Solidarity Community Federal Credit Union to Implement Empower, Black Knight's Cloud-based LOS, and Suite of Integrated Origination Solutions
Solidarity selected the high-performance, cloud-based Empower LOS for its comprehensive capabilities and ability to scale to support the credit union's growth
Black Knight, Inc. (NYSE:BKI) announced today that Solidarity Community Federal Credit Union (Solidarity), a growing, Indiana-based credit union, has signed a contract to implement the cloud-based Empower loan origination system (LOS) and its suite of integrated lending solutions.
"Our teams wear multiple hats and are committed to providing an exceptional experience to our members. Empower's integrations allow our teams to have quick, easy access to multiple leading-edge products, pricing and reporting from a single system and trusted provider," said Whitney Steltenkamp, director of Mortgage and Business Lending, Solidarity. "Using Black Knight's automation capabilities will also eliminate manual, repetitive work in our day-to-day business, which will drive more efficiency in our operations."
Empower is a cloud-based, high-performance LOS that can help Solidarity scale its business both in the current lending market and as origination volumes increase. The system will help Solidarity originate new loans, enhance loan quality, decrease turn times, support compliance and investor requirements, improve member satisfaction and much more.
In addition, Solidarity has selected numerous Black Knight solutions that are seamlessly integrated with Empower. These include Optimal Blue's leading product and pricing engine; a digital point-of-sale solution that enhances the mortgage application process for borrowers and loan officers; an intuitive digital dashboard that allows loan officers to help borrowers throughout the approval process; a mortgage-specific customer relationship management (CRM) tool to help provide a member-for-life experience; machine-learning technology for document classification and indexing; 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; access to a secure standards-based platform of service providers where services, loan-level data and transaction history can be captured stored and archived; 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 investing in the Empower system bundle, Solidarity can eliminate the complexity of working with multiple providers and get what the credit union and its members need from one trusted source," said Rich Gagliano, president, Black Knight Origination Technologies. "The cloud-based Empower LOS will support Solidarity's goal of delivering a more modern system that allows its members to get information and perform tasks where they want, when they want."