We have data on 32 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 4 months.
|Synovus Financial Corp||synovus.com||United States||>1000M||1000-5000|
|Embrace Home Loans, Inc.||embracehomeloans.com||United States||100M-200M||1000-5000|
|Investopedia, LLC||investopedia.com||United States||10M-50M||50-200|
|LTD Global, LLC||ltdglobal.com||United States||1M-10M||10-50|
|VIRGINIA CREDIT UNION, INC., CREDIT UNION||vacu.org||United States||100M-200M||500-1000|
We use the best scanning techniques combined with advanced data science to monitor the market share of over 5,000 technology products, including Loan Management. In the Loan Management category, Empower has a market share of about 0.6%. 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 (32%), Banking (32%) and Computer Software (16%) are the largest segments.
88% of Empower customers are in United States.