JACKSONVILLE, Fla.,
Oct. 24, 2018 /PRNewswire/
-- Black Knight, Inc. (NYSE:BKI) announced today that Lake
Michigan Credit Union, the largest credit union in Michigan and growing in Florida, successfully implemented MSP, Black
Knight's premier loan servicing system. This comprehensive,
end-to-end solution encompasses all aspects of servicing – from
loan boarding to default – for first mortgages and home equity
loans and lines of credit. MSP is used to service 34 million active
loans and helps servicers increase operational efficiency, reduce
operating costs and improve risk mitigation.
In addition to implementing MSP, Lake Michigan Credit Union is
also using Black Knight's Actionable Intelligence Platform (AIP) to
provide proactive intelligence that will benefit its servicing
operation. The AIP delivers strategic, proactive and actionable
analytics to the right people across an organization at the right
time, so they know what action to take next.
"MSP offers us a number of ways to increase our credit union's
operational efficiency and improve member service, while supporting
our commitment to meet compliance requirements," said Eric Burgoon, Chief Lending Officer of Lake
Michigan Credit Union. "MSP's scalability will allow us to easily
accommodate our expected growth."
"We are excited that Lake Michigan Credit Union has selected
Black Knight to support its growing business. As a leading mortgage
software provider, we've made significant investments to further
innovate our servicing system, which offers our clients many
compelling advantages to optimize their servicing operations and
mitigate risk," said Black Knight President Joe Nackashi. "Integrating Black Knight's
comprehensive analytics with our MSP technology will help Lake
Michigan Credit Union prepare its business for the future of the
mortgage industry."
About Lake Michigan Credit Union
Lake Michigan Credit
Union is the largest credit union in Michigan. Employing a staff of over 1,200,
LMCU's assets exceed $5.8 billion,
with a mortgage serviced portfolio of over $10 billion and over 415,000 members. LMCU has 55
convenient branch locations overall, including ten in southwest
Florida. LMCU members have access
to over 55,000 AllPoint ATMs worldwide. LMCU provides a full-range
of financial services, from high interest-bearing checking accounts
to personal loans, mortgages, investments and commercial
banking.
To find out more, visit LMCU.org.
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 life cycle.
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 to download
multimedia:http://www.prnewswire.com/news-releases/lake-michigan-credit-union-goes-live-on-black-knights-msp-servicing-system-and-actionable-intelligence-platform-300736812.html
SOURCE Black Knight, Inc.