprises at closing. Once it goes into effect, lend...
Jul 24, 2014 by Inman
Jul 17, 2014 by Inman
Nov 20, 2013 by Andrea V. Brambila