Fifth Third Bank, a diversified financial services company headquartered in Cincinnati, Ohio, has selected Black Knight Financial Services’ full suite of mortgage loan and home equity origination solutions.

The solution will enable the lender to support its retail, consumer direct and correspondent mortgage loan channels, as well as home equity product originations, the technology vendor said.

Black Knight’s full suite loan origination solutions include LoanSphere Empower, LoanSphere LendingSpace, LoanSphere Exchange, and LoanSphere Quality Insight.

LoanSphere Empower is a comprehensive LOS that supports originations of first mortgages and home equity loans. The Web-based, enterprise LOS will help the bank electronically originate, process and close loans, and includes a solution for reporting, dashboards and ad hoc queries.

LoanSphere LendingSpace is an end-to-end LOS that offers the controls, security and configuration necessary to build or enhance correspondent lending programs. It performs all lending activities within one system for a seamless, standardized workflow that follows each lender’s specific processes and rules.

LoanSphere Exchange is a Web-based technology that allows the lender and its service providers to connect and order products and services electronically through a secure, standards-based platform that provides integration, data, workflow and decisioning support.

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While, LoanSphere Quality Insight is a loan quality assessment tool that automates internal quality control reviews, provides consistent feedback on investor and lender compliance requirements, supports remediation and exception processing, and helps improve data integrity and reduce repurchase requests.

Black Knight’s Origination Technologies division president Jerry Halbrook said: "Black Knight’s LoanSphere technology will help streamline Fifth Third’s lending operations, providing the company with the integrated solutions needed to help meet its compliance obligations and achieve greater efficiencies across the origination loan lifecycle.

"The combination of Black Knight’s technologies, which deliver end-to-end capabilities, will help lenders like Fifth Third realize greater value by using integrated technology from a single provider."