The Pennsylvania Housing Finance Agency (PHFA), which serves the people of Pennsylvania by offering affordable housing resources, including loans and tax credits for the construction of affordable rental housing, has signed a multi-year contract to use Black Knight’s LoanSphere MSP.
The PHFA is also using LoanSphere Servicing Digital, a new interactive mobile solution providing detailed, timely and highly personalized information to borrowers about the value of their homes and how much wealth can be built from their real estate assets.
The tool delivers information specific to the borrower’s mortgage, property and local housing market by accessing the servicing data via Black Knight’s MSP system.
In addition, the PHFA is implementing Black Knight’s electronic signature and document fulfillment capabilities, data and analytics tools, and several default servicing solutions.
“PHFA looks forward to working with Black Knight as we continue on our mission of providing capital for decent, safe and affordable homes for older adults, people on moderate incomes and others with special housing needs,” says Brian A. Hudson Sr., executive director and CEO of the PHFA, in a release. “We believe the company’s technology provides the capabilities and support that will allow us to focus on growing our operations and improving the customer experience, while helping us maintain compliance.”
