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Quicken Loans will be among the initial clients to use Black Knight's customer service solution.
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With fintech pioneer Quicken Loans blazing the trail, downtown Detroit has become a national tech hub - attracting dozens of international tech companies, including Microsoft, LinkedIn, Amazon, Google, Pinterest, Snapchat, Twitter, Uber and StockX - among the growing list of companies located there.īlack Knight is renowned in the industry for its innovative technology, data and analytics that cover the entire spectrum of the real estate and mortgage life cycles based on an unwavering commitment to client support.
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Quicken Loans developed the Cyclops software in 2016 from the heart of downtown Detroit. The company was also ranked highest in the country for customer satisfaction among all mortgage servicers the past six consecutive years, 2014 - 2019. Power for the past 10 consecutive years, 2010 - 2019.
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These innovative technologies along with an award-winning culture and client experience have led to Quicken Loans being ranked highest in the country for customer satisfaction in primary mortgage origination by J.D. Today, 98% of all home loans originated by Quicken Loans utilize Rocket Mortgage technology. In 2016, Quicken Loans revolutionized the mortgage industry yet again with the introduction of Rocket Mortgage - the first fully digital mortgage experience. The company has been offering mortgages online since the late '90s.
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Quicken Loans has a heritage of using technology to make the mortgage process easier. Quicken Loans has been a long-time client, and we are excited to broaden our relationship with them." "We share a common vision with Quicken Loans for the future of customer service, and by building upon its proven platform, we are able to accelerate the delivery of this powerful solution. We are committed to developing best-in-class solutions and, when appropriate, acquiring proven technologies to accelerate our time to market for our clients," said Anthony Jabbour, CEO of Black Knight, Inc. "Black Knight continues to innovate with urgency. This solution will give professionals the ability to provide an omni-channel customer experience, whenever and however the customer wants to interact with their servicer, which will result in deeper borrower relationships and increased customer retention.
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For example, by accessing the home's value, a customer service professional can present refinance and home equity opportunities to borrowers. Upon launch, this advanced software from Black Knight will include highly personalized information about loans, homes and neighborhoods. We are looking forward to Cyclops benefiting even more consumers with the industry-leading client service the tool can facilitate." Our success comes from groundbreaking technology and the streamlined processes it can provide. "Our focus is always on our clients and how we can make their experience easier and more transparent. "After decades of disruption, this acquisition is further proof of our technology team's power and innovation," said Jay Farner, CEO of Quicken Loans. This software suite will serve as the foundation for a highly advanced customer service solution that Black Knight will be offering to clients of its industry-leading MSP servicing system. The Cyclops software provides a number of tools Quicken Loans uses to meet the needs of today's mortgage consumers.