Rushmore Signs Renewal for Black Knight’s LoanSphere Servicing System

first_img in Featured, Headlines, Journal, News, Servicing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 24, 2018 1,992 Views Subscribe Rushmore Signs Renewal for Black Knight’s LoanSphere Servicing System Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Black Knight Inc Company News LoanSphere MSP Rushmore Loan Management Services Previous: Report Questions Effectiveness of Fed’s Crisis-Era Purchases Next: Rosenberg & Associates LLC Hires Two New Attorneys About Author: David Wharton  Print This Post Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Jacksonville, Florida-based Black Knight Inc. announced today that Rushmore Loan Management Services LLC, a multi-faceted residential mortgage servicer and lender located in Irvine, California; Dallas, Texas; and San Juan, Puerto Rico, has signed a renewal agreement for LoanSphere MSP, Black Knight’s industry-leading servicing system. MSP’s innovative technology will continue to support Rushmore Loan Management’s efforts to remain compliant with regulatory requirements.“We are pleased to continue our relationship with Black Knight, and use the MSP platform to effectively manage our servicing processes and support our compliance efforts,” said Terry Smith, CEO, Rushmore Loan Management. “The addition of Lien Alert to notify us of certain changes in lien status will serve as a valuable tool to assist our teams in proactively addressing at-risk loans.”The MSP loan servicing system is an end-to-end solution that encompasses all aspects of servicing for both first mortgages and home equity loans and lines of credit. The system’s comprehensive functionality, which supports servicers’ regulatory requirements, is used to service more than 33 million active loans and helps servicers increase operational efficiency, reduce operating costs and improve risk mitigation. Rushmore Loan Management will continue to use Customer CareNet, a web-based portal that servicers can provide to their borrowers for instant online access to their mortgage and home equity loan information. It also enables borrowers to perform basic, self-service tasks directly from the portal.As part of the renewal, Rushmore Loan Management will implement Lien Alert, a unique, automated solution that monitors loans and provides alerts on critical lien-related indicators that could impact a servicer’s business, such as foreclosure/default activity, ownership changes, new loans recorded, ARM resets and more. The servicer also plans to implement LoanSphere Loan Boarding, a user-friendly solution providing the functionality to efficiently board new and seasoned mortgage and home equity loans onto MSP.“We value Rushmore Loan Management’s confidence in our MSP system and its ability to reinforce Rushmore’s commitment to providing outstanding loan servicing and customer support,” said Black Knight President Joe Nackashi. “We will continue supporting the company’s growth with our innovative software and dynamic data and analytics capabilities.” Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Black Knight Inc Company News LoanSphere MSP Rushmore Loan Management Services 2018-02-24 David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Featured / Rushmore Signs Renewal for Black Knight’s LoanSphere Servicing Systemlast_img


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