CIBM Bank, a mid-market banking and financial solutions provider with locations in Illinois, Indiana and Wisconsin, has signed an agreement to use Black Knight’s Empower loan origination system (LOS) and related integrated solutions to support its growing operations and the digital demand of customers.

“With Empower and the additional Black Knight solutions, we will gain a new level of digital and automated capabilities that will help us better achieve our business goals and enhance the service we provide to our borrowers,” said Gary Maughan, executive vice president, CIBM Mortgage. “We’ve found great success with Black Knight’s secondary market solutions, which have helped us achieve record results, and now we look forward to expanding our working relationship leveraging the Empower LOS and Black Knight’s full suite of integrated origination solutions.”

Empower features configurable “lights-out” automation that the company says will save CIBM Bank time and costs per loan.

To support its lending operations, CIBM Bank will also use several additional solutions that are seamlessly integrated with Empower. These include machine-learning technology for document classification and indexing; fee service for recording fees, transfer taxes, title, inspections and property tax; point-of-sale with digital loan officer capabilities; automated compliance validation testing; an end-to-end digital close solution with eDelivery, eSign and eNotary capabilities; and an advanced business intelligence solution for actionable analytics.

“We’re pleased to expand our relationship with CIBM Bank and deliver more digital capabilities to its operations,” said Rich Gagliano, president, Black Knight Origination Technologies. “By adding Black Knight’s LOS and suite of origination solutions, CIBM Bank will be able to better support its customers and realize greater operational efficiencies that will support its significant business growth.”

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