BKI - Black Knight wins contract from Iowa Bankers Mortgage Corp. for MSP servicing
The Iowa Bankers Mortgage Corp., an affiliate of the Iowa Bankers Association, signed a contract to use Black Knight (BKI +0.1%) MSP loan servicing system, a platform that supports all aspects of mortgage servicing. Currently, the MSP system services ~37M active loans. IBMC will also use several other Black Knight (NYSE:BKI) products to support its growth, the companies said. Those include its Customer Service solution, Servicing Digital interactive web an mobile solution, and Default Suite for nonperforming loans. IBMC is also using several servicing-focused data and analytics solutions from Black Knight. On Monday, Black Knight (BKI) reported a record $4.4T of mortgage originations in 2021
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Black Knight wins contract from Iowa Bankers Mortgage Corp. for MSP servicing