JACKSONVILLE, Florida, 25 August 2021 / PRNewswire / – Today, Dark Knight, Inc. (NYSE: BKI) announced that CIBM Bank, a mid-size banking and financial solutions provider with locations in Illinois, Indiana and Wisconsin, has signed an agreement to use the Black Knight Empower Loan Origination System (LOS) and associated integrated solutions to support its growing operations and digital customer demand.

“With Empower and additional solutions from Black Knight, we will gain a new level of digital and automated capabilities that will help us better meet our business goals and improve the service we provide to our borrowers,” said Gary Maughan, Executive Vice President, CIBM Mortgage. “We have had great success with Black Knight’s aftermarket solutions, which have helped us achieve record results, and we are now looking forward to expanding our working relationship by leveraging Empower LOS and beyond. complete with integrated origination solutions from Black Knight. ”

The Empower system supports the origination of senior mortgages and home equity loans, and supports retail, wholesale, consumer direct, mortgage and correspondent channels, all on one platform. The easy-to-use and highly configurable platform helps streamline the creation process from loan application to closing. Empower offers configurable ‘off-the-shelf’ automation that will save CIBM Bank time and cost per loan, while helping staff process additional loans faster and provide an improved borrower experience.

To support its lending operations, CIBM Bank will also use several additional solutions that are seamlessly integrated with Empower. These include machine learning technology for document classification and indexing; fee service for registration fees, transfer duties, title, inspections and property tax; point of sale with digital loan officer capabilities; automated compliance validation tests; an end-to-end digital fencing solution with eDelivery, eSign and eNotary capabilities; and an advanced business intelligence solution for actionable analyzes.

“We are excited to expand our relationship with CIBM Bank and bring more digital capabilities to its operations,” said Rich Gagliano, President of Black Knight Origination Technologies. “By adding the LOS and Black Knight’s suite of origination solutions, CIBM Bank will be able to better support its clients and achieve greater operational efficiency that will support its significant business growth.”

About CIBM Bank
CIBM Bank is a 100% subsidiary of CIB Marine Bancshares, Inc. Based in Champagne, Illinois, we provide personalized banking services and related financial solutions to small and medium-sized businesses, their owners and employees, as well as consumer households in our communities. We leverage our entire banking team to provide our clients with superior service with a high degree of professionalism and integrity. We operate our business to support the sustainable success of our clients, contribute to the quality of life and economic development of our communities, provide growth opportunities and challenge our employees to increase shareholder value.

About Black Knight
Black Knight, Inc. (NYSE: BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and services and real estate industries, as well as in capital markets and secondary. Businesses leverage our robust integrated solutions throughout the homeownership lifecycle to help retain existing customers, gain new customers, mitigate risk and operate more efficiently.

Our customers rely on our proven, comprehensive and scalable products and our unwavering commitment to providing superior customer support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

For more information:


Michelle kersch

Mitch cohen

Dark Knight, Inc.

Dark Knight, Inc.

904.854.5043

704.890.8158

[email protected]

[email protected]

SOURCE Black Knight, Inc.

Related links

www.blackknightinc.com


Source link

Leave a Reply

Your email address will not be published.