DALLAS, Dec. 5, 2016 /PRNewswire/ -- LoanBeam®, a provider of cutting-edge automated income calculation software, announced that it will integrate with Black Knight Financial Services' loan origination system, LoanSphere Empower. This integration will enable lenders to order LoanBeam's solutions directly through Empower to improve income calculation and risk assessment.
With this integration, submitting a borrower's financial information and tax documents to LoanBeam is easier than ever. No unnecessary downloads and uploads are needed to use both systems.
Lenders using Empower version 6.3 will be able to submit tax returns for income calculations directly from the system and receive fully calculated income information on even the most complicated income taxes, saving hours of underwriting time.
"By providing a secure, seamless integration with LoanBeam's automated income calculation service within Empower, lenders are presented with another opportunity to simplify the submission of borrower information for a more efficient mortgage loan process," said Jerry Halbrook, President of Black Knight's Origination Technologies division.
"LoanBeam is excited to integrate with an organization like Black Knight on the forefront of the digital mortgage revolution," said Kirk Donaldson, President of LoanBeam. "Combining our capabilities with Black Knight's Empower will help provide our clients with consistent, transparent and accurate income calculation tools so they can handle mortgage loans more effectively while saving days of processing time."
With over a decade in tax preparation and accounting services, LoanBeam has positioned itself as the standard in automatic income calculation amongst market influencers. LoanBeam is leveraging big data partners, advantaged scanning technologies, and patented algorithms to reduce multiple streams of income into a single, easy-to-read, electronic output. The company's headquarters is in Dallas, Texas. For more information, visit www.LoanBeam.com.
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