Black Knight origination system adds new API
Black Knight Financial Services has added an application program interface to its loan origination system that will allow consumers and loan officers to access it more easily through mobile devices.
The Representational State Transfer Application Program Interface will provide access to certain functions without users having to have direct access to the LoanSphere Empower loan origination system.
The API will help consumers or LOs using tablets, smartphones or laptops do things such as check the status of an application and see what outstanding loan conditions there are.
It also will help these users view loan documents, request credit or trigger other third-party origination services, as well as upload borrower information to create a loan application file, and read, add or update data in the system.
"We are leveraging digital technology to benefit both lenders and consumers with a simpler, more transparent loan process that can be completed significantly faster," said Jerry Halbrook, president of Black Knight's origination technologies and enterprise business intelligence divisions, in a press release.
Black Knight's LoanSphere MSP servicing platform is more widely used than its LOS, but it also has been working to grow the user base for its origination technology.