US Bank adds Black Knight LOS to correspondent, HFA channels

The lender already uses the firm’s MSP servicing system

US Bank adds Black Knight LOS to correspondent, HFA channels

The fifth largest US commercial bank is deepening its relationship with fintech Black Knight to manage a key part of its loan portfolio.

US Bank will implement the Empower LOS to manage loans purchased via its correspondent and HFA lending channels. The bank already uses Black Knight’s MSP servicing solution which integrates with the LOS; and its artificial intelligent virtual assistant AIVA.

“Aligning with Black Knight’s Empower for our Correspondent and HFA business serves our forward-looking vision of providing innovative capabilities that advance the lending process and provide a better client experience,” said Tom Wind, executive vice president, US Bank. “Expanding our enterprise relationship with Black Knight allows us to enhance our digital capabilities and customer experience throughout the entire homeownership cycle.”

The enhanced relationship is also expected to provide efficiencies for the bank and provide stronger data integrity and reduced risk.

 “Enhancing Empower to fully support all lending channels is part of our vision to provide end-to-end support across the loan life cycle,” said Anthony Jabbour, CEO, Black Knight. “By adding Empower to the number of our solutions US Bank uses, they are well-positioned to realize the exponential value that comes from using multiple Black Knight products across the enterprise.”