Black Knight Financial Services, Inc., a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced that RoundPoint Mortgage Servicing Corp., one of the nationâs largest non-bank mortgage servicing companies, has renewed its contract for LoanSphere MSP, Black Knightâs industry-leading loan servicing system, according to a company press release.
RoundPoint Mortgage Servicing Corp. is a fully licensed, national mortgage servicer approved by Fannie Mae, Freddie Mac and the U.S. Department of Housing and Urban Development (HUD). Black Knightâs MSP platform is a complete, scalable, end-to-end system used by financial institutions to manage all servicing processes, including loan setup and maintenance, escrow administration, investor reporting, regulatory requirements and more.
RoundPoint has been using MSP, a comprehensive, end-to-end loan servicing system encompassing all aspects of servicing from loan boarding to default, for more than eight years
âMSP provides RoundPoint with the functionality needed to help us support our regulatory and investor compliance efforts in todayâs dynamic environment,â RoundPoint CEO Kevin Brungardt said in the release. âWe appreciate the opportunity Black Knight provides us to participate in its user groups, where we can provide input on system enhancements to meet changing requirements.â
In addition to supporting its regulatory and investor compliance initiatives, RoundPoint uses MSP to help efficiently and effectively manage its servicing operation and deliver comprehensive support to borrowers.
âWe are pleased to continue our business relationship with RoundPoint and provide the company with the innovative technology capabilities needed to help support and streamline its servicing operations,â Black Knightâs Servicing Technologies Division President Joe Nackashi said. âAs a leading fintech, Black Knight continually makes enhancements to MSP that help RoundPoint and our other clients address current and changing compliance requirements, reduce servicing costs and advance the servicing industry.â