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DS News December 2019

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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88 FLORIDA Black Knight Launches Regulatory Assist Integration Florida-based Black Knight, Inc. recently announced the launch of its Regulatory Assist solution. Regulatory Assist, which integrates directly with the Black Knight Empower loan origination system is designed to help clients streamline the compliance-testing process and make compliance validation easier and quicker. Regulatory Assist is a centralized rules engine that enables clients to more easily and quickly perform a broad scope of both state and federal loan-level compliance validation tests. Using this new solution, clients will be able to run "lights-out" validations based on the client's configuration, with no manual intervention by leveraging the Empower Or- chestration Engine or run specific regulatory tests from a "Quick Select" screen. e integration of Regulatory Assist with Empower incorporates client compliance test- ing directly into the origination workflow to create real-time tasks and loan conditions. Regulatory Assist displays an overall risk level and other important messages to assist cli- ents with understanding test results. e solution alerts the lender when actions may be required and supports on-the-go issue remediation. According to Black Knight, Regula- tory Assist offers configurability based on a client's business needs. For example, clients can change certain tolerance levels or remove tests if certain regulations do not apply. Test results are saved as a PDF and stored in the Empower document repository for future reference. ese results can also be viewed using Black Knight's business intelligence dashboards enabling the client to drill down on the loan and view current activity as well as review historical compliance testing results for additional insights. "Black Knight offers several services today to support our clients' compliance requirements, and we are excited to expand that support with the launch of Regulatory Assist," said Rich Gagliano, president, Black Knight Origination Technolo- gies. "Compliance testing can add significant time and cost to the loan origination process. By embedding state and federal compliance checks in the origination process via Empower, Regulatory Assist will significantly streamline loan-level test- ing, which can result in reduced operational costs." Bonial & Associates Merges with Kozeny & McCubbin Bonial & Associates, P.C. (BPC) recently merged with Kozeny & McCubbin, expand- ing its legal services to mortgage loan servicers, automotive finance companies, and consumer lending clients in six states, including Texas, California, Missouri, Nebraska, Kansas, and Oklahoma. e combined firms will operate under the name Bonial & Associates, P.C. e move adds all 10 attorneys and 40 staff members from Kozeny & McCubbin to BPC. e new law firm will have 27 attorneys and 92 support staff, positioning it to serve our clients with even greater efficiencies and performance. Combined, the law firm now represents over half of the top twenty mortgage servicers and consumer finance companies with leading services related to handling of foreclosure, bankruptcy, litigation, eviction, and other related legal services. "We are excited to join the Bonial family. We are a stronger team together bringing industry-leading performance and greater stra- tegic value to our clients." Wes Kozeny said. Before the merger, Kozeny practiced in various areas including banking, finance and mortgage lending, bankruptcy, creditors' rights, real estate matters including residential and com- mercial leasing and sale transactions, title litigation, foreclosures, evictions, condemna- tion, and mechanic's liens. Kozeny is licensed to practice in Missouri, Kansas, Nebraska, Oklahoma, Illinois, New York, and Texas. Hilary Bonial, Director of BPC, said, "We are excited to have Wes and team join our family. Together, we can generate even greater benefits with the expanded state footprint. We share the passion and goal of providing excel- lent service for our clients." Bonial is licensed to practice in Texas and Louisiana and is admitted to numerous Federal Courts. Florida Minority Certified Business MIAMI-DADE & BROWARD COUNTIES 786-499-6994 www.REOPitStop.com Luis@ContinentalRealtors.com RESNET ID: 106089 | Equator ID: 272261 Luis F. Guzman Broker/Owner THE LEADER IN DEFAULT SERVICING NEWS Help shape the next issue of DS News. Drop us a line at Editor@DSNews.com.

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