Mortgage Tech Rundown: Black Knight, Notaroo, and Latch

By Housing News

Black Knight, a provider of
integrated software, data and analytics to the mortgage and real estate
industries, announced the launch of its Regulatory Assist solution.

Regulatory Assist, which integrates directly with the Black Knight
Empower loan origination system, as well as other loan origination platforms, is
designed to help clients streamline the compliance-testing process and make
compliance validation easier, according to the company.

The solution is a centralized rules engine that enables
clients to perform a broad scope of both state and federal loan-level
compliance validation tests. By using this solution, Black Knight says clients
will be able to run “lights-out” validations based on the client’s
configuration, with no manual intervention by leveraging the Empower
Orchestration Engine.

 “Black Knight offers several services today to support our clients’
compliance requirements, and we are excited to expand that support with the
launch of Regulatory Assist,” said Rich Gagliano, Black Knight Origination
Technologies’ president. “Compliance testing can add significant time and cost
to the loan origination process. By embedding state and federal compliance
checks in the origination process via Empower, Regulatory Assist will
significantly streamline loan-level testing, which can result in reduced
operational costs.”

Tech startup Notaroo recently announced the
launch of its mobile notary scheduling platform, which is designed to provide
reverse mortgage companies with greater oversight and control in the loan
closing process.

According to the company, Notaroo promises to revolutionize HECM loan closings by bringing speed, efficiency, and transparency to the process. In order to do so, the platform integrates its technology with the specific preferences of its users to ensure a more predictable experience for borrowers.

“As a previous originator and manager of multiple lending platforms, I experienced first-hand the chaos inherent in the notary process, leaving me and my colleagues feeling out of control,” said Todd Ausherman, Notaroo’s founder, and CEO. “There was and still is limited transparency, communication, and consistency between the notary, escrow and the lender.”

Ausherman said
Notaroo’s new loan closing tool puts the control back into the hands of users,
as key parties will now be more informed and
involved throughout the process.

Latch, the maker of the
first integrated access system for multifamily apartments, announced the
extension of its full-building solution with the launch of the Latch Intercom.

In a press
release, the company explained the Intercom will integrate with their front
door devices and software products, as well as a variety of speakers from Sonos,
therefore facilitating smarter home entry. 

Additionally, Latch
announced plans to unveil an updated Latch App and Latch M Series. The Latch
update will give property managers the
ability to receive real-time guest notifications and access updates when
using Latch to facilitate services, whereas the M series update will enable
residents to easily control devices, including lights, thermostats, sensors and
more, according to the company. 

“We’ve spent the last five years focused on creating and deploying our
access-control products, and today, we’re thrilled to show how they power new
services and experiences,” said Luke Schoenfelder, Latch’s co-founder and CEO.
“With these additions to the Latch system, we’re able to further deliver on our
mission—helping people open, manage, and share the spaces that matter.” 

The post Mortgage Tech Rundown: Black Knight, Notaroo, and Latch appeared first on HousingWire.


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