Black Knight Releases TRID-Compliant LOS Upgrade

July 2, 2015

Black Knight Financial Services Inc. released version 5.1.4 of Empower, the company's loan origination system (LOS) for retail and wholesale lending. The upgrade includes the core functionality required for lenders to support the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures (TRID) rule. The new version enables clients to further engage in production-level testing and provide final feedback regarding any refinements that would better support their operations, processes, training requirements and workflow.

As testing of Empower 5.1.4 is finalized, BKFS may release additional versions of the LOS in the coming months based on client testing and findings as they continue their TRID-readiness plans. Additionally, Empower’s configurable design will easily accommodate the latest CFPB mandatory TRID date change for implementation without the need to update core source code.

Utilized by six of the top 20 lenders in the U.S., Empower is available as both an ASP- and lender-hosted loan origination and Web portal solution that supports retail, wholesale and consumer direct channels and helps lenders electronically capture, process and close loans.


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