Black Knight Financial Services recently announced 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 support bankruptcy 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,” says 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.”