Skip to main content

Black Knight Adds Puerto Rico Data to McDash Database

Feb 21, 2018
Black Knight Inc. has introduced LoanSphere Servicing Digital, a solution to help mortgage servicers deepen customer relationships and increase retention

Black Knight Inc. has announced the addition of loan-level performance data for loans on single-family properties in Puerto Rico into its McDash mortgage and home equity database.
 
According to the company, more than 200,000 homes were damaged by Hurricane Maria and an estimated 84,000 mortgages remain past-due as a result of the storm. More than one-third of all mortgages in Puerto Rico are at least one payment in arrears, while 19 percent are 90 or more days past due. Ginnie Mae loans account for twice the Puerto Rican market share versus the level within the U.S. mainland market.
 
“The devastating impact of Hurricane Maria—and to a lesser extent, Irma as well—is still being felt on the ground in Puerto Rico,” said Kevin Coop, Group Executive and President of Black Knight’s Data & Analytics division. “That impact extends into the mortgage market as well. Expanding our dataset to include mortgage loans in Puerto Rico will help industry professionals assess mortgage credit, prepay and loss performance on the island, even in the best of times. Post-Maria, the need for insight into loans on the island has become that much more urgent, and McDash can help provide the details needed to manage the associated portfolio risk.”

 
About the author
Published
Feb 21, 2018
FHFA Approves Freddie Mac's Second Mortgage Pilot

The GSE's limited program will permit cost-effective cash-out refinances

Jun 24, 2024
Former Rocket Mortgage SVP Turned UWM Broker Partner

Zoom Home Lending, headed by former Rocket Mortgage executives, partner with their old wholesale rival, UWM

Jun 20, 2024
Potential For Declining Rates This Summer, Following CPI Report

Norada Real Estate Investments said "rates likely to decline" after the latest CPI report.

Jun 17, 2024
Looking For Change Under Every Couch?

Don’t overlook the obvious – employees have ideas for cost savings, too

Jun 10, 2024
New American Funding Announces New Cash-Offer Program

Similar to Opendoor and Homeward, NAF Cash Maps offers buyers a bidding war advantage

Jun 05, 2024
CFPB Issues Public Inquiry On Junk Fees Affecting Closing Costs

Agency seeks to understand why closing costs are up, who is benefiting, and how costs can be lowered.

May 30, 2024