HomeStreet Bank, a full service bank that originates residential and commercial mortgages and construction loans in the Western U.S. and Hawaii, has renewed its subscription for Black Knight’s LoanSphere MSP for another five years.
“The work that Black Knight has been doing to enhance and innovate MSP has helped to advance our consumer offerings, which in turn helps us provide additional capabilities and superior support to our customers,” says Marlene Price, senior vice president, loan servicing director, for HomeStreet Bank, in a release.
The agreement extends HomeStreet’s nearly 45-year relationship with Black Knight.
In addition to renewing its contract for Black Knight’s Web-based mortgage servicing platform, HomeStreet Bank is also using the software firm’s LoanSphere Invoicing technology to consolidate invoice processing tasks – from bill presentment and processing to post-payment activities.
Black Knight claims that by creating an entirely electronic process, LoanSphere Invoicing – which is part of its Default Solutions suite – can help mortgage servicers realize faster, easier and more cost-effective payments on invoices.
