Loss mitigation

Nonprofit Fahe Selects MSP, Black Knight's Loan Servicing System, to Support its Commitment to Regional Housing

Retrieved on: 
Tuesday, August 29, 2023

JACKSONVILLE, Fla., Aug. 29, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced that Fahe, a nonprofit that serves the people and communities of Appalachia, has signed a contract for the MSP loan servicing system. MSP is Black Knight's comprehensive, end-to-end loan servicing system that supports all aspects of servicing, from loan boarding to default.

Key Points: 
  • MSP is Black Knight's comprehensive, end-to-end loan servicing system that supports all aspects of servicing, from loan boarding to default.
  • "For 40 years, Fahe has worked to create positive change to help achieve a more prosperous Appalachian region," said Ed Laurel, senior vice president of Loan Servicing, Fahe.
  • "Our MSP loan servicing system uniquely offers scalability and functionality for nonprofits, large banks, and every entity in between.
  • Additionally, the seamless integration and automation within our servicing solutions will help Fahe efficiently manage their servicing operations as they grow."

AimLoan Completed Successful Implementation of MSP, Black Knight's Loan Servicing System

Retrieved on: 
Wednesday, August 16, 2023

JACKSONVILLE, Fla., Aug. 16, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced that AimLoan, an internet-direct mortgage lender focused on using technology to deliver savings, transparency and convenience to mortgage customers, has successfully implemented the Black Knight MSP loan servicing system to help them manage their mortgage loan portfolio in-house. MSP is a comprehensive, end-to-end platform that supports all aspects of servicing for first mortgages, as well as home equity loans and lines of credit, on a single system. AimLoan is also using several other innovative Black Knight solutions focused on the customer experience and operational efficiencies.

Key Points: 
  • AimLoan is also using several other innovative Black Knight solutions focused on the customer experience and operational efficiencies.
  • In addition to the MSP loan servicing system, AimLoan has introduced the Black Knight Servicing Digital solution to its customers, giving them self-service access to customized, timely information about their mortgages and homes.
  • "AimLoan selected the MSP loan servicing system after an extensive due diligence process, and Black Knight is pleased to have the opportunity to support the company's growth goals and help them exceed their high customer experience standards," said Joe Nackashi, CEO of Black Knight.
  • "Like AimLoan, Black Knight is committed to fostering seamless, digital processes, and we have no doubt that our advanced solutions will help the company exceed its servicing goals."

7 Servicing Chooses the MSP Servicing System to Support Growth and Member Experience as it Transitions to Servicing ORNL Federal Credit Union and 7 Mortgage Portfolios

Retrieved on: 
Tuesday, May 9, 2023

In addition, 7 Servicing is incorporating Servicing Digital, an interactive, self-service web and mobile solution that provides easy access to customized, timely information about a member's mortgage and home. This powerful application supports deeper relationships and engagement by giving members tools to make mortgage payments and explore opportunities for refinancing and more -- all from the convenience of the web or a mobile device.

Key Points: 
  • MSP is Black Knight's comprehensive, end-to-end loan system that supports all aspects of servicing, from loan boarding to default.
  • With the addition of MSP and Black Knight's integrated servicing solutions, 7 Servicing will transfer the servicing of the growing ORNL Federal Credit Union and 7 Mortgage servicing portfolios from a subservicer to the 7 Servicing team, while providing a superior experience to its members.
  • "Our decision to begin servicing our portfolio on MSP is an investment in our current and future members.
  • "As 7 Servicing transitions their servicing portfolio in-house from subservicing, they can count on Black Knight to provide superior support while continuously innovating and investing in solutions that help them enhance member relationships."

Cenlar Promotes Leaders across the Organization

Retrieved on: 
Thursday, March 30, 2023

“On behalf of the entire Cenlar team, I would like to congratulate all of these exceptional leaders on their promotions and look forward to their continued success and contributions to the company.”

