Black Knight, announced that Carrington Mortgage Services has signed an agreement to implement a comprehensive suite of Black Knight origination solutions. Carrington Mortgage Services is one of the nation’s largest privately held non-bank lenders, offering a full slate of conventional Fannie Mae, Freddie Mac, FHA, VA and USDA products through its wholesale, retail and correspondent lending channels. The implementation includes the Empower loan origination system (LOS), as well as other Black Knight applications, to help improve operational efficiency, reduce risk and enhance the customer experience.
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“Black Knight’s origination solutions suite features the advanced functionality necessary to support straight-through loan processing, which will help us be more productive and, most importantly, better serve our customers,” said Brent Rasmussen, executive vice president and chief information officer for Carrington Mortgage Holdings. “Black Knight has best-in-class solutions and a commitment to innovation that will enable us to further streamline the loan process for our customers and operations, as well as support our future growth plans.”
Carrington Mortgage Services will use Empower, Black Knight’s comprehensive loan origination system (LOS), to support its retail, wholesale and correspondent channels, helping to electronically capture, process, underwrite and close loans on a single platform. The Empower system’s advanced capabilities are designed to automate processing of certain tasks based on the lender’s configuration without the need for constant human intervention – often referred to as “lights-out processing.” The LOS actively monitors for key data changes – or lack of necessary changes – and triggers automated or manual tasks to be completed based on configurable logic, when appropriate.
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