Note from the Publisher: We don’t often get a chance to feature mortgagetech news, so we were excited to hear of a new deal with US Bank to implement Black Knight Financial Services’ LoanSphere Exchange. In fact, these two entities already do business together for US Bank’s mortgage divisoin via a number of other Black Knight’s LoanSphere MSP modules.
“Black Knight Financial Services (BKFS) has announced that U.S. Bank, the fifth largest commercial bank in the United States, has signed an agreement to implement LoanSphere Exchange, an open technology platform that provides integration, data management, decisioning support and workflow management through a 24/7 data exchange.
Delivered by RealEC Technologies, a division of Black Knight, Exchange is an innovative, online platform that electronically connects lenders with more than 20,000 of the mortgage industry’s service and solution providers. Through Exchange, lenders gain a fast, secure way to aggregate data and centralize ordering of settlement services, such as title, closing, appraisal, credit, flood, fraud, verifications, fees and more. The platform offers event-based workflow and document services, including secure delivery, indexing and data extraction (OCR).”