Key Points: 
  • “On behalf of the entire Cenlar team, I would like to congratulate all of these exceptional leaders on their promotions and look forward to their continued success and contributions to the company.”
    William “Bill” Benefield, to Director, Contact Center.
  • Bill assists with the oversight of the default contact center and its employees in the in the O’Fallon, MO location.
  • Prior to Cenlar, Bill held various leadership roles at Citibank for more than 17 years.
  • He began his career at Cenlar 15 years ago in the Treasury department where he managed Cenlar’s portfolio of non-agency mortgage backed securities.

LoanCare Will Use Black Knight Loss Mitigation Solution to Help Homeowners Who Need Mortgage Payment Assistance

Retrieved on: 
Thursday, March 9, 2023

JACKSONVILLE, Fla., March 9, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced that LoanCare, a top national provider in full-service, component and interim mortgage loan subservicing, will implement the Black Knight Loss Mitigation solution to support payment assistance programs. Additionally, LoanCare renewed its contract to continue using MSP, Black Knight's loan servicing system.

Key Points: 
  • JACKSONVILLE, Fla., March 9, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced that LoanCare, a top national provider in full-service, component and interim mortgage loan subservicing, will implement the Black Knight Loss Mitigation solution to support payment assistance programs.
  • "Black Knight and LoanCare both believe combining technical innovation and insightful data with service-oriented people and efficient processes is the best way to advance the mortgage servicing experience."
  • Loss Mitigation, in combination with the MSP system, allows LoanCare to proactively help its clients' customers who are having trouble making their mortgage payments.
  • Loss Mitigation is part of Black Knight's suite of default capabilities, which LoanCare uses to help decrease cycle times, reduce costs, mitigate risk and improve operating efficiencies.

State Employees' Credit Union Selects Black Knight's Servicing Solutions for Unmatched Level of Innovation

Retrieved on: 
Thursday, February 2, 2023

JACKSONVILLE, Fla., Feb. 2, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced that State Employees' Credit Union (SECU), the second largest credit union in the United States with over 2.6 million members, has signed a contract to use MSP, Black Knight's comprehensive, industry-leading mortgage loan servicing system that supports all aspects of servicing, from loan boarding to default. With the addition of SECU, Black Knight now provides servicing solutions to the nation's three largest credit unions, as well as several other credit unions and credit union service organizations.

Key Points: 
  • With the addition of SECU, Black Knight now provides servicing solutions to the nation's three largest credit unions, as well as several other credit unions and credit union service organizations.
  • Additionally, the credit union will leverage McDash industry reports, which provide delinquency and prepayment overviews, roll rates, and state-level mortgage performance data.
  • "Black Knight looks forward to helping SECU deliver even more value to members by way of best-in-class technology," said Joe Nackashi, CEO, Black Knight.
  • "Our innovative solutions are unmatched across the industry, and SECU's decision to invest in Black Knight's top-tier technology will position the credit union to provide superior service as it continues to serve more members."

Sharonview Federal Credit Union Taps New Chief Risk Officer

Retrieved on: 
Thursday, January 5, 2023

Indian Land, S.C., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Sharonview Federal Credit Union, one of the nation’s top 200 credit unions, is proud to announce the promotion of Shaundra Warren to Chief Risk Officer.

Key Points: 
  • Indian Land, S.C., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Sharonview Federal Credit Union, one of the nation’s top 200 credit unions, is proud to announce the promotion of Shaundra Warren to Chief Risk Officer.
  • It is Warren’s second post on Sharonview’s executive leadership team since her 2021 promotion to Senior Vice President of Enterprise Risk and Organization Change Management.
  • As Chief Risk Officer, Warren’s charge is to ensure effective and efficient governance of Sharonview’s enterprise risk.
  • She is incredibly well suited to her elevated role.”
    For more information on Sharonview Federal Credit Union: www.sharonview.org.

