Black Knight Launches the Servicing Analytics Suite, a Powerful and Unique Solution to Help Mortgage Servicers More Effectively Manage Risk

October 11 13:00 2017 Print This Article

– Leverages Black Knight’s industry-leading data and trading-grade analytics to provide actionable loan-level metrics
– Servicing Analytics Suite consists of Black Knight’s Dialer Optimizer, Prepayment & Default Scores, and Lien Alert solutions
– Helps improve collection strategies and retention, as well as enhance risk management
– Integrates with Black Knight’s industry-leading MSP servicing system

JACKSONVILLE, Fla., Oct. 12, 2017 (GLOBE NEWSWIRE) — The Data & Analytics division of Black Knight, Inc. (NYSE:BKI) today introduced the Servicing Analytics Suite, a unique new solution that leverages three powerful Black Knight analytics products to help servicers more easily identify portfolio risk and create effective loss mitigation strategies. The solution seamlessly integrates with LoanSphere MSP, Black Knight’s comprehensive mortgage and home equity loan servicing system currently used to service more than 30 million loans in the U.S. The Servicing Analytics Suite is also available separately via batch or XML delivery.

The Servicing Analytics Suite leverages Black Knight’s industry-leading data and trading-grade analytics to provide actionable loan-level metrics. The suite includes:

  • Dialer Optimizer – Uses Black Knight’s proven behavioral models to risk-rank loans based on probability and severity of potential loss, as well as borrower historical payment pattern. Dialer Optimizer delivers a loan-level score to help servicers effectively prioritize their collections efforts by identifying the highest-risk borrowers so they can be contacted early, to comply with investor-collection guidelines and reduce loss.  
  • Prepayment & Default Scores – Provides loan-level default and prepayment probabilities, as well as loss given default, based on Black Knight’s proven predictive analytics, helping servicers quickly and efficiently identify risks in their portfolio. The scores can help with forecasting, loss reserving, retention and more.
  • Lien Alert – Monitors loans and properties for key lien-related indicators and employs a push-notification approach to alert users, helping servicers identify early warning signs and proactively address at-risk loans.

Leveraging Black Knight’s extensive public records database that covers 99.9 percent of U.S. households, the solution provides servicers with seven standard critical lien-related alerts: new loans recorded, property tax delinquency, foreclosure activity, ownership changes, value changes, lien status changes and ARM resets. Three additional key alerts – including bankruptcy, involuntary liens and judgments and MLS listings – are also available to add.

“The integration of Black Knight’s Servicing Analytics Suite within the MSP platform is unrivaled in the market, providing a unique, powerful solution designed specifically for servicing and portfolio management,” said Julian Grey, mortgage market leader, Black Knight Data & Analytics. “The solution, which leverages our vast data assets and trading-quality analytics, delivers actionable loan-level metrics, and offers an array of benefits to help servicers effectively drive improved performance.”

About Black Knight
Black Knight is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle.

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
Black Knight, Inc.                                                                                                                                              
904.854.5043                                                                      
[email protected] 

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Jonathan Yaniv
Jonathan Yaniv

Jonathan is the founder and editor-in-chief of TrustedNerd.com. Covering major tech shows such as CES, Jonathan is always there for the latest tech news. Want your gadget to be reviewed or have a release you’d like to be considered for publishing? Send Jonathan an email, jonathan [at] trustednerd.com

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