The LoanSphere Empower LOS will be used to automate processing tasks
JPMorgan Chase has entered an agreement with Black Knight under which it will implement Black Knight’s LoanSphere Empower LOS to support its home equity originations business.
Under the agreement, JPMorgan Chase will use Empower’s robotics capabilities to help automate certain processing tasks based on its origination requirements. Black Knight said the technology’s workflow orchestration engine allows the automation of loan origination processes at a high level of efficiency and compliance.
Sean Grzebin, head of consumer originations for Chase Home Lending, said the strategic partnership with Black Knight will allow the company to offer a digital experience to customers seeking to access 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 of Black Knight Origination Technologies division. Gagliano said that the partnership offers JPMorgan Chase customers a more accessible loan origination experience.
