The Data & Analytics division of Black Knight Financial Services (BKFS) today introduced the Lien Analytics Suite at CBA Live, a Consumer Bankers Association event for retail bankers being held in Phoenix, Ariz.
The Lien Analytics Suite combines multiple Black Knight data and analytics products to help clients better understand and identify potential risks within their portfolio or pool of loans.
The Lien Analytics Suite features numerous data sets from which clients can select the type and granularity of the information they need to identify risk and support compliance management. Additionally, the solution suite can analyze the collateral position of a mortgage, as well as offer a current and historical view of the property. The Lien Analytics Suite includes the option to combine consumer credit bureau data with public records information, providing clients with a comprehensive view of subject properties, borrowers and loans. Additional data related to property ownership, mortgage performance and foreclosure can also be appended for even deeper analysis.
With the Lien Analytics Suite, clients are able to obtain a one-time snapshot of lien activity or continuously monitor a portfolio for changes, which can be delivered automatically to provide early lien notification. The common capability of each product option in the suite – lien and collateral-risk identification – is essential to servicing and risk management for portfolio owners and servicers.
The experienced consultants with Black Knight Data & Analytics' Advisory Services Group can work closely with clients to help determine the best combination of products within the Lien Analytics suite to meet their unique business needs.
"Black Knight is pleased to offer this solution suite to help our clients with one of their most critical challenges: risk mitigation," said Kevin Coop, president of Black Knight's Data & Analytics division. "By automatically providing early lien notifications, the Lien Analytics Suite reduces the time clients spend manually accessing public records information and credit data for loans in their portfolios. We are excited to introduce this solution suite at CBA Live and are confident that retail bankers will benefit from its robust capabilities."