DS News - Bank of America

DS News June 2017

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» VISIT US ONLINE @ DSNEWS.COM 45 SPECIAL ADVERTORIAL SECTION BLACK KNIGHT FINANCIAL SERVICES 844.474.2537 BKFS.com LENDERS & SERVICERS OUTSOURCERS AGENTS & BROKERS ATTORNEYS SERVICE PROVIDER COMPANY DESCRIPTION: Black Knight Financial Services, Inc. (NYSE: BKFS) is a leading fintech company that delivers high-performance technology, data, and analytics for mortgage and home equity lending and servicing. KEY PERSONNEL » » Tom»Sanzone, President and CEO, Black Knight Financial Services » » Joe»Nackashi, President, Black Knight Servicing Technologies COMPETITIVE ADVANTAGE: Black Knight's enterprise solutions support compliance readiness, standardize processes, and enhance operational efficiencies. By delivering innovative, mission-critical solutions, Black Knight helps lenders and servicers with their greatest business challenges: improving efficiency and profitability, and reducing risk. Black Knight is also committed to upholding applicable regulatory requirements and delivering the solutions that help its clients with government and industry regulations. KEY FEATURES/BENEFITS: Black Knight's LoanSphere ® platform integrates all origination, servicing, and default functions with its data and analytics solutions to help clients automate processes, reduce operational costs, and enhance the customer experience. Black Knight's offerings include: » Technologies that support first mortgages and home equity loans and lines of credit on a single platform, helping to improve transparency, mitigate risk and enhance operational efficiencies » Data and analytics solutions that help clients identify opportunities and make more informed business decisions » Powerful business intelligence that provides clients with the ability to fully analyze the trends in their operations, as well as identify the dependencies and predictive factors that may exist across their portfolios » Professional services to develop strategies that help improve operational performance, reduce costs, and increase customer service and competitiveness BUSINESS LINES, SERVICES, AND PRODUCTS: One of Black Knight's newest solutions is LoanSphere»Claims SM , an innovative default servicing technology that delivers end-to-end workflow for the entire claims process — helping servicers save time, reduce errors, and decrease penalties and curtailments. LoanSphere Claims includes functionality to support claims creation, processing, elec- tronic submission, reconciliation, and more. It features configurable rules for investor/insurer/ guarantor-published guidelines and presents exceptions to conditions, data, and documents that may require resolution for claim submission. It also provides a gain/loss detail on each claim expense to support claim loss analysis at the loan level, and identify curtailments and losses that can be reviewed with internal departments and external service providers. Servicers that use LoanSphere Claims can manage default claims processing on a single system. Typically, the claims process is time consuming, labor-intensive, and involves viewing numerous screens, spreadsheets, and websites and using multiple technologies. By transforming this process, LoanSphere Claims helps servicers save considerable time and resources, while increasing processing volume and improving data consistency. Additionally, the solution helps improve compliance with agency and mortgage insurer guidelines, enhance loss analysis processing and much more. LoanSphere Claims also includes end-to-end functionality to support all FHA claim types by providing automated capabilities from initiation through reconciliation, helping to streamline the process. The technology systematically creates an FHA claims worksheet for the servicer to review, certify, sign, and then submit the claim to HUD. LoanSphere Claims is integrated with other Black Knight default technologies, including LoanSphere Invoicing SM and LoanSphere Foreclosure SM . It is also integrated with LoanSphere MSP ® , Black Knight's complete, scalable, end-to-end servicing system used by a majority of the nation's largest financial institutions to manage servicing processes on a single, comprehensive platform. MSP automates all areas of loan servicing, delivering increased productivity and reducing costs, while helping servicers manage compliance risk. BUSINESS SCOPE: Black Knight offers a complete suite of powerful default servicing solutions that include client-configurable, rules-based capabilities with extensive inherent workflow to automate business processes. Its solutions suite supports the entire default servicing lifecycle and includes LoanSphere Loss Mitigation SM , LoanSphere Bankruptcy SM , LoanSphere Foreclosure SM , and LoanSphere Invoicing. To learn more, visit BKFS.com or contact AskBlackKnight@BKFS.com.

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