JACKSONVILLE, Fla., June 8, 2016 /PRNewswire/ -- Black Knight Financial Services, Inc. (NYSE: BKFS) announced today that TruHome Solutions, LLC, a credit union-owned, full-service mortgage company, servicer and subservicer headquartered in Lenexa, Kansas, has signed a seven-year contract to service its client loans on Black Knight's leading mortgage servicing system, LoanSphere MSP.
MSP offers a single, comprehensive system used by financial institutions to service more than 30 million active loans. The solution helps clients manage all servicing processes -- from loan boarding and payment processing to escrow administration, default management and more. Black Knight's proven servicing experience, technology infrastructure, continual system updates to meet changing regulatory requirements and scalability will help accommodate TruHome Solutions' expected business growth and support its compliance efforts.
"MSP's robust functionality will help us deliver exceptional service to our client credit unions and their members," said Doug Hoelscher, president of TruHome Solutions. "Additionally, the system's proven track record and continuous enhancements to support evolving regulatory requirements were very important considerations for our decision."
TruHome Solutions will also use other Black Knight solutions that are integrated with MSP, including:
- LoanSphere Loan Boarding, which offers functionality to automate the loan setup process
- Customer CareNet, an online solution that gives borrowers instant access to their mortgage information
- Director, MSP's graphical interface for users
- iDisburse, a fully automated check-printing solution for reviewing, printing and auditing disbursements
- Passport, a browser-based ad hoc query solution that accesses loan portfolio data housed on MSP
- Web Direct, a Web-based solution that provides online access to loan information for approved third parties
"We are extremely pleased that TruHome Solutions selected MSP for its servicing operations," said Joe Nackashi, president of Black Knight's Servicing Technologies division. "MSP's comprehensive, end-to-end capabilities, automated workflow and scalability will offer exceptional support to help TruHome Solutions achieve its business goals and exceed client expectations."
About TruHome Solutions, LLC
Founded in 2004 and headquartered in Lenexa, Kansas, TruHome Solutions, LLC is a credit union-owned, fully approved direct mortgage lender with Fannie Mae, Freddie Mac, and Ginnie Mae. TruHome Solutions' foundation for success is providing exceptional service, mortgage expertise, and prudent lending practices to credit unions nationwide.
TruHome Solutions focuses on helping credit unions manage the unique challenges that come with offering mortgage programs. TruHome's collective mortgage experience provides it a deep understanding of today's regulatory challenges, as well as the ability to adapt for continued success in the ever-changing industry.
LoanSphere is Black Knight's premier, end-to-end platform of integrated technology, data and analytics supporting the entire mortgage and home equity loan lifecycle -- from origination to servicing to default. The platform delivers business process automation, workflow, rules and integrated data throughout the loan process, providing a better user experience, cost savings and support for changing regulatory requirements. By integrating lending functions and data, Black Knight's LoanSphere helps lenders and servicers reduce risk, improve efficiency and drive financial performance.
About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE: BKFS), a Fidelity National Financial (NYSE: FNF) company, is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.
Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to 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.
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SOURCE Black Knight Financial Services, Inc.