Black Knight Financial Services, Inc. announced recently that KeyBank will be implementing BlackKnight's LoanSphere MSP system and Portfolio Overview Insight solution. KeyBank will use MSP to service both first mortgages and home equity loans, as well as lines of credit on single platform in an effort to increase efficiency and risk management.
KeyBank will also use additional Black Knight technology solutions, including Customer CareNet, iDisburse, LoanSphere Loan Boarding and Web Services, as well as two Black Knight Data & Analytics solutions: Lien Alert and McDash. These are integrated with the MSP servicing system and help improve customer service and automation.
“We look forward to benefiting from the advantages that Black Knight’s integrated technology systems and access to data across the loan life cycle can offer to help KeyBank improve operational efficiencies and gain greater insight into our performance,” said Amy Brady, CIO, KeyBank. “Black Knight’s ability to support KeyBank’s regulatory and other compliance efforts were another important factor in our decision to expand our current relationship with Black Knight.”
“As an enterprise client, KeyBank will realize enhanced value across the mortgage life cycle,” said Joe Nackashi, President of Black Knight’s Servicing Technologies division. “KeyBank is a valued client, and we are confident our solutions will help the bank respond to regulatory requirements, achieve increased operational efficiency and improve customer service.”