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PNC Bank N.A. to Convert Home Equity Loans to Black Knight Financial Services' LoanSphere MSP Servicing SystemJACKSONVILLE, Fla., Jan. 13, 2016 /PRNewswire/ -- Black Knight Financial Services (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that PNC Bank N.A., a member of The PNC Financial Services Group, Inc. and one of the largest diversified financial services institutions in the U.S., will add its home equity loans and lines of credit portfolio to Black Knight's LoanSphere MSP system over the next year. Additionally, PNC signed a seven-year contract extension for MSP, the industry's leading servicing system, to help manage the servicing of its mortgage loans, which involves loan boarding, payment processing, escrow administration, default management and more. PNC also uses Black Knight solutions to supportbankruptcy and foreclosure processes; invoicing; integration and collaboration with service providers; and to access insightful data and analytics. "We are excited to expand our 20-year relationship with PNC and provide a single platform to help centralize its servicing operation," said Joe Nackashi, president of Black Knight's Servicing Technologies Division. "This consolidation will offer significant advantages to PNC in support of its strategic growth efforts." About LoanSphere About Black Knight Financial Services, Inc. Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.bkfs.com. For more information: Michelle Kersch Logo - http://photos.prnewswire.com/prnh/20150712/235391LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pnc-bank-na-to-convert-home-equity-loans-to-black-knight-financial-services-loansphere-msp-servicing-system-300203552.html SOURCE Black Knight Financial Services, Inc. |