JACKSONVILLE, Fla.,
July 30, 2018 /PRNewswire/
-- Black Knight, Inc. (NYSE:BKI) announced today that
the Pennsylvania Housing Finance Agency (PHFA) signed a
multi-year contract to use LoanSphere MSP, Black Knight's
industry-leading servicing system. Headquartered in Harrisburg, Pa., PHFA serves the people of
Pennsylvania by offering
affordable housing resources, including loans and tax credits for
the construction of affordable rental housing. PHFA selected MSP
for its comprehensive functionality and support for regulatory
compliance, and to increase efficiencies as the organization
continues to grow.
As part of the agreement, PHFA will also implement LoanSphere
Servicing Digital, a powerful, interactive mobile solution
providing detailed, timely and highly personalized information to
PHFA customers about the value of their homes and how much wealth
can be built from these real estate assets. This consumer-centric
tool delivers useful information specific to the consumer's
mortgage, property and local housing market by accessing the
servicing data via Black Knight's MSP system.
"PHFA looks forward to working with Black Knight as we continue
on our mission of providing capital for decent, safe and affordable
homes for older adults, people on moderate incomes and others with
special housing needs," said Brian A.
Hudson Sr., PHFA executive director and CEO. "We believe the
company's technology provides the capabilities and support that
will allow us to focus on growing our operations and improving the
customer experience, while helping us maintain compliance."
MSP offers a robust and scalable end-to-end loan servicing
system that helps clients manage all servicing processes – from
payment processing to escrow administration, customer service,
default management and more. The system can accommodate any size
portfolio, and is augmented by the company's award-winning client
support services. Used to service more than 34 million active loans
across the U.S., MSP helps servicers increase operational
efficiency, reduce operating costs and improve risk
mitigation.
PHFA will also implement LoanSphere Expedite's electronic
signature and document fulfillment capabilities; data and
analytics; and suite of LoanSphere default servicing
applications.
"We are pleased to provide a comprehensive, integrated approach
to meeting PHFA's servicing needs," said Joe Nackashi, president of Black Knight. "MSP
and our other innovative offerings provide the deep and broad
functionality necessary to support PHFA's future growth, regulatory
compliance and an improved customer experience. Our flexible,
scalable technology is now being used by multiple state housing
authorities, as well as financial institutions of all sizes across
the U.S., to help them manage their operations more efficiently and
improve service to their customers."
About PHFA
The Pennsylvania Housing Finance Agency
works to provide affordable homeownership and rental housing
options for older adults, low- and moderate-income families, and
people with special housing needs. Through its carefully managed
mortgage programs and investments in multifamily housing
developments, PHFA also promotes economic development across the
state. Since its creation by the legislature in 1972, it has
generated more than $13.9 billion of
funding for more than 173,000 single-family home mortgage loans,
helped fund the construction of 134,507 rental units, and saved the
homes of more than 49,300 families from foreclosure. PHFA programs
and operations are funded primarily by the sale of securities and
from fees paid by program users, not by public tax dollars. The
agency is governed by a 14-member board.
About Black Knight
Black 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 lifecycle.
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.
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
|
View original content with
multimedia:http://www.prnewswire.com/news-releases/pennsylvania-housing-finance-agency-signs-multi-year-contract-to-use-black-knights-msp-servicing-system-and-new-servicing-digital-solution-to-enhance-customer-retention-300688169.html
SOURCE Black Knight, Inc.