JACKSONVILLE, Fla., Oct. 27, 2015 /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 JPMorgan Chase, a leading global financial services firm, will add home equity loans to MSP, Black Knight's leading-edge servicing system, over the next year. Additionally, JPMorgan Chase signed a long-term extension for MSP.
MSP is a comprehensive servicing platform currently being used by JPMorgan Chase to help manage the servicing of mortgage loans, which involves loan boarding, payment processing, escrow administration, default management and more. MSP's innovative technology is also used to reduce JPMorgan Chase's total cost of servicing. MSP was recently recognized as a "Best-in-Class" solution in CEB TowerGroup analysts' "Loan Servicing Systems Technology Analysis" report published in February 2015.
"We are excited to expand our long-time partnership with JPMorgan Chase and provide the technology to centralize its portfolios on a single platform," said Joe Nackashi, Black Knight's CIO and president of its Servicing Technologies division. "MSP's end-to-end capabilities, supported by Black Knight's default technology and data and analytics solutions, will be key to continue JPMorgan Chase's strategic growth efforts."
About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE: BKFS), a Fidelity National Financial (NYSE:FNF) company, is the mortgage and finance industries' 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 the 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.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About CEB
CEB, the leading member-based advisory company, equips more than 10,000 organizations around the globe with insights, tools and actionable solutions to transform enterprise performance. By combining advanced research and analytics with best practices from member companies, CEB helps leaders realize outsized returns by more effectively managing talent, information, customers and risk. Member companies include 90% of the Fortune 500, nearly 75% of the Dow Jones Asian Titans, and more than 85% of the FTSE 100. More at cebglobal.com.
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SOURCE Black Knight Financial Services, Inc.
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