OnPath Federal Credit Union Signs Contract for Empower, Black Knight's LOS and Suite of Integrated Origination Solutions
Black Knight, Inc. announced today that OnPath Federal Credit Union (OnPath FCU) has signed a long-term agreement for the Empower, Black Knight's loan origination system(LOS) and suite of integrated origination solutions to support its growing retail and home equity lending channels.
"This is an important investment to our digital strategy and our ability to deliver advanced capabilities to both our new and existing members," said Paul Catalano, Director of Mortgage Lending, OnPath FCU. "The Empower system and its integrated solutions will provide the automation we need to help us eliminate many of our manual tasks for a faster, more efficient loan process and a significantly enhanced member-for-life experience."
OnPath will continue using the mortgage industry's leading product and pricing engine from Optimal Blue, a division of Black Knight. Additionally, OnPath FCU will leverage other innovative capabilities integrated with the robust Empower LOS, including automated, machine-learning technology for "lights-out processing" of document classification and indexing tasks to further streamline workflows and reduce errors. Other Black Knight solutions that OnPath FCU will use include a digital point-of-sale solution that enhances the mortgage application process for borrowers and loan officers; a digital close solution with eDelivery and eSigning capabilities; a comprehensive fee service to help mitigate fee cures; robust property tax data; automated compliance validation testing; flood zone determination services and reporting; and an actionable intelligence solution that delivers instant access to information from multiple data sources to help forecast and monitor pipeline, productivity, cycle time and pull-through.
"By moving onto the Empower system and leveraging its integrated solutions, OnPath FCU will be able to deliver a more intuitive, robust digital mortgage experience to help increase member loyalty, employee retention, and boost growth," said Rich Gagliano, president, Black Knight Origination Technologies.