Black Knight announced Wednesday its new LoanSphere Actionable Intelligence Platform, which will utilize the company’s data and technology solutions to provide lenders with actionable intelligence.

The new solution is intended to help mortgage lenders and servicers grow their business while reducing processing time, costs and risk.

“The Actionable Intelligence Platform will help our clients with some of their toughest business challenges by delivering strategic, proactive and actionable analytics across every function and level of a client’s organization to support smarter decision-making,” Black Knight CEO Anthony Jabbour said. “This game-changing solution provides clients with a competitive edge and unparalleled business insight by giving organizations the tools, tasks and information necessary to take the right actions at precisely the right time.”

The new platform helps lenders and servicers generate more leads, increase customer retention, operate more efficiently and reduce risk, according to Black Knight. The solution can also integrate with client and third-party proprietary data in order to deliver insights into the user’s organization.

Some of the levels of insights the platform provides includes Strategic Analysis, which gives executives a view of the company’s performance; Proactive Analytics, which makes managers become more aware of exceptions, events and activities that require attention, enabling them to adopt a more proactive approach and recommend appropriate actions; Actionable Analytics, which communicates specific actions to employees at the right time; and Innovative Analytics, which allows market analysts to develop analytics based on an organization’s portfolio or strategy.

“The Actionable Intelligence Platform represents the fruition of years of investment and innovation in Black Knight’s expansive data and cutting-edge analytics,” said Tyler Sherman, Black Knight president of the enterprise business intelligence division. “Only Black Knight has consolidated this breadth of industry data and analytics into one complete, integrated offering with the power to improve the way our clients’ organizations work by growing revenue, improving operational efficiency and supporting their compliance efforts.”