Black Knight Digital Closing Solution Helps Determine Best Way to Close a Loan

January 22, 2019

Black Knight’s digital closing solution has been enhanced with data recognition capabilities that can automatically determine the best way to close any given loan based upon a lender’s preferences and business rules, as well as jurisdiction-specific requirements.

“Expedite Close was already a game-changer for e-closings by seamlessly supporting hybrid or fully digital processes while also making sure settlement agents, lenders, real estate agents, consumers and investors had what they needed without requiring changes to current practices or systems,” said Mike Brown, general manager of Black Knight’s Lending Solutions division. “But now it takes e-closing to a whole new level with advanced intelligence capabilities that automatically determine and execute on the best way to close a loan, based upon lender preferences and what a given jurisdiction allows. This newest iteration of Expedite Close is yet another innovative solution Black Knight is bringing to market as we continue to help transform the industry.”

Whenever possible, Expedite Close supports fully digital closings—including eSign, eNotary and eClose components. For closings that are not fully digital, Expedite Close identifies and executes whatever combination of wet-ink and digital closing works best for the lender and/or the property jurisdiction, saving significant cost and time. Expedite Close also enables lenders to adopt digital elements at their own pace, without requiring the purchase of additional technology when the lender—or the jurisdiction—is ready to embrace completely digital closings.

This closing solution also digitally audits the entire closing package at completion. Additionally, advanced document-recognition capabilities enable static PDFs of closing documents to become searchable, e-signable and data-centric, allowing Expedite Close to streamline the post-closing process.

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