PNC Bank To Implement Black Knight LoanSphere Empower LOS

Posted by Patrick Barnard on April 27, 2016 No Comments
Categories : Mortgage Servicing, Recent

Black Knight Financial Services Inc., a provider of integrated technology, data and analytics to the mortgage and real estate industries, says PNC Bank, a member of The PNC Financial Services Group Inc., will utilize the following solutions from Black Knight:

  • LoanSphere Empower, a Web-based loan origination system (LOS) used by lenders to manage retail, wholesale and consumer direct channels. The LOS helps lenders originate, process and close loans and includes LoanSphere SalesEdge and LoanSphere Driver products;
  • LoanSphere Exchange, a platform that provides integration, data, workflow and decisioning support through a data exchange that connects service providers with other lenders in the industry;
  • LoanSphere Quality Insight, a loan quality assessment tool that automates quality control reviews, gives feedback on investor and lender compliance requirements, supports remediation and exception processing, improves data integrity, and reduces repurchase requests; and
  • Data and analytics offerings, which help lenders and servicers enhance performance; identify, reduce and mitigate risk; meet regulatory requirements; leverage savings; and provide growth opportunities.

“Black Knight’s technology solutions will support PNC Bank’s mortgage and home equity operations and will help the company meet its compliance obligations and achieve greater efficiencies across the loan lifecycle,” says Jerry Halbrook, president of Black Knight’s origination technologies division. “This combination of Black Knight’s technologies will deliver end-to-end capabilities to help PNC Bank manage its portfolios from point of sale through default.”

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