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Black Knight Releases New Origination and Loan Products

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Black Knight announced a new release of its CompassPoint and CompassPPE solutions that delivers new enhancements to help improve accuracy, efficiency, and automation in origination and secondary marketing. Both CompassPoint, an industry-leading risk management and loan sale platform; and CompassPPE, a preeminent product, pricing and eligibility engine, were added to Black Knight’s suite of premier solutions when it acquired Compass Analytics last month.

Expanding its suite of fully integrated loan sale automation and business intelligence reporting, new functionality was added to the CompassPoint Pooling Optimizer that streamlines 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. Intuitive reconciliation tools display the proposed margin structure changes so that users can confidently make updates to their models with ease.

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. 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 enhanced the pricing concession workflow between originators, branch managers and secondary lock desks. Lenders now have the ability 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.

“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,” said James Baublitz, Product Manager, Pipeline Analytics. “Today’s release is the latest manifestation of our commitment to help our clients cut costs, increase transparency and drive profitability.”

About Author: Mike Albanese

A graduate of the University of Alabama, Mike Albanese has worked for news publications since 2011 in Texas and Colorado. He has built a portfolio of more than 1,000 articles, covering city government, police and crime, business, sports, and is experienced in crafting engaging features and enterprise pieces. He spent time as the sports editor for the "Pilot Point Post-Signal," and has covered the DFW Metroplex for several years. He has also assisted with sports coverage and editing duties with the "Dallas Morning News" and "Denton Record-Chronicle" over the past several years.
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