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RoundPoint Extends Contract for LoanSphere MSP, Black Knight Financial Services' End-to-End Loan Servicing System

February 08, 2017

- MSP provides the scalability, features and functionality to support RoundPoint's servicing operations and compliance requirements.
- RoundPoint has been using MSP for more than eight years.
- MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default.

JACKSONVILLE, Fla., Feb. 8, 2017 /PRNewswire/ -- Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that RoundPoint Mortgage Servicing Corporation, one of the nation's largest non-bank mortgage servicing companies, has renewed its contract for LoanSphere MSP, Black Knight's industry-leading loan servicing system. RoundPoint Mortgage Servicing Corporation 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 Knight's 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.

"MSP provides RoundPoint with the functionality needed to help us support our regulatory and investor compliance efforts in today's dynamic environment," said Kevin Brungardt, CEO, RoundPoint Mortgage Servicing Corporation. "We 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."

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.

"We 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," said Joe Nackashi, president, Black Knight's Servicing Technologies division. "As 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."

About RoundPoint Mortgage Servicing Corporation
Founded in 2007, RoundPoint is a fully-licensed agency and non-agency subservicer for commercial banks, credit unions, mortgage companies and hedge funds. The Charlotte, NC-based company currently services over $75 billion worth of mortgage assets, which are comprised of its own assets and loans subserviced for many other investor types nationwide. RoundPoint is licensed to service loans in all fifty states, the District of Columbia, and the U.S Virgin Islands and is publicly rated by Fitch Ratings (RPS3+, RSS3+), Standard & Poor's (Average) and Kroll Bond Rating Agency (BB). RoundPoint is a seller and servicer for Fannie Mae and Freddie Mac. It is an approved single family Issuer and servicer for Ginnie Mae, and maintains current MBS issuer eligibility. RoundPoint is also an approved servicer for the U.S. Department of Housing and Urban Development, the U.S. Department of Veterans Affairs and the U.S. Department of Agriculture. In addition to servicing loans guaranteed by Fannie Mae, RoundPoint services for third parties and has an extensive portfolio of loans involved in FDIC structured and shared loss transactions. For more information, please call Allen Price, SVP of Business Development (704) 426-8846. Lenders and investors can learn more about RoundPoint's servicing offerings by visiting roundpointexchange.com. Borrowers may visit RoundPoint's consumer website at www.rpmservicing.com.

About Black Knight Financial Services, Inc. 
Black Knight Financial Services, Inc. (NYSE: BKFS) is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.

Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.bkfs.com.

For more information:

Michelle Kersch
Black Knight Financial Services
904.854.5043
michelle.kersch@bkfs.com    

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/roundpoint-extends-contract-for-loansphere-msp-black-knight-financial-services-end-to-end-loan-servicing-system-300404096.html

SOURCE Black Knight Financial Services, Inc.

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