LoanSphere Empower now verified to generate UCD files


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Black Knight announced last week that LoanSphere Empower, its loan origination system (LOS), has been verified by both Fannie Mae and Freddie Mac to generate Uniform Closing Dataset (UCD) files.

“Empower delivers a streamlined and efficient method for lenders to generate and submit UCD files, as well as correct any findings before a loan closes,” said Jerry Halbrook, president of Black Knight’s Origination Technologies and Enterprise Business Intelligence divisions. “Black Knight collaborated with Fannie Mae and Freddie Mac to test the Empower functionality, and we are pleased that the system is verified by them. We continually make investments in Empower and our other origination technologies to support investor guidelines and to deliver robust, innovative functionality that will help lenders realize greater efficiencies, maintain regulatory compliance, enhance the customer experience and drive financial performance.”

According to the news release:

“Empower provides system-to-system integrations with Fannie Mae’s UCD collection solution, as well as Freddie Mac’s Loan Closing AdvisorSM. These integrations allow Empower users to generate a UCD file directly in the LOS, submit files to Fannie Mae and Freddie Mac for quality and eligibility checks prior to loan close, receive feedback, and then make any necessary changes based on those findings.”


Related stories:
Evergreen signs up for Black Knight’s LoanSphere MSP
Mortgage mobile solutions company integrates with LoanSphere Expedite
 


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