Dark Matter Launches Assumable Mortgage Feature For Empower LOS

Dark Matter Technologies jumped head-first into the assumable mortgage space with a new feature in its Empower loan origination system. The Loan Assumptions feature makes Empower the first mortgage loan origination system to natively support these types of transactions. “After successfully piloting our loan assumption capability with a select group of early adopters, we’re incredibly pleased with the progress, success, and the general availability of this important feature that consumers and real estate agents are increasingly asking for by name,” said Dark Matter CEO Rich Gagliano.  “By partnering with Dark Matter, mortgage originators and servicers can transfer assumable mortgages for home buyers and sellers in a manner that is compliant and efficient.” Assumable mortgages are gaining popularity as homebuyers and…

One-On-One: CEO of Dark Matter Technologies Talks About Transition, Automation

The CEO of Dark Matter Technologies says they remain focused on streamlining processes for their clients as they work to revolutionize the mortgage industry. Leaders at the company, formerly Black Knight Origination Technologies, announced in September that they had rebranded after being acquired by the Perseus Operating Group of Constellation Software. Since that time, they have announced a collaboration with Argyle to simplify the income and employment verification process and an integration that allows lenders to instantly leverage income and employment information through Experian Verify. They have also implemented an automated workflow in the Empower loan origination system that makes it easier for lenders to identify and qualify loan applicants who could benefit from an evaluation of their rent payment…

Black Knight Origination Technologies Rebranded To Dark Matter

Black Knight Origination Technologies has rebranded to Dark Matter Technologies after being acquired by Perseus Operating Group. Optimal Blue, Black Knight’s secondary market solutions and actionable data services business, was acquired by Perseus, part of Constellation Software Inc., in July. Dark Matter will remain in Florida and keep key executives. “We’re excited to invest in this industry leader and to bring the impressive product roadmap to life. The leadership, the talented teams, the strong customer relationships — Dark Matter Technologies has everything we look for in an acquisition,” said Tom George, co-president of the Romulus portfolio of Perseus, who led the acquisition with Bonnie Wilhelm, COO of Perseus. The sale of the unit follows Constellation’s acquisition of Black Knight’s loan-origination…