Tuesday, 13 April 2021 | The Latest Buzz for the Appraisal Industry

Cadence Bank Taps Black Knight to Provide Technology Solutions

Atlanta-based regional firm Cadence Bank has selected Black Knight Inc.’s origination and servicing technology solutions to support its mortgage and home equity business, expand its current functionality, and boost operational efficiencies.

“We’re looking forward to benefitting from seamless, end-to-end integration between our origination and servicing systems and leveraging these tools to provide an enhanced customer experience,” says Sharon Geib, president of Cadence Bank’s mortgage division.

Cadence Bank will use the Empower loan origination system (LOS) to electronically originate, process, underwrite and close loans on a single platform. Empower’s integrations include a product, pricing and eligibility engine and a digital point-of-sale solution, along with Black Knight’s digital closing solution.

Black Knight is also providing machine-learning technology for document classification and indexing; a fee service to help mitigate the risk associated with tolerance cures; property tax data; automated compliance validation testing; 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.

Cadence Bank will also use a number of Black Knight servicing solutions, including the MSP core servicing system. MSP offers end-to-end functionality to help mortgage servicers manage payment processing, escrow administration, customer service and default management.

The post Cadence Bank Taps Black Knight to Provide Technology Solutions appeared first on MortgageOrb.

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