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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Black Knight Inc | NYSE:BKI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 75.76 | 0 | 01:00:00 |
As part of this agreement, Ocwen will also use additional Black Knight solutions:
The MSP loan servicing system is an end-to-end solution that encompasses all aspects of servicing, and offers comprehensive functionality to support servicers’ regulatory requirements. MSP is used to service more than 33 million active loans and helps servicers increase operational efficiency, reduce operating costs and improve risk mitigation.
Black Knight’s default solutions, such as LoanSphere Bankruptcy and Foreclosure, use advanced workflow and servicer-defined rules to help servicers more efficiently manage default-related servicing processes through task automation, as well as gain access to Black Knight’s large, nationwide network of attorneys who support the default loan process. Ocwen will also implement LoanSphere Invoicing to help consolidate its default invoice process. In addition, the solution creates an audit trail that will help Ocwen support its compliance with changing government and investor requirements.
Portfolio Overview Insight leverages both Black Knight’s LoanSphere Data Hub and LoanSphere Motivity solution. The Data Hub provides technology that collects, links and stores loan data from client applications, Black Knight technologies and industry data in a central location. Motivity is an enterprise business intelligence tool that offers on-demand, dynamic reporting that servicers can use to quickly view detailed information about its servicing portfolio without printing a report or opening a file.
“We are proud to provide Ocwen with a comprehensive solution that can meet all of its servicing needs – from loan boarding and payment processing to escrow administration and default management,” said Joe Nackashi, president of Black Knight. “Ocwen selected the servicing system with a track record of delivering proven capabilities, reliability and scalability, which will help expand Ocwen’s business and better position it for future growth.”
“We look forward to working with Black Knight as our servicing platform provider and believe that Black Knight’s technology offerings provide the capabilities and flexibility that will allow us to focus on our core mission of helping homeowners,” said Scott Anderson, executive vice president and chief servicing officer for Ocwen Financial Corporation. “Using Black Knight’s integrated technology system aligns with our corporate objectives of reducing costs, streamlining the technology product suite, and creating efficiencies within the organization,” said Parveen Aery, senior vice president and chief information officer for Ocwen Financial Corporation.
About Black KnightBlack Knight is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle.
Black Knight is committed to being a premier business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services and insights with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight, please visit www.blackknightinc.com.
For more information:
Michelle Kersch904.854.5043michelle.kersch@bkfs.com
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