Black Knight Successfully Completes Year-End Processing for MSP Loan Management System Customers

JACKSONVILLE, Florida, January 28, 2021 / PRNewswire / – Today, Black Knight, Inc. (NYSE: BKI), a leading provider of integrated software, data and analytics for the mortgage and real estate industries, announced the successful completion of year-end loan processing for its mortgage and real estate loan clients. All month-end, quarter-end, and year-end 2020 processing – of over 54 million loans – were completed within an 11-hour window. At January 1, 2021, year-end processing was completed for all active and inactive loans served using Black Knight’s comprehensive, industry-leading MSP loan management system and processed in the corporate data center.

The year-end cure is a critical annual event that Black Knight has successfully executed for decades. This is a necessary process to meet clients’ internal reporting and regulatory needs.

Black Knight service clients are required to report previous year’s account information to borrowers annually in order to comply with government regulations from the Internal Revenue Service, Treasury Department and other agencies, as well as to respond internal reporting requirements. To help clients meet these annual obligations, Black Knight employees in company departments must complete hundreds of tasks to help service agents compile loan information; generate exception and balancing reports; and create annual statements for borrowers, all culminating in one day. To provide additional support to its clients, Black Knight provided client training well in advance of year end, so clients could complete the tasks necessary for a smooth and timely end of year treatment. New this year, Black Knight and its customers have performed the majority of remote treatment activities due to the impacts of the COVID-19 pandemic.

“Our team has taken on the challenges presented in this critical effort, approaching obstacles with resilience and dedication,” said Joe nackashi, President, Black Knight. “This flexibility and adaptability is a testament to the unwavering commitment of our experienced team to providing exemplary service and a seamless year-end process to our customers.

MSP is an industry-leading software solution that has the power to transform maintenance operations and customer service processes through its comprehensive functionality, scalability, continuous regulatory updates, and secure integrations. By supporting senior mortgages and equity portfolios on a single system, MSP can deliver significant benefits, including improved compliance, minimized risk, lower operating costs, and improved customer experience. The MSP system is currently used to process approximately 36 million active loans.

About Black Knight
Black Knight, Inc. (NYSE: BKI) is an award-winning software, data and analytics company driving innovation in the mortgage lending and services and real estate industries, as well as the financial and secondary markets. . Businesses leverage our robust and integrated solutions throughout the homeownership lifecycle to help retain existing customers, gain new customers, mitigate risk and operate more efficiently.

Our customers rely on our proven, comprehensive and scalable products and our unwavering commitment to providing superior customer support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

For more information:



Michelle kersch

Mitch cohen

Black Knight, Inc.

Black Knight, Inc.

904.854.5043

704.890.8158

[email protected]

[email protected]

SOURCE Black Knight, Inc.

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www.blackknightinc.com

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