Black Knight has enhanced the Expedite Close digital closing solution with advanced intelligence and data recognition capabilities. The platform has been able to support wet-ink, digital or hybrid mortgage closings, the upgrades will help determine the best way to close a loan based upon a lender's preferences and business rules, as well as jurisdiction-specific requirements.

"Right now, mortgage closing requirements are inconsistent and inefficient across the country, and even from lender to lender, or agent to agent," said Mike Brown, general manager of Black Knight's Lending Solutions division. "Expedite Close was designed to meet the challenges of today's closings, while delivering maximum benefit to our clients and their customers, and making the process, and implementation, as simple as possible."

Expedite Close can support fully digital closings, including eSign, eNotary and eClose components. For closings that are not fully digital, it automatically identifies and executes whatever combination of wet-ink and digital closing works best for the lender or the property jurisdiction, saving significant cost and time. Users cans adopt the features that meet their needs, or deploy complete digital closings, according to their timelines.

Also, advanced document-recognition capabilities enable static PDFs of closing documents to become searchable, eSignable and data-centric, allowing Expedite Close to streamline the post-closing process. The objective is to achieve increased speed, improve efficiency in the closing process, and support consistent origination process.

Expedite Close enhances the consumer experience by providing a more streamlined closing with the ability to review all necessary documents before the actual closing and eSign-appropriate documents. Lenders and settlement agents not only benefit from improved borrower satisfaction, but also from reduced risk and enhanced efficiencies without having to significantly alter their current processes.