The new features aim to increase loan production, says Black Knight product manager
After its recent acquisition of Compass Analytics, Black Knight has released enhanced features for CompassPoint, a risk management and loan sale platform, and CompassPPE, a pricing and eligibility engine.
The company said it added new capabilities to the CompassPoint Pooling Optimizer and CompassPoint Rate Sheet & Margin tools, enabling lenders to streamline their mortgage process and make updates to their model margin structures.
Meanwhile, CompassPPE now offers a side-by-side comparison feature, which lets originators compare up to three eligible loan programs at once. Black Knight said it also enhanced its pricing concession workflow between originators, branch managers, and secondary staff members.
“Our October release prioritizes features that help lenders drive profitable production and that broaden our suite of margin management tools, which are unrivaled in the mortgage industry,” said James Baublitz, product manager of pipeline analytics at Black Knight. “Today’s release is the latest manifestation of our commitment to help our clients cut costs, increase transparency and drive profitability.”
