We have data on 112 companies that use Empower. The companies using Empower are most often found in United States and in the Financial Services industry. Empower is most often used by companies with >10000 employees and >1000M dollars in revenue. Our data for Empower usage goes back as far as 2 years and 6 months.
We use the best indexing techniques combined with advanced data science to monitor the market share of over 15,000 technology products, including Loan Management. By scanning billions of public documents, we are able to collect deep insights on every company, with over 100 data fields per company at an average. In the Loan Management category, Empower has a market share of about 0.9%. Other major and competing products in this category include:
Empower is an enterprisewide loan origination system (LOS) used by lenders to originate first mortgages, home equity loans and lines of credit. It allows lenders to enhance data integrity, improve cycle times and lower origination cost per loan. Empower's LOS data, pricing and documents can be integrated with digital platforms through APIs to support digital mortgage strategy and provide a simpler, faster and more transparent loan process.
Looking at Empower customers by industry, we find that Financial Services (37%), Banking (24%) and Information Technology and Services (13%) are the largest segments.
91% of Empower customers are in United States.
Of all the customers that are using Empower, a majority (57%) are large (>1000 employees), 10% are small (<50 employees) and 26% are medium-sized.
Of all the customers that are using Empower, a majority (52%) are large (>$1000M), 32% are small (<$50M) and 6% are medium-sized.