Black Knight Inc. has premiered Seller Digital, a correspondent lending platform for lenders seeking to track commitment pipelines, manage conditions, and validate pricing to register and lock Best Efforts loans and allocate Mandatory loans to commitments.
According to the Jacksonville, Florida-headquartered company, Seller Digital enables two-way communication between the seller and purchaser during the correspondent transactions. The platform is fully integrated with Empower, Black Knight's loan origination system and product, pricing and eligibility engine, as well AIVA, the company’s artificial intelligence solution for automating data and document collection processes.
Black Knight noted that purchasing lenders using Seller Digital can manage loan conditions systematically for each purchase transaction while filtering conditions based on categories and creating on-demand notifications for any exceptions that may need attention. Lenders can also subscribe to notifications that alert them of any new conditions and can easily upload documents to satisfy these conditions directly from the pipeline view.
"Seller Digital is an evolution of traditional correspondent lending platforms, created to deliver a seamless process from pricing to delivery," said Rich Gagliano, President of Black Knight Origination Technologies. "By building this innovative solution with feedback from correspondent sellers, we were able to amplify the buy/sell experience with the features most important to them without any cluttered add-ons, which are often unnecessarily included in other systems."