JACKSONVILLE, Florida, March 17, 2021 / PRNewswire / – Right this moment, Black Knight, Inc. (NYSE: BKI) introduced that Hudson Valley Credit score Union, one of many largest credit score unions new York with over $ 6 billion in property, signed an settlement to make use of Black Knight’s built-in end-to-end mortgage origination and administration software program options to help its rising enterprise, together with the Empower mortgage origination system and MSP service.
“We’re dedicated to the satisfaction of our members and purpose to ship the absolute best expertise, which is why we’ve got chosen Black Knight know-how techniques,” stated Hudson Valley Credit score Union Senior Vice President of Loans Brian Waldron. “No different vendor has a completely built-in system. Moreover, Black Knight shared the same mission centered on member satisfaction, and we consider that as we develop, the confirmed capabilities of Black options Knight and their continued funding in its know-how will assist us obtain our targets. “
Hudson Valley Credit score Union will use Black Knight’s Empower mortgage origination system, which may generate senior mortgages and residential fairness loans, and help retail, wholesale, shopper direct, fairness housing, assumptions and corresponding lending channels on a single platform. Black Knight’s digital Originations resolution – built-in with Empower – will assist present a fast and easy-to-use prequalification and mortgage software course of for each. Hudson Valley Credit score Union members and its mortgage officers. A complicated and automatic product, pricing and eligibility engine are additionally constructed into the authoring workflow; digital level of sale capabilities for borrower and mortgage officer; full paid service and compliance validation testing. Moreover, members will profit from eClose options that cut back time and prices in comparison with conventional closings, whereas performing mandatory steps remotely.
Because the loans go dwell, Hudson Valley Credit score Union will use MSP, Black Knight’s state-of-the-art service system, which is built-in with Empower to assist with the restoration and retention of its members. MSP helps maintainers handle all upkeep processes to realize larger operational effectivity, enhance danger administration and supply superior service. As well as, Black Knight’s loss discount app helps business commonplace maintain and liquidation periods to streamline the loss mitigation course of and cut back danger.
To finish the MSP system, Hudson Valley Credit score Union will use Black Knight’s Servicing Digital cellular resolution. Obtainable as a local app or responsive net design, Servicing Digital will allow you to Hudson Valley Credit score Union broaden member relationships and improve retention by offering members with entry to details about their house and mortgage, in addition to educating them about further alternatives resembling refinancing, house fairness loans, or house fairness shopping for one other home. The detailed, well timed and extremely customized mortgage info obtainable in Servicing Digital will assist members perceive the worth of their house and the wealth that may be constructed from these actual property property.
Lastly, to additional enhance its origins and upkeep operations, Hudson Valley Credit score Union will implement Black Knight’s Motion Intelligence Platform, which delivers strategic and proactive analytics to the suitable folks on the proper time to assist mortgage and repair prospects earn and retain prospects, cut back dangers and cut back operational prices.
“Black Knight is concentrated on offering revolutionary platforms and options to assist credit score unions higher serve their members, so we proceed to take a position closely in our know-how to ship cutting-edge developments,” stated Joe nackashi, President, Black Knight. “By leveraging a number of Black Knight options built-in all through the mortgage lifecycle, Hudson Valley Credit score Union will add important worth to its operations, whereas bettering the service they supply to their rising member base. “
About Hudson Valley Credit score Union
Hudson Valley Credit score Union is a credit score union serving the new York counties Albany, Columbia, Dutch, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Ulster, and Westchester. Based in 1963 in Poughkeepsie, New York, the establishment has greater than 309,000 members and greater than 800 workers March 2021. HVCU is likely one of the largest credit score unions United States with property totaling greater than $ 6 billion from February 2021.
About Black Knight
Black Knight, Inc. (NYSE: BKI) is an award-winning software program, information and analytics firm that drives innovation within the mortgage lending and providers and actual property industries, in addition to the monetary and secondary markets. . Companies leverage our strong and built-in options all through the homeownership lifecycle to assist retain current prospects, acquire new prospects, mitigate danger and function extra effectively.
Our prospects depend on our confirmed, complete and scalable merchandise and our unwavering dedication to offering superior buyer help to realize their strategic targets and higher serve their prospects. For extra info on Black Knight, please go to BlackKnightInc.com.
SOURCE Black Knight, Inc.