17 August 2017
visit www.avoka.com

Black Knight signs Union Bank & Trust to loans platform

25 June 2014  |  1457 views  |  0 Source: Black Knight

Black Knight Financial Services announced that Union Bank & Trust, based in Lincoln, Nebraska, has signed a five-year contract to service mortgage loans in-house using MSP, Black Knight's industry-leading mortgage and consumer loan servicing platform.

MSP, a complete, end-to-end system used by financial institutions to manage all servicing processes, including loan boarding, escrow administration, investor reporting and more, offers servicers the ability to meet all mortgage and consumer loan servicing needs for any size portfolio.

The implementation of MSP supports Union Bank & Trust's expansion into mortgage servicing, which complements the broad mix of financial services the bank offers to businesses and individuals. To expand the capabilities of its new servicing platform, Union Bank & Trust will integrate the following Black Knight solutions with MSP:

-- Electronic Loan Interface to automate the loan setup process.

-- Customer CareNet to provide an online solution that gives Union Bank & Trust borrowers instant access to their mortgage information.

-- iDisburse to provide Union Bank & Trust with a fully automated check-printing solution for reviewing, printing and auditing disbursements.

"MSP offers us the ability to centrally manage all servicing functions on a single technology platform and to easily accommodate our growing loan portfolio," said Alan Fosler, senior vice president, Union Bank & Trust. "The powerful capabilities of Black Knight's technology give us the confidence that MSP is the best system to support our bank's expansion into loan servicing."

"Our technology will allow Union Bank & Trust to reallocate resources to higher-priority customer service and revenue-building initiatives, which will support its growth goals," said Joe Nackashi, CIO and president of Black Knight's Servicing and Default Technologies division. "With MSP, we expect Union Bank & Trust to realize greater operational efficiency, reduce regulatory risk and provide a better borrower experience."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.niceactimize.comvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10436 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9833 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9752 views comments | 8 tweets | 15 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8150 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7624 views 0 | 1 tweets | 8 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job