JACKSONVILLE, Fla.,
Feb. 14, 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 The
Huntington National Bank, a primary subsidiary of Huntington
Bancshares Incorporated (NASDAQ: HBAN), has signed a multi-year
contract extension for LoanSphere MSP, Black Knight's
industry-leading mortgage and home equity loan servicing platform.
Huntington uses Black Knight's servicing platform to help reduce
operational costs, maximize efficiencies, improve customer service
and improve overall performance.
"We are pleased to continue our partnership with Black Knight
and are eager to realize the advantages of using MSP as our
company's single servicing platform for our mortgage and home
equity products," said Paul Heller,
Huntington's senior executive vice president, chief technology and
operations officer. "By helping Huntington consolidate our
technologies, MSP will save us the time and cost of updating and
operating multiple, disparate systems and let us focus more on
growing the bank's loan portfolio."
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,
which is used to service more than 30 million active loans,
supports first mortgages, as well as home equity loans and lines of
credit on one platform to help servicers increase operational
efficiency, reduce operating costs and improve risk
mitigation.
In addition to MSP, Huntington also uses Black Knight's
LoanSphere Invoicing, a Web-based solution that is tightly
integrated with MSP and streamlines billing and invoicing. To
support its origination operations, Huntington uses Black Knight's
LoanSphere Exchange, an open technology platform that
electronically connects lenders with more than 25,000 of the
mortgage industry's service and solution providers. Through
Exchange, lenders gain a fast, secure way to aggregate data and
centralize ordering of settlement services, such as title, closing,
appraisal, credit, flood, fraud, verifications, fees and more.
"We value our long-time partnership with Huntington, and are
committed to supporting the bank's current and future growth
initiatives," said Joe Nackashi,
president of Black Knight's Servicing Technologies division. "Our
continual investments in our servicing platform, along with our
knowledgeable staff, supports Huntington's goals to achieve
stronger performance and grow its business."
About Huntington
Huntington Bancshares Incorporated is
a regional bank holding company headquartered in Columbus, Ohio, with $100 billion of assets and a network of 1,115
branches and 1,891 ATMs across eight Midwestern states. Founded in
1866, The Huntington National Bank and its affiliates provide
consumer, small business, commercial, treasury management, wealth
management, brokerage, trust, and insurance services. Huntington
also provides auto dealer, equipment finance, national settlement
and capital market services that extend beyond its core states.
Visit huntington.com for more information.
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.
For more information:
Michelle Kersch
Black Knight Financial Services
904.854.5043
michelle.kersch@bkfs.com
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SOURCE Black Knight Financial Services, Inc.