Black Knight, Inc. recently released two solutions intended to enhance accuracy, efficiency and automation in origination and secondary marketing.
Both CompassPoint, a risk management and loan sale platform, and CompassPPE, a pricing and eligibility engine, were added to Black Knight’s suite of premier solutions when it acquired Compass Analytics in September, according to a press release.
The CompassPoint Pooling Optimizer was created to streamline high-balance loan optimization based on month-to-date delivery parameters, including individual investors’ note rate and coupon rules. Additionally, the CompassPoint Rate Sheet & Margin tools were enhanced with fresh, dynamic user interfaces that allow lenders to efficiently model their margin structures at the channel, branch, product and originator levels, the release states. Intuitive reconciliation tools display the proposed margin structure changes so that users can confidently make updates to their models with ease.
“Our October release prioritizes features that help lenders drive profitable production and that broaden our suite of margin management tools, which are unrivaled in the mortgage industry,” Black Knight Product Manager, Pipeline Analytics James Baublitz said in the release. “Today’s release is the latest manifestation of our commitment to help our clients cut costs, increase transparency and drive profitability.”
Consistent with Compass Analytics’ longstanding focus on providing sophisticated and transparent solutions to the mortgage industry, CompassPPE includes a new side-by-side product comparison feature which allows originators to compare up to three eligible loan programs at once, the release states. This scenario analysis, along with originator-entered notes, can be saved as a PDF and emailed to the borrower from a desktop or mobile device.
Additionally, CompassPPE allows lenders to define tolerances around concessions, and secondary staff have an improved user interface for decision-making around concession requests, inclusive of metrics from Compass Analytics’ Originator Scorecards.