LoanSphere® MSP for Home Equity
When it comes to loan servicing systems, go for quality over quantity. Servicing mortgage and home equity loans on separate systems elevates risk, creates operational inefficiencies and increases IT operating costs.
Black Knight's integrated loan servicing system – LoanSphere MSP
– brings home equity and mortgage loan servicing functionality into a single, comprehensive solution. This gives retail and mortgage bankers the ability to automate all areas of loan servicing – including loan setup and maintenance, customer service, cashiering, escrow administration, investor accounting, default management, corporate accounting and federal regulatory reporting.
LoanSphere MSP provides integration and automation to service home equity loans, home equity lines of credit and mortgage loan products, including, but not limited secured and unsecured personal loans, fixed-rate mortgages, adjustable-rate mortgages, construction loans, subprime loans and daily simple interest loans.
With LoanSphere MSP, servicers gain:
- Enhanced risk mitigation
- Improved compliance management
- Increased productivity and flexibility
- Reduced overall servicing costs
- Increased management and control