Cathay Bank Signs Agreement to Implement the Empower Now! Solution to Support Mortgage and Home Equity Originations

Executive America Magazine
Profiles

Ansarada (ASX:AND): Developing software for companies to protect and realise their potential in their most critical activities

A global B2B SaaS company, ASX-listed Ansarada (ASX:AND) develops technology to solve the problems and frustrations caused by

SHP: Strengthening communities

With origins dating back over 120 years, SHP is a diverse architecture, design and engineering practice with two

LaPlante Real Estate: The business of relationships

A full service Real Estate brokerage and Property Management company located in Toledo, Ohio, LaPlante Real Estate’s departmentalized

Bellator MMA President Scott Coker: Transforming the American sports landscape

Founded in 2008, Bellator MMA has been a staple of the combat sport world for over a decade,

Acerus Pharmaceuticals (TSX:ASP | OTCQB:ASPCF): Building a sustainable, value-driven company

A TSX-listed commercial-stage pharmaceutical company, Acerus Pharmaceuticals has a vision to become a leading specialty pharmaceutical company focused

Kidoodle.TV: Safe streaming for kids

A family-focused kid’s streaming company, Kidoodle.TV is committed to encouraging safe streaming and viewing habits, hand-picking every show

Envirosuite (ASX:EVS): A market leader in environmental intelligence

An innovative tech company with roots in science, engineering, and consulting, Envirosuite is a global leader in environmental

Bill Identity (ASX:BID): A leading global provider of utility bill management technology

Trusted by businesses around the world, Bill Identity’s cloud-based technology leverages Robotic Process Automation, removing the need for
Columns

How long can we expect this inflation to last for?

With equities making up a large portion of total wealth in Australia, particularly within Super and retirement savings,

Understanding the economic difficulties of providing community support services

“The raising of extraordinarily large sums of money, given voluntarily and freely by millions of our fellow Americans,

Ohio: History of The State

In recognition of the Buckeye trees that grow abundantly in the area, Ohio is known as “The Buckeye

Ohio: Business and Economic Development

Ohio is ranked number 28th in the US in terms of economic outlook, as declared by the economic

Ohio’s Notable Cities and Towns

One of the best ways to define the beauty and prominence of a country is by looking at

Ohio: Tourist Spots You Shouldn’t Miss

No state or nation achieves greatness without sites and monuments worth visiting. Here are four Ohio landmarks worth

Spymasters, conspiracies, the PRC, & Dong Jingwei

The tensions currently exposed between the People’s Republic of China (PRC) and the United States, let alone the

How stimulus payments are incentivizing unemployment

The common phrase in many sectors right now is “I just can’t find good staff.” Businesses at all
Subscribe

Cathay Bank Signs Agreement to Implement the Empower Now! Solution to Support Mortgage and Home Equity Originations

Black Knight, Inc. (NYSE:BKI) announced that Cathay Bank, a subsidiary of Cathay General Bancorp (NASDAQ:CATY) and listed on the Forbes list of “Best Banks in America,” has signed an agreement to implement the Black Knight LoanSphere Empower loan origination system (LOS) leveraging the Empower Now! implementation model. Empower Now! is a lower-cost implementation approach designed specifically for mid-tier financial institutions to provide a quicker deployment of Black Knight’s enterprise platform.Empower Now! offers mid-market lenders the option of implementing LoanSphere Empower functionality under a core configuration that has been developed based on common practices among many of the nation’s top lending institutions. Once deployed, lenders can then refine that configuration as their needs dictate, and the scalability of Empower Now! allows them to remain on the same system as their businesses grow.

LoanSphere Empower is a comprehensive origination platform that many of the nation’s top lenders use to support their retail, wholesale, consumer direct and home equity channels. Empower helps lenders electronically capture, process, underwrite and close loans. Empower Now! delivers the same enterprise Empower components and integrations, but can be implemented in a reduced timeline and at a significantly lower cost.

“We are ready to deliver all of the competitive advantages that the Empower Now! solution offers to help Cathay Bank as it expands its lending operations,” said Rich Gagliano, president, Black Knight Origination Software division. “By providing robust LOS capabilities with an accelerated implementation timeline and a cost structure that aligns with mid-market lenders’ needs, we believe Cathay Bank is well-positioned to support its successful lending operation today, as well as in the future.”

About LoanSphere

LoanSphere is Black Knight’s premier, end-to-end platform of integrated technology, data and analytics supporting the entire mortgage and home equity loan lifecycle – from origination to servicing to default. The platform delivers business process automation, workflow, rules, and integrated data throughout the loan process, providing a better user experience, cost savings and support for changing regulatory requirements. By integrating lending functions and data, Black Knight’s LoanSphere helps lenders and servicers reduce risk, improve efficiency, and drive financial performance.

About Black Knight

Black Knight (NYSE:BKI) is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle.

Black Knight is committed to being a premier business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services and insights with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight, please visit www.blackknightinc.com.