Evergreen Home Loans Signs Contract with Black Knight Financial Services to Implement the LoanSphere MSP Loan Servicing System
- Evergreen Home Loans offers its customers a complete suite of end-to-end solutions that includes origination, funding and loan servicing.
- Black Knight's LoanSphere MSP system was chosen for its enhanced functionality to support Evergreen Home Loans in providing an exceptional customer experience.
- MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default.
- Evergreen Home Loans will also use Black Knight's Lien Alert solution, which is integrated with MSP, to help them proactively manage risk and improve decision-making; and will have access to Black Knight's McDash Standard Industry Reports.
JACKSONVILLE, Fla., Feb. 7, 2017 /PRNewswire/ -- Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that Evergreen Home Loans, a full-service direct lender with regional offices throughout the Western United States, has signed a contract for LoanSphere MSP, Black Knight's industry-leading loan servicing system. MSP is a complete, scalable, end-to-end system used by financial institutions to manage all servicing processes for both mortgage and home equity loans and includes loan setup and maintenance, escrow administration, investor reporting, regulatory requirements and more.
"MSP will help us deliver a great customer experience that extends our customers' one-stop-shopping with improved convenience, ease in managing their payments, and enhanced customer service for the life of their loan," said Don Burton, president of Evergreen Home Loans. "At Evergreen, we're obsessive about exceptional customer service. By bringing our servicing in-house and using the industry's premier system, we'll offer our valued customers innovative service – from loan origination through servicing."
The MSP system offers a single, comprehensive loan servicing solution to help clients manage all servicing processes -- from loan boarding and payment processing to escrow administration, default management and more. Evergreen's contract also includes the use of Lien Alert, a unique, automated solution from Black Knight that monitors loans and provides alerts on critical lien-related indicators that could impact a servicer's business, such as foreclosure/default activity, ownership changes, new loans recorded, ARM resets and more. The Lien Alert solution is integrated with MSP.
In addition, Evergreen will gain access to Black Knight's McDash Standard Industry Reports, which include delinquency and prepayment overviews; roll rates; and state-level delinquency reports.
"We are eager for Evergreen to take advantage of Black Knight's innovation and investments as we support their business goals and growth," said Joe Nackashi, president of Black Knight's Servicing Technologies division. "As a leading fintech, we are committed to continual enhancements of our proven servicing system to help Evergreen effectively meet whatever market or regulatory conditions emerge and to support superior customer service throughout the loan lifecycle."
About Evergreen Home Loans
Headquartered in Bellevue, Washington, Evergreen Home Loans is a full-service direct lender with regional offices throughout the Western United States. For three decades, Evergreen has served local neighborhoods with affordable home loan products while focusing exclusively on home lending. A+ rated by the Better Business Bureau and a proud member of the Washington Mortgage Bankers Association and Mortgage Bankers Association, Evergreen offers a full range of loan products including FHA and VA, Conventional, Jumbo, USDA loans, refinancing, and construction financing programs. More information about Evergreen can be found on its website at www.evergreenhomeloans.com. Evergreen Home Loans is a registered trade name of Evergreen Moneysource Mortgage Company® NMLS ID 3182. For individual and company license information visit www.nmlsconsumeraccess.org/.
About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE: BKFS) 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.
For more information:
Michelle Kersch
Black Knight Financial Services
904.854.5043
[email protected]
SOURCE Black Knight Financial Services, Inc.
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