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What is Newgen Retail Loan Origination?

Revolutionize your retail loan origination process by implementing a flexible and responsive consumer lending application that aligns with our digital transformation strategy. This initiative will significantly improve the digital experience and provide features like automated underwriting, instant decision-making, and efficient exception management. Create a smooth and straightforward loan disbursement process for various financial products, including credit cards and personal loans, eliminating any manual involvement. Leverage digital collaboration tools for more complex loans, such as HELOCs and home equity loans, to facilitate faster turnaround times. Utilize a real-time dashboard to effectively track processes, pipelines, and overall productivity levels. By automating every component of consumer loan origination—from loan applications and underwriting to decision-making, closing, and booking—you will transition to a fully paperless environment. This advanced lending platform promises straight-through processing, resulting in quicker loan approvals and disbursements from financial institutions, which will ultimately boost customer satisfaction and enhance operational efficiency. Additionally, embracing this cutting-edge approach will help you optimize your lending operations, ensuring you remain competitive in the rapidly changing financial landscape while meeting customer expectations effectively.

What is Black Knight Empower?

Empower®, the leading loan origination system (LOS) developed by Black Knight, offers advanced features designed to boost efficiency, accelerate processes, minimize operational costs, and enhance the overall homebuying journey for customers. This versatile platform supports multiple channels such as retail, consumer-direct, home equity, correspondent, wholesale, and assumption, all seamlessly integrated into a single system. Black Knight also provides a rapid implementation option that is especially advantageous for mid-market lenders aiming for a scalable and high-quality LOS, allowing them to launch their operations more swiftly and affordably. By utilizing this pre-configured solution that complies with industry benchmarks, lenders can readily tap into and leverage the latest innovative features available. Moreover, Empower optimizes repetitive processing tasks based on each lender's specific preferences, reducing the necessity for manual involvement and enabling a stronger emphasis on customer service. Ultimately, with its extensive functionalities, Empower emerges as an indispensable tool for lenders eager to refine their workflows and improve service delivery. As the lending landscape evolves, leveraging such advanced technology becomes increasingly crucial for maintaining a competitive edge.

Media

Media

Integrations Supported

BeSmartee
ConformX
DocVu.AI
FirstClose
FormFree
NilNexus
SOLEX

Integrations Supported

BeSmartee
ConformX
DocVu.AI
FirstClose
FormFree
NilNexus
SOLEX

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Newgen Software

Date Founded

1992

Company Location

United States

Company Website

newgensoft.com/solutions/industries/financial-institutions/lending-loan-origination/consumer-retail-lending/

Company Facts

Organization Name

Black Knight

Date Founded

2014

Company Location

United States

Company Website

www.blackknightinc.com/markets-we-serve/mortgage/loan-origination-solutions/empower-loan-origination-system/

Categories and Features

Loan Origination

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

Categories and Features

Loan Origination

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

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