- The Empower loan origination system will help support the expected growth of OnPath FCU’s retail and home equity lending channels
- OnPath FCU will leverage the Empower LOS with Black Knight’s integrated origination solutions Suite to increase automation for improved efficiency and to provide a better member experience
- By combining these innovative capabilities, OnPath FCU will gain an all-in-one digital ecosystem to support first mortgage and home equity lending
JACKSONVILLE, Fla. – July 19, 2022 – Black Knight, Inc. (NYSE:BKI) announced today that OnPath Federal Credit Union (OnPath FCU) has signed a long-term agreement for the Empower, Black Knight’s loan origination system (LOS) and suite of integrated origination solutions to support its growing retail and home equity lending channels.
“This is an important investment to our digital strategy and our ability to deliver advanced capabilities to both our new and existing members,” said Paul Catalano, Director of Mortgage Lending, OnPath FCU. “The Empower system and its integrated solutions will provide the automation we need to help us eliminate many of our manual tasks for a faster, more efficient loan process and a significantly enhanced member-for-life experience.”
OnPath will continue using the mortgage industry’s leading product and pricing engine from Optimal Blue, a division of Black Knight. Additionally, OnPath FCU will leverage other innovative capabilities integrated with the robust Empower LOS, including automated, machine-learning technology for “lights-out processing” of document classification and indexing tasks to further streamline workflows and reduce errors. Other Black Knight solutions that OnPath FCU will use include a digital point-of-sale solution that enhances the mortgage application process for borrowers and loan officers; a digital close solution with eDelivery and eSigning capabilities; a comprehensive fee service to help mitigate fee cures; robust property tax data; automated compliance validation testing; flood zone determination services and reporting; and an actionable intelligence solution that delivers instant access to information from multiple data sources to help forecast and monitor pipeline, productivity, cycle time and pull-through.
“By moving onto the Empower system and leveraging its integrated solutions, OnPath FCU will be able to deliver a more intuitive, robust digital mortgage experience to help increase member loyalty, employee retention, and boost growth,” said Rich Gagliano, president, Black Knight Origination Technologies.
About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.
Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.