Black Knight, Inc. announced it will be integrated with loanDepot's next generation of lending services as the company migrates some of its backend operations to Black Knight's scalable and secure cloud-based Empower loan origination system (LOS). The Empower migration will complement and integrate with loanDepot's proprietary technology ecosystem, mello, which was unveiled by the company in 2017 and continues to be an important part of the company's value proposition for originators. Utilizing the enhanced, cloud-based version of Empower, loanDepot will now be able to further leverage the skills and capabilities of Black Knight throughout its backend operations, increasing customer and originator satisfaction, operational efficiency, and loan quality, all while driving down its overall cost to produce.

By utilizing the Empower LOS, lenders like loanDepot can realize improved loan processing cycle times and increased system reliability, as well as easily implement product upgrades and new version releases, while continuing to benefit from the proven support and scalability of Black Knight's hosting capabilities. As a cloud-based, scalable solution, Empower relieves clients like loanDepot of the burden of maintaining their own independent backend loan origination systems. Importantly, this means loanDepot can implement system upgrades or adjust parameters to meet specific compliance needs more quickly and less expensively than in previous generations of technology builds or rollouts. Empower's overall flexibility will also allow loanDepot to custom-configure the platform to its unique processes and workflows, ultimately allowing Empower to function as an in-house backend system that complements loanDepot's proprietary mello ecosystem.

Powered by APIs, the Empower/mello integration will support a seamless digital experience for customers, as well as provide greater ease and speed for the loanDepot professionals who serve them.