48
CENLAR RENEWS
DEAL FOR
BLACK KNIGHT'S
SERVICING SYSTEM
Black Knight Inc. has announced that
subservicer Cenlar FSB has renewed its
contract to continue using Black Knight's
MSP loan servicing system, and servicing and
default solutions.
"Black Knight is a trusted strategic partner
with a deep understanding of Cenlar's business
operations and is dedicated to supporting
our future needs," said Robert Lux, COO
of Cenlar. "Black Knight's commitment to
investing in solutions that benefit our business,
along with their industry-leading servicing
solutions, have supported our operations, and
their solutions easily scale to accommodate our
business as it has expanded."
e MSP servicing platform helps clients
manage all servicing processes, including
loan onboarding, cash management, investor
reporting, loss mitigation, and default. e
system can accommodate virtually any size
portfolio and is used to service approximately
37 million active first mortgages and home
equity loans across the U.S. on one unified
platform.
Cenlar also utilizes Black Knight's suite
of default capabilities, including bankruptcy,
foreclosure, invoicing and claims solutions
to help decrease cycle times, reduce costs,
mitigate risk and improve operating
efficiencies.
"Cenlar is a valued, long-standing client of
Black Knight, and we are proud to continue
supporting the organization's growth through
all stages with our integrated solutions and
innovative capabilities," said Joe Nackashi,
President of Black Knight and its Servicing
Technologies Division. "It's a privilege to
serve the Cenlar organization, and we are
committed to providing advanced solutions to
meet its needs, both now and in the future."
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