JACKSONVILLE, Fla., Jan. 11 , 2017
JACKSONVILLE, Fla., Jan. 11 , 2017 /PRNewswire/ -- Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that its Lien Alert portfolio monitoring tool is now integrated with its LoanSphere MSP servicing system. This powerful integration, which can only be delivered by Black Knight, gives servicers using MSP automatic notifications about changes in the status of properties in their loan portfolios.
Black Knight's Lien Alert is a unique, automated solution that monitors loans and provides alerts on critical lien-related indicators that could impact a servicer's business. The MSP loan servicing system offers a single, comprehensive solution to help clients manage all servicing processes – from loan boarding and payment processing to escrow administration, default management and more.
Set to a client's predetermined rules and frequency requirements, key indicators are monitored and alerts are triggered to empower better decision-making and reduce risk. Additionally, client-defined criteria allow for automated and actionable tasks, and notes are created in MSP to drive workflow based on the type of alert and steps required.
Servicers can choose to have specific loans or entire portfolios monitored and can select to receive all available or any combination of alerts. The alerts draw from Black Knight's extensive, industry-leading public records database covering approximately 99.9 percent of the U.S. population, and include:
- Foreclosure/default activity
- Tax delinquency
- Payment shock due to ARM reset
- Value changes
- Lien status changes
- New mortgages recorded
- Ownership and occupancy changes
- MLS listings
- Involuntary liens and judgments
"This powerful solution provides the early, critical lien warning notifications servicers need to enhance decision-making and take timely actions to proactively protect the properties securing their portfolios," said Joe Nackashi, president of Black Knight's Servicing Technologies division. "This is another example of how Black Knight is integrating its market-leading products to deliver powerful solutions to support its clients."
About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE: BKFS) is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.
Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.bkfs.com.
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Black Knight Financial Services
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SOURCE Black Knight Financial Services, Inc.