Collaboration delivers improved margin management, helps lenders effectively price loans and minimize costly fee cures, while enhancing the customer experience
Black Knight, announced that its dynamic CompassPPE product, pricing and eligibility engine and comprehensive Ernst Fee Service solution are now integrated with Blend‘s digital lending platform for mortgages and consumer banking. The integration provides lenders with robust functionality to support automation and margin-management activities, as well as to receive accurate quotes to more effectively price loans, resulting in an improved homebuyer experience.
Read More: Fintech Europe Selects Ten Startups for its Fifth Batch
“We’re excited to add CompassPPE and Ernst Fee Service to our platform to offer lenders even more choices as they help consumers access the capital they need,” said Brian Martin, Head of Business Development at Blend. “With the addition of these solutions, Blend customers can use tailored options to manage their business and maximize efficiency, while giving borrowers greater accuracy and more peace of mind in their financial decisions.”
CompassPPE helps reduce manual touchpoints and cost-per-loan through its automated locks, relocks, extensions, float downs, concessions workflow and exception-based processing. The integration with Blend’s platform supports specific margin management capabilities to help lenders determine compensation on a loan, while also providing configurable fields that support data elements specific to each lender’s business needs. CompassPPE functionality means lenders can more granularly manage margins to help drive business at the regional, branch or loan officer-level and improve profit and loss results.
Additionally, several features of CompassPPE – including an intuitive, modern user interface and mobile-responsive design – set it apart in the industry. Lenders can access the product, pricing and eligibility engine’s complete pricing and locking capabilities from any device – desktop, tablet, smartphone or laptop.
Read More: Strider Announces John Mullen, Former Assistant Director of CIA, Joins Company as Advisor
