JACKSONVILLE, Fla.,
Nov. 4, 2021 /PRNewswire/
-- Today, Black Knight, Inc. (NYSE:BKI) announced that
Huntington National Bank has renewed its contract to use the Black
Knight MSP loan servicing system. In addition, Huntington is
implementing several other Black Knight solutions to support
growth, the customer experience and regulatory compliance.
"Huntington and Black Knight have a track record of success
working together, and we're pleased to extend our relationship with
them," said Paul Heller, Huntington
chief technology and operations officer. "Consumer real estate loan
portfolio growth is an important part of our strategic plan, and we
value Black Knight's scalable solutions that have helped us manage
our expansion and scale in recent years."
MSP is a comprehensive, end-to-end platform that supports all
aspects of servicing – from loan boarding to default – for first
mortgages, as well as home equity loans and lines of credit, on a
single system.
Huntington also uses Black Knight's Servicing Digital solution,
which is integrated with the bank's digital consumer platform.
Servicing Digital is an interactive, user-friendly web and mobile
solution for consumers that provides easy access to customized,
timely information about their mortgages. This powerful application
supports deeper consumer relationships and engagement by enabling
customers to make mortgage payments and explore opportunities for
refinancing and more – all from the convenience of the web or a
mobile device.
In addition, Huntington has implemented Black Knight's Loss
Mitigation solution to facilitate more efficient loss mitigation
processes. Loss Mitigation leverages advanced rules and logic to
guide users through processes step-by-step, including validation
points throughout the workflow, to reduce missed steps and
overlooked information.
Huntington also is planning to use several servicing-focused
data and analytics solutions from Black Knight, including McDash
industry reports. These reports provide delinquency and prepayment
overviews, roll rates, and state-level mortgage performance data.
McDash industry reports are used to support benchmarking and
analysis, portfolio management, strategy development and much more.
The bank also will use Black Knight's AFT Prepayment and
Credit Model, which forecasts voluntary and involuntary
prepayments, defaults, delinquency, cash flow and loss severity for
residential and multifamily mortgage types.
"Black Knight and Huntington have a strong relationship built on
trust, and we are committed to providing our premier MSP servicing
system to support their success. In fact, Huntington was valuable
in helping Black Knight build home equity capabilities in MSP, and
we appreciate their leaders' willingness to help us advance the
platform," said Joe Nackashi,
president of Black Knight. "It's a pleasure to continue supporting
the bank's ongoing growth, and we look forward to seeing the
company's success with our customer- and compliance-focused
solutions."
About Huntington
Huntington Bancshares Incorporated
(Nasdaq: HBAN) is a $174 billion
asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The
Huntington National Bank and its affiliates provide consumers,
small and middle–market businesses, corporations, municipalities,
and other organizations with a comprehensive suite of banking,
payments, wealth management, and risk management products and
services. Huntington operates more than 1,100 branches in 12
states, with certain businesses operating in
extended geographies. Visit Huntington.com for more
information.
About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data
and analytics company that drives innovation in the mortgage
lending and servicing and real estate industries, as well as the
capital and secondary markets. Businesses leverage our robust,
integrated solutions across the entire homeownership life cycle to
help retain existing customers, gain new customers, mitigate risk
and operate more effectively.
Our clients rely on our proven, comprehensive, scalable products
and our unwavering commitment to delivering superior client support
to achieve their strategic goals and better serve their customers.
For more information on Black Knight, please visit
www.blackknightinc.com.
For more
information:
|
|
Michelle
Kersch
|
Mitch
Cohen
|
Black Knight, Inc.
|
Black Knight,
Inc.
|
904.854.5043
|
704.890.8158
|
michelle.kersch@bkfs.com
|
mitch.cohen@bkfs.com
|
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SOURCE Black Knight, Inc.