Black Knight has combined its Dialer Optimizer, Prepayment & Default Scores, and Lien Alert solutions into a single product designed to help servicers more effectively manage risk and create loss mitigation strategies.
The new bundle, dubbed Servicing Analytics Suite, includes Dialer Optimizer, an outbound dialer solution which draws on Black Knight’s behavioral models to risk-rank loans based on probability and severity of potential loss, as well as borrower historical payment pattern.
By identifying the highest-risk borrowers, servicers gain the ability to make contact early, thus complying with investor-collection guidelines and reducing loss, the software, data and analytics firm says in a release.
The bundle also includes Black Knight’s Prepayment & Default Scores, a system that provides loan-level default and prepayment probabilities, as well as loss given default, based on predictive analytics. This solution helps servicers quickly and efficiently identify risks in their portfolios. The scores can help with forecasting, loss reserving, retention and more.
The new suite also includes Lien Alert, which monitors loans and properties for key lien-related indicators and employs a push-notification approach to alert users.
Black Knight says its new Servicing Analytics Suite provides a total of seven standard critical lien-related alerts: new loans recorded, property tax delinquency, foreclosure activity, ownership changes, value changes, lien status changes and ARM resets.
Three additional key alerts – including bankruptcy, involuntary liens and judgments, and MLS listings – are also available to add.
