Bankruptcy and Foreclosure
Ensure that you are operating at maximum efficiency with Black Knight's premier default technology. Black Knight's LoanSphere Bankruptcy/Foreclosure technology has configurable workflow that operates from the user level leveraging sophisticated rules-based functionality. This powerful rules-driven system conforms to existing servicer business practices and initiates tasks following servicers' pre-defined processes for foreclosure and bankruptcy.
Maximize your business processes by directing and delivering relevant information, including documentation and services, all from one secure, real-time platform. Reconciliation of third-party information is streamlined utilizing a single, Web-based access point to connect third-party contacts. LoanSphere Bankruptcy/Foreclosure also integrates with other Black Knight technologies, including LoanSphere Invoicing and the LoanSphere MSP servicing system.
LoanSphere Bankruptcy/Foreclosure tracks, time stamps and permanently records all of the activities associated with a distressed loan. This data may be accessed in real time and exported, as needed, to support compliance.