Union Home Mortgage Selects MSP, Black Knight's Industry-Leading Servicing System and Integrated Consumer-Centric Solutions

Retrieved on: 
Thursday, August 25, 2022

JACKSONVILLE, Fla., Aug. 25, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) announced that Union Home Mortgage, a high-growth independent mortgage banking company with over 150 branches across the U.S., has selected the Black Knight MSP loan servicing system to support its servicing operations. After a thorough assessment of multiple servicing technologies in the mortgage industry, Union Home Mortgage chose Black Knight's innovative solutions as the optimal choice to help the company enhance the customer experience, boost operational efficiencies and help manage regulatory requirements.

Key Points: 
  • After a thorough assessment of multiple servicing technologies in the mortgage industry, Union Home Mortgage chose Black Knight's innovative solutions as the optimal choice to help the company enhance the customer experience, boost operational efficiencies and help manage regulatory requirements.
  • MSP is used to service more loans than any other servicing system in the industry.
  • "Through its continued investments in MSP and digital innovations, Black Knight has demonstrated their dedication to advancing mortgage servicing for the benefit of lender clients and their mortgage customers."
  • In addition to MSP, Union Home Mortgage will implement the Servicing Digital solution, which gives customers self-service access to customized, timely information about their mortgages and homes.

Lower Selects Industry-Leading Black Knight MSP Servicing System and Additional Integrated Solutions to Support Growing Business

Retrieved on: 
Thursday, April 21, 2022

JACKSONVILLE, Fla., April 21, 2022 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced that Lower has signed a contract to use the premier Black Knight MSP loan servicing system. Lower and its family of companies, including national retail lender Homeside Financial and multiple regional brands, work to grow consumers' wealth through homeownership. The use of MSP, which supports first mortgages, as well as home equity loans and lines of credit on a single platform, is a complete, scalable, end-to-end system used by financial institutions to manage all servicing processes, including loan setup and maintenance, escrow administration, investor reporting, regulatory requirements and more. Today, it is used to service approximately 37 million active loans, and helps servicers increase operational efficiency, reduce costs and improve risk mitigation.

Key Points: 
  • So, we knew Black Knight's industry-leading solutions were the clear choice to support servicing our portfolio in-house," said Co-Founder and Managing Partner Mike Baynes.
  • In addition to the MSP servicing system, Lower will implement Servicing Digital.
  • Finally, to further enhance its servicing operations, Lower will also use the Black Knight Loss Mitigation applicationand Actionable Intelligence Platform (AIP), both of which are integrated with MSP.
  • "Black Knight is ready to help Lower leverage our innovative, end-to-end servicing technologies to meet and exceed its growth targets," said Joe Nackashi, president, Black Knight.

DLS Servicing Partners with Asurity to Assist Mortgage Servicers Execute Loss Mitigation and Recording

Retrieved on: 
Wednesday, April 13, 2022

WASHINGTON, April 13, 2022 /PRNewswire/ -- Today, Asurity Technologies, LLC("Asurity"), a premier provider of digital compliance products and solutions, announced that its Asurity Mortgage Group ("AMG") software has been successfully deployed by DLS Servicing Consultants, LLC, atrusted provider of mortgage and default servicing headquartered in Grand Rapids, MI,to deliver mortgage loan servicing capabilities to mortgage servicers DLS supports.

Key Points: 
  • WASHINGTON, April 13, 2022 /PRNewswire/ -- Today, Asurity Technologies, LLC("Asurity"), a premier provider of digital compliance products and solutions, announced that its Asurity Mortgage Group ("AMG") software has been successfully deployed by DLS Servicing Consultants, LLC, atrusted provider of mortgage and default servicing headquartered in Grand Rapids, MI,to deliver mortgage loan servicing capabilities to mortgage servicers DLS supports.
  • Asurity Services provides mortgage closing and servicing support to lenders directly or through its partnership with Sandler Law Group (Sandlerllc.com).
  • provides outsourced services to mortgage servicing, loan administration departments for loss mitigation underwriting reviews, loss mitigation third party validation of income and expense submissions, administrative support for loss mitigation execution, short sale and pre-foreclosure sale processing.
  • The program saves loss mitigation professionals hours of processing time, while increasing compliance and reducing calculation errors.