contract includes use of MSP, Customer CareNet, Electronic Loan Interface, iDisburse
and Invoice Management.
- MSP offers scalability
to accommodate the servicing growth New American Funding is projecting.
- Servicing system supports mortgage
industry regulatory changes and federal requirements.
Fla. – July 29, 2014 – Black Knight Financial Services announced today that New American Funding has signed a five-year contract to implement MSP®, Black Knight’s industry-leading mortgage and consumer loan servicing platform, to support New American Funding’s growing servicing business. MSP, a complete, end-to-end system used by financial institutions to manage all servicing processes, including loan boarding, escrow administration, investor reporting and more, gives servicers the ability to meet all mortgage and consumer loan servicing needs for any size portfolio.
- Electronic Loan Interface to automate the
loan setup process.
- Customer CareNet™
to provide an online solution that gives New American Funding borrowers instant
access to their mortgage information.
- iDisburse™, a fully automated check-printing solution for
reviewing, printing and auditing disbursements.
- Invoice Management™, which offers a
Web-based solution that streamlines billing and invoicing processes.
Knight’s powerful technology capabilities, we are confident that the decision
to bring our servicing in-house will help us expand our mortgage business,” said
Christy Bunce, chief operating officer for New American Funding. “The proven
stability and functionality of MSP, along with Black Knight’s commitment to
helping improve compliance and risk management, will help position us for greater
“We are eager to support the growth of New American Funding’s
expanding servicing business,” said Joe
Nackashi, CIO and president of Black Knight’s Servicing and Default Technologies
division. “With our single, scalable servicing platform, Black Knight Financial
Services can help New American Funding achieve their immediate and long-term
goals for growth, increased efficiency, effective risk management and improved customer
Black Knight Financial Services, LLC
Black Knight Financial Services, a Fidelity National
Financial (NYSE:FNF) company, is the mortgage and finance industries’ leading
provider of integrated technology, data and analytics solutions that facilitate
and automate many of the business processes across the mortgage life cycle.
Black Knight Financial Services is committed to being
the premier business partner that lenders and servicers rely onto achieve
their strategic goals, realize greater success and better serve their customers
by delivering best-in-class technology, 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.
Media Contact: Michelle Kersch, 904.854.5043, Michelle.Kersch@BKFS.com