Washington Trust Bank integrates Black Knight’s Empower now!

Washington Trust Bank, a privately-held commercial bank in the Northwest, went live on Black Knight’s Empower, a comprehensive loan-origination system that automatically captures, processes, underwrites, and closes loans.

To give lenders a base set of capabilities from Empower, the bank pre-configured the Empower Now! implementation model, a faster and more cost-effective deployment approach for mid-tier financial institutions, based on the industry’s most common lending practices.

"Washington Trust Bank is now using Empower to support our organization's growth strategy," said Shane Patnoi, vice president of consumer lending at Washington Trust Bank. "Replacing our legacy technology with Black Knight's system will provide advanced functionality, system scalability, and flexible configuration to increase the effectiveness of our expanding lending efforts."

Empower Now! enables lenders to add functionality and other additional components, as well as to stay on the same LOS, and adjust system parameters to meet their various compliance needs. Lenders like Washington Trust Bank can get the same Empower functionality and integrations at a lower cost and shorter time through Empower Now!

"We are pleased to support Washington Trust Bank with advanced origination capabilities that will scale as the bank's loan volume increases," said Rich Gagliano, president of Black Knight Origination Technologies. "With an accelerated implementation timeline and a cost structure that aligns with mid-market lenders' needs, Washington Trust Bank will be able to quickly and cost-effectively take advantage of Empower's ability to help the bank's customers buy new homes and refinance existing mortgages."