Black Knight, Inc. announced that Sound Credit Union (Sound) has signed a contract to implement the Black Knight Empower loan origination system (LOS) and integrated suite of origination solutions to support its growing member base and create a more efficient operation. Sound will use the Empower LOS to streamline the origination of first mortgages and home equity loans from prequalification through closing. The system's advanced capabilities are designed to automate processing of certain tasks based on the lender's configuration with minimal human intervention – often referred to as "lights-out processing." Empower actively monitors for key data changes – or lack of changes – and triggers automated or manual tasks to be completed based on lender-configurable logic, when appropriate, further mitigating risk and increasing data integrity.

The Empower system is also able to effortlessly scale to accommodate the growth of Sound. The credit union will use Black Knight's full suite of originations solutions, including artificial intelligence for document classification and indexing; and the industry's top service for recording fees, transfer taxes, title, inspections and property tax to help prevent costly fee cures. In addition, Sound will utilize a mobile-friendly point-of-sale solution that guides members through the loan process, while validating documents and data; a digital solution used by loan officers to follow members through the loan process in a single, mobile-friendly location; web APIs for automated data transactions; compliance automation; and an advanced business intelligence solution for actionable analytics.

Sound will also use Black Knight's industry-leading product, pricing and eligibility engine (PPE) to quote the right loan products using the most current price available. With a complete, integrated system, Sound can simplify its origination process, maintain consistent data throughout, accelerate turnaround times and help improve the satisfaction of staff and members.