Black Knight Financial Services Announces ASP-Hosted LOS Option – NMP Skip to main content

Black Knight Financial Services Announces ASP-Hosted LOS Option

NationalMortgageProfessional.com
Dec 04, 2015
Black Knight Financial Services (BKFS) has announced the introduction of its Application Service Provider-hosted (ASP) solution for Black Knight’s LoanSphere LendingSpace loan origination system (LOS)

Black Knight Financial Services (BKFS) has announced the introduction of its Application Service Provider-hosted (ASP) solution for Black Knight’s LoanSphere LendingSpace loan origination system (LOS). The LendingSpace LOS, a component of Black Knight’s end-to-end LoanSphere platform, supports correspondent lending and has traditionally been available as a client-hosted application. Lenders that use the ASP solution, which is hosted in Black Knight’s data center in Jacksonville, Fla., will benefit from Black Knight’s management of system deployments, as well as 24/7 system and data monitoring, backup recovery locations and business continuity plans.

With the ASP-hosted option, Black Knight manages software upgrades, system enhancements and test environments, and provides support services to resolve issues quickly. Lenders will benefit from a multi-tenant environment, which results in significant savings because lenders share the cost of developing and deploying additional functionality. The hosted model is ideal for lending organizations that want to realize operational efficiencies, reduce costs and decrease risks associated with the management of IT environments.

The LendingSpace LOS offers the controls, security and configuration necessary to support all loan purchase activities within one system using a seamless, standardized workflow configured to each lender’s specific processes and rules. LendingSpace, a highly scalable LOS that supports the correspondent lending market, is used by six of the top 20 correspondent lenders and processes an average 30,000 purchase loans per month.

LendingSpace offers several unique secondary marketing capabilities, including the ability to:

►Track and manage multiple loan-level locks
Utilize pipeline management and reporting
Track trade confirmations and settlements
Create investor-specific exports
Manage and maintain actionable seller data

LendingSpace is an application within Black Knight’s LoanSphere platform, which offers integrated technology, data and analytics to support the entire mortgage and home equity loan lifecycle from origination to servicing and default.

“Black Knight understands the complexities and growing demands surrounding technology, information security and business requirements. We have decades of proven expertise managing system deployments, allowing lenders to focus their costs and resources on closing more loans—not on IT investments,” said Jerry Halbrook, president of Black Knight’s Origination Technologies Division. “Additionally, by providing our hosting services from the Jacksonville data center, we can offer our clients maximum system support.”

Published
Dec 04, 2015
More from
Tech
Servion Taps Sagent For Consumer-First Servicing Tech Stack

A 7-year deal between Servion Mortgage and Sagent will equip Servion with Sagent's tech stack for performing, non-performing, and consumer experience.

Tech
Nov 29, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Guaranteed Rate Adds New Chief Product And Technology Officer

Guaranteed Rate named Dr. Ramesh Sarukkai as the company’s new chief product and technology officer.

Industry News
Nov 22, 2021
Fintech Mortgage Proven To Reduce Racial Bias In Lending

Technology-based Fintech mortgage may be the answer to reducing, and ultimately eliminating, racial bias and discrimination in lending.

Analysis and Data
Nov 19, 2021
nCino To Acquire SimpleNexus

Cloud banking and digital transformation solutions company, nCino Inc., signed a definitive agreement to acquire SimpleNexus in a stock and cash transaction valued at an estimated $1.2 billion.

Tech
Nov 19, 2021
Guaranty Home Mortgage Partners With Paradatec For Doc Automation

Guaranty Home Mortgage Corporation selected Paradatec's AI-Cloud for document processing and indexing.

Tech
Nov 16, 2021