Black Knight Financial Services Inc. (BKFS), Jacksonville, Florida, announced that PNC Bank NA, Pittsburgh, has signed a contract to use BKFS' LoanSphere Empower[R] loan origination system (LOS). The bank will use a suite of Black Knight integrated technologies to manage both its first-mortgage and home-equity lending operations.
Empower is a comprehensive loan origination system that can be used for multiple origination channels, including retail, wholesale and consumer-direct lending. The LoanSphere Empower LOS helps lenders electronically originate, process and close loans, and includes products to support lead generation and reporting.
An April 27 release announcing the PNC contract signing says the bank will employ LoanSphere Empower, LoanSphere Exchange[TM], LoanSphere Quality Insight[TM] and certain data and analytics offerings.
The BKFS release added, "The new products being implemented will combine with...