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Black Knight has unveiled a tool that helps lenders compare loan estimates and closing disclosures from closed loans to minimize mandatory 0% and 10% tolerance fee cures.
Black Knight’s new “fee cures suite” brings data from lenders’ loan origination systems together with the firm’s Ernst fee data and other analytics. Lenders are able to track fee cures at the loan level and to aggregate by source.
“As lenders struggle to maintain profit margins, fee cures are a preventable expense that can be addressed with better, more timely data," Rich Gagliano, president of Black Knight Origination Technologies, said in a statement.
