Black Knight Launches the Servicing Analytics Suite, a Powerful and Unique Solution to Help Mortgage Servicers More Effective...
October 12 2017 - 9:00AM
- Leverages Black Knight’s industry-leading data and
trading-grade analytics to provide actionable loan-level metrics-
Servicing Analytics Suite consists of Black Knight’s Dialer
Optimizer, Prepayment & Default Scores, and Lien Alert
solutions- Helps improve collection strategies and retention, as
well as enhance risk management- Integrates with Black Knight’s
industry-leading MSP servicing system
The Data & Analytics division of Black Knight, Inc. (NYSE:BKI)
today introduced the Servicing Analytics Suite, a unique new
solution that leverages three powerful Black Knight analytics
products to help servicers more easily identify portfolio risk and
create effective loss mitigation strategies. The solution
seamlessly integrates with LoanSphere MSP, Black Knight’s
comprehensive mortgage and home equity loan servicing system
currently used to service more than 30 million loans in the U.S.
The Servicing Analytics Suite is also available separately via
batch or XML delivery.The Servicing Analytics Suite leverages Black
Knight’s industry-leading data and trading-grade analytics to
provide actionable loan-level metrics. The suite includes:
- Dialer Optimizer – Uses Black Knight’s proven
behavioral models to risk-rank loans based on probability and
severity of potential loss, as well as borrower historical payment
pattern. Dialer Optimizer delivers a loan-level score to help
servicers effectively prioritize their collections efforts by
identifying the highest-risk borrowers so they can be contacted
early, to comply with investor-collection guidelines and reduce
loss.
- Prepayment & Default Scores – Provides
loan-level default and prepayment probabilities, as well as loss
given default, based on Black Knight’s proven predictive analytics,
helping servicers quickly and efficiently identify risks in their
portfolio. The scores can help with forecasting, loss reserving,
retention and more.
- Lien Alert – Monitors loans and properties for
key lien-related indicators and employs a push-notification
approach to alert users, helping servicers identify early warning
signs and proactively address at-risk loans.
Leveraging Black Knight’s extensive public records database that
covers 99.9 percent of U.S. households, the solution provides
servicers with seven standard critical lien-related alerts: new
loans recorded, property tax delinquency, foreclosure activity,
ownership changes, value changes, lien status changes and ARM
resets. Three additional key alerts – including bankruptcy,
involuntary liens and judgments and MLS listings – are also
available to add. “The integration of Black Knight’s Servicing
Analytics Suite within the MSP platform is unrivaled in the market,
providing a unique, powerful solution designed specifically for
servicing and portfolio management,” said Julian Grey, mortgage
market leader, Black Knight Data & Analytics. “The solution,
which leverages our vast data assets and trading-quality analytics,
delivers actionable loan-level metrics, and offers an array of
benefits to help servicers effectively drive improved
performance.”
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 KerschBlack Knight,
Inc.
904.854.5043
michelle.kersch@bkfs.com
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