Mortgage originator and servicer Home Point Financial has deployed Black Knight’s LoanSphere MSP loan servicing system and its suite of default products.
Black Knight notes that Home Point Financial also implemented the following tools:
- LoanSphere Bankruptcy – assists servicers’ management of the bankruptcy process by using workflow and servicer-defined rules to automate bankruptcy-related tasks;
- LoanSphere Foreclosure – uses workflow and automated, servicer-defined rules to help servicers with the foreclosure process; and
- LoanSphere Invoicing – a web-based invoice management solution that consolidates invoice process tasks, from bill presentment and processing to post-payment activities.
“As we continue to focus on the significant growth of our servicing operations, we believe Black Knight’s MSP system and its default suite will be critical to helping us achieve our goals,” says Willie Newman, president and CEO of Home Point Financial. “Adding these servicing and default capabilities will help us drive operational efficiencies, accommodate our expanding loan portfolio and support our regulatory compliance efforts.”
MSP is an end-to-end servicing system, covering everything from loan boarding to default. More than 34 million active loans are currently serviced on MSP, according to Black Knight.
Photo: Willie Newman
