Black Knight claims that the enhancements provide greater automation and profitability
Black Knight has updated its CompassPPE and CompassPoint tools to help improve accuracy, efficiency, and automation in origination and secondary marketing.
The company said that the latest enhancements aim to increase efficiencies, improve profit margins, and reduce risk for its clients.
“The enhancements in our February releases deliver features that help both originators and secondary-market professionals perform a wide variety of critical tasks more effectively,” said James Baublitz, product manager of Pipeline Analytics. “Black Knight continues to invest in solutions that allow lenders to improve their profit margins and bring automation and transparency to the entire organization.”
CompassPPE, a product, pricing, and eligibility (PPE) engine, now includes integration with the Black Knight Fee Service engine for property taxes, recording fees, and title fees. Additionally, loan-origination software users can now quickly move locked loans from another PPE vendor to CompassPPE.
Meanwhile, Black Knight’s risk-management and loan sale platform, CompassPoint, now enables users to make multiple automated commitments with Fannie Mae or Freddie Mac with one click, thanks to the new CompassPoint Pooling Optimizer.
“Our newest enhancements were designed to provide originators and secondary-market professionals with greater automation and increased visibility into their pipelines for better decision-making,” Baublitz said. “These powerful, industry-leading automated technology solutions give lenders more control over their business and save time – which contributes to greater profitability – while empowering their secondary-marketing managers with flexible, transparent, fully integrated secondary-market solutions.”
