Wednesday, May 10, 2017

Black Knight updates LOS to align with upcoming HMDA requirements

Black Knight Financial Services announced updates to its flagship loan origination system, LoanSphere Empower, which includes updates to support the Consumer Financial Protection Bureau’s expanded data collection requirements under the Home Mortgage Disclosure Act. As it stands, most of the provisions of the HMDA final rule will take effect on Jan. 1, 2018.

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