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M R EP O RT | 27 BEST IN ORIGINATION TOOLS Black Knight KEY PERSONNEL Joe Nackashi President, Black Knight Rich Gagliano President, Black Knight Origination Technologies CONTACT INFORMATION 601 Riverside Ave., Jacksonville, FL 32204 844.474.2537 AskBlackKnight@BKFS.com BlackKnightInc.com END-USER CATEGORIES Originations Lenders COMPANY DESCRIPTION Black Knight, Inc. (NYSE:BKI) is a premier provider of innovative, high-performance technology, data, and analytics for first mortgages and home equity products. The company's innovative and integrated solutions deliver advanced capabilities, functionality, and support to help increase processing efficiencies, lower operational costs, and improve the homebuying experience for borrowers. BUSINESS LINES, SERVICES & PRODUCTS Black Knight's Empower® loan origination system (LOS) is built to help lenders of all sizes originate loans with superior efficiencies. With its integrated web APIs, task-driven, exception-based processing, and process automation, Empower can help lenders increase efficiency and speed, lower operational costs, and find opportunities to grow their customer base. Loan officers and borrowers both benefit from advanced features that enhance the user experience. The Empower software's integrated point of sale and loan officer solutions are self-service, responsive web- based solutions built for a seamless prequalification based on the lender's configurations and application process that can be accessed on-the-go. The tight integration with the LOS also means there's only one data source for the entire process, thereby reducing complexities and avoiding the need for multiple connection points. From point of sale through processing, underwriting, closing and post-close, Empower provides seamless access to the services needed to complete tasks with many of its integrations able to run behind the scenes. This "lights- out" processing and exception-based workflow increases productivity and accelerates cycle times by simplifying the steps involved. The system uses advanced process automation to perform numerous tasks that streamline manual, repetitive steps and can be used to read, comprehend, and draw conclusions based on lender-configured document or data content. All these actions create processing efficiencies, improving turnaround times and reducing the overall cost per loan. Its intelligent, end-to-end automation stretches across the origination lifecycle to help reduce manual tasks and enhance data consistency. With exception-based workflows, Empower systematically monitors the loan data for any inconsistencies and notifies the staff when manual reviews are needed. Additionally, lender-configurable, loan-level state and federal compliance testing can be embedded directly in the LOS workflow assisting lenders with addressing their compliance requirements. Empower integrates with several of Black Knight's innovative data and analytics solutions, as well as the industry-leading MSP ® servicing system for straight-through processing. Scalability of the LOS gives lenders a chance to grow while avoiding the need to switch platforms or constantly change staffing. Empower can support monthly originations from 100 to 100,000 or more—capable of serving lenders of any size. Black Knight also offers a rapid implementation option so mid-sized lenders can start leveraging the powerful Empower LOS in months. With reduced implementation timelines, costs and complexity, lenders can gain the benefits of Black Knight's powerful, modern and integrated system more quickly and easily. This unique deployment strategy can help regional banks, credit unions, and independent mortgage bankers implement new technology initially configured based on industry requirements and common practices. COMPETITIVE ADVANTAGE Black Knight's respected reputation for innovative solutions, integrated capabilities, and institutional trust have established the company as a leader in the financial technology industry. Empower stands apart in the loan origination software space as a single-platform solution that includes advanced machine- learning technology, digital point of sale, integrated real estate fees, tax and flood data, comprehensive PPE engine, digital closing, and actionable intelligence which together dramatically increase efficiencies and reduce the cost per closed loan. With the Empower system's rapid implementation solution, mid-sized lenders receive a pre-configured set of capabilities that are based on industry requirements and common practices specific to the mid-tier market within a few short months. ADDED VALUE TO CLIENTS Black Knight is a leader in the mortgage technology industry, and through years of exceptional client service has proven its commitment to investing in technology and enhancing solutions that meet lender and industry requirements, while reducing costs, maximizing business opportunities, and optimizing efficiencies. In addition to a proven platform with the latest technology, implementing a Black Knight solution comes with professional support. A team of highly skilled and dedicated professionals is assigned to each client to support full utilization of the solution. KEYS TO SUCCESS Black Knight has an accomplished history of delivering powerful, innovative solutions designed to meet the mortgage industry's evolving needs. By investing significantly in its technology and fostering collaborative relationships with clients, Black Knight has developed scalable, leading-edge products, while earning the trust of financial institutions of all sizes.