JPMorgan Chase Signs Contract to Implement Black Knight’s LoanSphere Empower for Home Equity Originations
April 04 2018 - 4:05PM
Black Knight, Inc. (NYSE:BKI) announced today that JPMorgan Chase,
a leading global financial services firm, has signed a contract to
implement the LoanSphere Empower loan origination system (LOS) to
support its home equity originations business. JPMorgan Chase will
use Empower’s robotics capabilities to help automate certain
processing tasks based on the bank’s origination requirements. This
advanced technology is powered by a robust, task-based workflow
orchestration engine that automates the processes necessary to
originate a loan with a high level of efficiency and compliance.
“Customers rely on Chase digital offerings throughout their
daily lives,” said Sean Grzebin, head of Consumer Originations for
Chase Home Lending. “This strategic partnership with Black Knight
will enable us to deliver a seamless, digital experience for
customers who want to access the equity in their homes.”
“Black Knight is proud to build on our strong relationship with
JPMorgan Chase by expanding the value we deliver in origination
capabilities and providing solutions and service across the entire
loan life cycle,” said Rich Gagliano, president, Black Knight
Origination Technologies division. “Black Knight helps lenders
drive down operational costs, reduce risk and improve loan quality.
Through our advanced solutions, JPMorgan Chase and its customers
will enjoy these benefits, as well as a more dynamic and accessible
loan origination experience.”
About LoanSphere LoanSphere is Black Knight’s
premier, end-to-end platform of integrated software, data and
analytics supporting the entire mortgage and home equity loan
lifecycle – from origination to servicing to default. The platform
delivers business process automation, workflow, rules, and
integrated data throughout the loan process, providing a better
user experience, cost savings and support for changing regulatory
requirements. By integrating lending functions and data, Black
Knight’s LoanSphere helps lenders and servicers reduce risk,
improve efficiency, and drive financial performance.
About Black KnightBlack Knight
(NYSE:BKI) is a leading provider of integrated software, data and
analytics solutions that facilitate and automate many of the
business processes across the homeownership lifecycle.
As a leading fintech, Black Knight is committed
to being a premier business partner that clients rely on to
achieve their strategic goals, realize greater success and better
serve their customers by delivering best-in-class software,
services and insights with a relentless commitment to excellence,
innovation, integrity and leadership. For more information on Black
Knight, please visit www.blackknightinc.com.
For more information:
Media contacts: Michelle Kersch
904.854.5043michelle.kersch@bkfs.com
Mitch Cohen704.890.8158mitch.cohen@bkfs.com
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