Ditech Financial LLC has converted approximately 1.4 million loans from its servicing and subservicing portfolios into Black Knight‘s loan servicing system, LoanSphere MSP.
According to Black Knight, MSP offers a single, comprehensive platform to support mortgage loans and home equity products that helps clients manage all servicing processes, including loan boarding, payment processing, escrow administration, default management and more.
“We selected MSP because of its ability to provide Ditech with a robust, industry-standard servicing solution with the scale to support our servicing and subservicing business,” says David Schneider, president of Ditech. “We anticipate this technology will further enhance our ability to deliver an exceptional customer experience as well as our compliance capabilities, an important consideration in our industry’s ever-changing regulatory environment.”
Ditech previously implemented LoanSphere Bankruptcy and Foreclosure, an enterprise workflow application to support the bankruptcy and foreclosure processes; and LoanSphere Invoicing, a Web-based solution that streamlines billing and invoicing. Both solutions integrate with MSP.
