Continued Investments in Innovation, Risk Mitigation and Client Support Are Reasons for Extending a 40-Year Relationship with Black Knight
Black Knight, Inc. announced today that Dovenmuehle Mortgage, Inc. (“Dovenmuehle”), one of the largest mortgage subservicing companies in the U.S., has signed a contract renewal for MSP, Black Knight’s industry-leading loan servicing system. The MSP platform is used by Dovenmuehle to support and manage its mortgage subservicing business, including loan boarding, payment processing, escrow administration, default management and more.
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“As one of the nation’s largest and most innovative mortgage subservicers, it is imperative that we have a truly best-in-class servicing system to not only manage the immense scope of our day-to-day operations, but to also support our growth and help us mitigate operational risk,” said Bill Mynatt, President of Dovenmuehle. “We are pleased to be continuing our trusted relationship with Black Knight because of its ongoing investment in innovation, risk mitigation and client support, which are all critical in helping us effectively manage our mortgage operations and meet the needs of our diverse client base nationwide.”
The MSP loan servicing system, used to service approximately 36 million active loans, is an end-to-end solution that supports both first mortgages and home equity loans and lines of credit. The system encompasses all aspects of servicing and offers comprehensive functionality to support servicers’ regulatory requirements.
“Dovenmuehle has been a Black Knight client for decades and has experienced tremendous growth in its subservicing business. They have witnessed first-hand our commitment to continual innovation of our solutions and exceptional service for our clients,” said Black Knight President Joe Nackashi. “MSP gives Dovenmuehle the advanced capabilities needed to support its unique business model, while helping to increase operational efficiency, reduce operating costs and improve risk mitigation.”
