Black Knight Integrates Fannie, Freddie Technology
Black Knight Financial Services has integrated technology from Fannie Mae and Freddie Mac with its LoanSphere Empower and LendingSpace loan origination systems.
The integrations will facilitate the automation of the delivery of data and documents to investors and the correspondent lending channel. Additionally, the additions will facilitate support of the Uniform Closing Dataset, Black Knight said Wednesday.
In line with supporting the UCD, Black Knight has integrated Fannie Mae's UCD collection tool and Freddie Mac's Loan Closing Advisor product, which will deliver the UCD file.
Black Knight also integrated the other two components of Freddie Mac's Loan Advisor Suite in addition to Loan Closing Advisor: the automated underwriting tool Loan Product Advisor and Loan Quality Advisor, which gives lenders feedback regarding eligibility requirements.
"The technology integrations we are delivering for Empower and LendingSpace support our comprehensive approach to provide clients with the broadest connections between systems," Jerry Halbrook, president of Black Knight Origination Technologies, said in a news release. "These integrations will help lenders optimize operational efficiencies and originate high-quality loans that meet investor guidelines."