Home Equity Lines Of Credit

Black Knight introduced a new app to speed up applications for home equity lines of credit, the company announced. The app, Validate, allows borrowers to include photos of their property as part of their application. The photos are then analyzed with AI to calculate the home’s condition in real-time, speeding up the approval process. Borrowers complete a questionnaire to verify public record data and list any necessary repairs after submitting photos, Black Knight said. Photos are time-stamped and GPS verified to ensure current property condition and location are accurate. The address is then scored based on comparable properties to create a condition-adjusted valuation model. Lenders receive the property value and available equity immediately via API or PDF, saving time and…