As more mortgage technology companies enter the scene, competition for affordability and personalization has escalated this week as proptech technology has entered more niche submarkets.
Data analytics giant Black Knight has unveiled a new self-serve-style matching loan platform that will allow lenders to manage terms and validate price locks on Best Effort loans.
Called Seller Digital, the platform will also allow secondary market lenders to track and validate the mandatory commitments they are working on in the pipeline.
“To be competitive in today’s correspondent market, lenders need to be able to offer their vendors a simple, self-service platform,” said Rich Gagliano, president of Black Knight Origination Technologies. “Seller Digital exceeds these requirements with its unique customization, automation and integration capabilities, while giving lenders the power to customize configurations to suit their own business.
- According to the source Mortgage Tech: Black Knight, CoreLogic and Mutual of Omaha
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