Home Point Financial Goes Live on Black Knight’s Comprehensive LoanSphere MSP Servicing System and Suite of Default Technologies
-- Home Point Financial completed its implementation of Black Knight’s LoanSphere MSP system, as well as its LoanSphere Bankruptcy, Foreclosure and Invoicing applications -- Black Knight was selected because of its track record of supporting servicers’ regulatory compliance, as well as its proven solutions that help clients increase operational efficiencies
JACKSONVILLE, Fla., May 14, 2018 (GLOBE NEWSWIRE) -- Black Knight, Inc. (NYSE:BKI) announced today that Home Point Financial, a national, multi-channel mortgage originator and servicer, went live on Black Knight’s premier loan servicing system, LoanSphere MSP, as well as its suite of default products. MSP is a comprehensive, end-to-end system that encompasses all aspects of servicing – from loan boarding to default – for first mortgages and home equity loans. The industry-leading system is used to service more than 34 million active loans and helps servicers streamline operations, reduce operating costs and improve risk mitigation.
“As we continue to focus on the significant growth of our servicing operations, we believe Black Knight’s MSP system and its default suite will be critical to helping us achieve our goals,” said Willie Newman, President and CEO of Home Point Financial. “Adding these servicing and default capabilities will help us drive operational efficiencies, accommodate our expanding loan portfolio and support our regulatory compliance efforts.”
In addition to MSP, Home Point Financial also implemented:
-- LoanSphere Bankruptcy, which assists servicers’ management of the bankruptcy process by using workflow and servicer-defined rules to automate bankruptcy-related tasks; -- LoanSphere Foreclosure, which uses workflow and automated, servicer-defined rules to help servicers with the foreclosure process; and -- LoanSphere Invoicing, a web-based invoice management solution that consolidates invoice process tasks – from bill presentment and processing to post-payment activities.
“We are proud to welcome Home Point Financial to the Black Knight family. Our innovative servicing capabilities are providing the support Home Point Financial needs to expand its servicing operations and support its growth initiatives,” said Joe Nackashi, President of Black Knight. “By delivering on these implementations, Black Knight is helping Home Point Financial perform stronger in today’s competitive marketplace.”
About Home Point FinancialHome Point Financial is a national, multi-channel mortgage originator and servicer. With the goal of providing a superior customer experience, Home Point has an innovative approach to lending, focusing on speed, quality and consistency for customers and partners. Home Point’s operating philosophy is defined by the simple but very impactful statement – “We Care”.
Located in Ann Arbor, MI, Home Point Financial is a subsidiary of Home Point Capital LP, a financial services holding company founded in 2014 and owned by members of management and by investment funds managed by Stone Point Capital LLC. For further information about Home Point Financial, please visit www.homepointfinancial.com.
About LoanSphere LoanSphere is Black Knight’s premier, end-to-end platform of integrated technology, data and analytics supporting the entire mortgage and home equity loan lifecycle – from origination to servicing to default. The platform delivers business process automation, workflow, rules and integrated data throughout the loan process, providing a better user experience, cost savings and support for changing regulatory requirements. By integrating lending functions and data, Black Knight’s LoanSphere helps lenders and servicers reduce risk, improve efficiency and drive financial performance.
About Black KnightBlack Knight (NYSE:BKI) is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership life cycle.
As a leading fintech, 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.
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Michelle Kersch Black Knight, Inc.904.854.5043 email@example.com
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