Saturday, 18 September 2021 | The Latest Buzz for the Appraisal Industry

Bank Taps Black Knight Tech to Help Expand Servicing Operations

Arvest Bank, a financial institution with operations in Arkansas, Oklahoma, Missouri and Kansas, has contracted to use Black Knight Inc.‘s suite of servicing and default solutions to support its expanding servicing business.

Black Knight’s servicing suite includes the MSP core servicing software platform, the consumer-facing Servicing Digital solution, the Actionable Intelligence Platform (AIP), Lien Alert, the McDash mortgage performance dataset, and default capabilities for loss mitigation, foreclosure, bankruptcy, claims and invoicing.

“Complementing the MSP system with a wide array of Black Knight’s integrated servicing and default solutions, as well as analytics, gives us the capabilities we need to excel,” says Steven Plaisance, president and CEO of Arvest Bank’s mortgage division and Arvest Central Mortgage Co.

MSP helps clients manage all servicing processes, including loan onboarding, cash management, investor reporting and loss mitigation. Servicing Digital is seamlessly integrated with MSP and enables homeowners to perform tasks and view information related to their mortgages through a simple, user-friendly interface.

To monitor its operational volumes, Arvest Bank will use several of Black Knight’s data and analytics solutions, including AIP, a unified data delivery framework that combines Black Knight’s extensive data assets, patented big data ecosystem and enterprise business intelligence capabilities into a single solution.

Arvest Bank will also leverage Lien Alert, an automated solution that monitors portfolio loans and provides alerts on critical lien-related indicators that could impact a servicer’s business, such as ownership changes, new loans recorded, ARM resets and more.

Black Knight’s McDash mortgage performance dataset includes mortgage performance details being tracked for more than 30 years and offers visibility into greater than 200 million primary mortgages and over 30 million home equity loans and lines of credit across the full credit spectrum.

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The post Bank Taps Black Knight Tech to Help Expand Servicing Operations appeared first on MortgageOrb.



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