Rushmore Loan Management Services Signs Renewal for Black Knight’s LoanSphere MSP Servicing System; Adds Lien Alert Soluti...
February 19 2018 - 09:00AM
Black Knight Inc. (NYSE:BKI) announced today that Rushmore Loan
Management Services LLC, a multi-faceted residential mortgage
servicer and lender located in Irvine, California; Dallas, Texas;
and San Juan, Puerto Rico, has signed a renewal agreement for
LoanSphere MSP, Black Knight’s industry-leading servicing system.
MSP’s innovative technology will continue to support Rushmore Loan
Management’s efforts to remain compliant with regulatory
requirements.
“We are pleased to continue our relationship with Black Knight,
and use the MSP platform to effectively manage our servicing
processes and support our compliance efforts,” said Terry Smith,
CEO, Rushmore Loan Management. “The addition of Lien Alert to
notify us of certain changes in lien status will serve as a
valuable tool to assist our teams in proactively addressing at-risk
loans.”
The MSP loan servicing system is an end-to-end solution that
encompasses all aspects of servicing for both first mortgages and
home equity loans and lines of credit. The system’s comprehensive
functionality, which supports servicers’ regulatory requirements,
is used to service more than 33 million active loans and helps
servicers increase operational efficiency, reduce operating costs
and improve risk mitigation. Rushmore Loan Management will continue
to use Customer CareNet, a web-based portal that servicers can
provide to their borrowers for instant online access to their
mortgage and home equity loan information. It also enables
borrowers to perform basic, self-service tasks directly from the
portal.
As part of the renewal, Rushmore Loan Management will implement
Lien Alert, a unique, automated solution that monitors loans and
provides alerts on critical lien-related indicators that could
impact a servicer’s business, such as foreclosure/default activity,
ownership changes, new loans recorded, ARM resets and more. The
servicer also plans to implement LoanSphere Loan Boarding, a
user-friendly solution providing the functionality to efficiently
board new and seasoned mortgage and home equity loans onto MSP.
“We value Rushmore Loan Management’s confidence in our MSP
system and its ability to reinforce Rushmore’s commitment to
providing outstanding loan servicing and customer support,” said
Black Knight President Joe Nackashi. “We will continue supporting
the company’s growth with our innovative software and dynamic data
and analytics capabilities.”
About Rushmore Loan ManagementRushmore Loan
Management Services LLC is a multi-faceted residential mortgage
servicer and residential mortgage lender located in Irvine,
California – Dallas, Texas and San Juan, Puerto Rico. The Rushmore
umbrella includes our parent company and the capital markets arm of
our organization which is located in Mid-Town Manhattan and our REO
Disposition Company is headquartered out of Houston, Texas.
Rushmore has a strong foundation and bright future with significant
capital backing and is led by a talented and innovative management
team. For more information, visit http://www.rushmorelm.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 Knight Black Knight, Inc.
(NYSE:BKI) is a leading provider of integrated software, data and
analytics solutions that facilitate and automate many of the
business processes across the mortgage lifecycle.
As a leading fintech, Black Knight 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 software,
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.
SOURCE: BLACK KNIGHT, INC.
For more information
Media contacts: Michelle Kersch 904.854.5043
michelle.kersch@bkfs.com Mitch Cohen 704.890.8158
mitch.cohen@bkfs.com
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