Skip to main content

First Bank Mortgage Inks Renewal of Black Knight Financial's Servicing Platform

NationalMortgageProfessional.com
Oct 15, 2014

Black Knight Financial Services (BKFS) has announced that First Bank Mortgage has signed a three-year contract to continue servicing its mortgage loans on the MSP system, Black Knight's industry-leading mortgage and consumer loan servicing platform. MSP's platform will be used by First Bank Mortgage to manage all of its servicing processes, including loan boarding, payment processing, escrow administration, default management and more. MSP's innovative technology will support First Bank Mortgage's efforts to comply with federal requirements. First Bank Mortgage is a division of First Bank, one of the largest privately owned banks in the country with 130 locations in Missouri, Illinois, Florida and California.

"As a longtime provider for First Bank Mortgage, Black Knight Financial Services has helped us manage our expanding servicing portfolio and support our growth initiatives," said Bill Kusman, president at First Bank Mortgage. "We value the proven stability of Black Knight's servicing system, its reputation for providing support for our compliance requirements, and we look forward to Black Knight's assistance in helping us enhance the consistency and security of our internal processes."

First Bank Mortgage also uses several other Black Knight Financial Services solutions, including Customer CareNet, which gives First Bank Mortgage borrowers instant online access to their mortgage information; Electronic Loan Interface, which automates the loan setup and boarding process; Director, the graphical interface into MSP; Passport, the browser-based ad hoc query solution that accesses loan portfolio data housed on MSP; and iDisburse, a fully-automated check-printing solution for reviewing, printing and auditing disbursements. First Bank Mortgage utilizes an Interactive Response Unit (IVR) that integrates with MSP and allows First Bank Mortgage borrowers instant access to their mortgage information via their phones.    

"We value our long-term relationship with First Bank Mortgage, and we are as committed as ever to providing game-changing solutions and exemplary service to support its continuing success," said Joe Nackashi, CIO and president of Black Knight's Servicing Technologies division.  

Published
Oct 15, 2014
PenFed CU Sees Record Annual Mortgage Lending Volume

PenFed Credit Union announced it's financial highlights from 2021 which includes record annual mortgage lending volume.

Industry News
Jan 21, 2022
Angel Oak Lending Platform Reveals Record-Setting 2021

Last year was a record-setting year for many companies in the mortgage lending space, especially for the Angel Oak lending platform that consists of Angel Oak Mortgage Solutions and Angel Oak Home Loans.

Non-QM
Jan 21, 2022
What Are The Biggest Deal-Breakers For Homebuyers?

The housing market is holding strong but that doesn't mean homebuyers don't have their fair share of deal-breakers when it comes to purchasing a home.

Analysis and Data
Jan 20, 2022
Popular Bank Names National Director Of Residential Lending

Popular Bank named Adam Dejak as its national director of residential lending for Popular Mortgage.

Industry News
Jan 20, 2022
Total Expert Appoints Gaydos As President

Former Talkdesk and SAP senior executive brings extensive cloud, go-to-market, sales, and operations experience.

Industry News
Jan 20, 2022
Sagent Appoints Thompson As Chief Product Officer

Founder of fintech managment consulting firm Consigliera will lead and expand product development.

Industry News
Jan 20, 2022