Black Knight, Inc. announced that Mortgage Clearing Corporation has signed a contract for the MSP loan servicing system. MSP is Black Knight's comprehensive, end-to-end loan servicing system that supports all aspects of servicing, from loan boarding to default. MSP and Black Knight's integrated servicing solutions will help MCC position itself for portfolio growth while continuing to deliver high-quality customer service.

Servicing Digital is an interactive, consumer-facing responsive web and mobile solution that gives homeowners easy access to customized, timely information about their mortgage and home. This powerful application supports deeper consumer relationships and engagement by providing customers with tools to make mortgage payments and more ? all from the convenience of the web or a mobile device.

MCC will also add the Black KnightLoss Mitigation offering, a feature-rich, web-based solution that supports industry-standard retention, collections and liquidation workouts to help improve operations and mitigate risk. Loss Mitigation leverages advanced rules and logic to guide users through processes step-by-step, including validation points throughout the workflow, to help reduce missed steps and overlooked information. Additionally, MCC will use McDash industry reports from Black Knight to gain greater insight that can help MCC make more informed decisions.

These reports ? which provide delinquency and prepayment overviews, roll rates, and state-level mortgage performance data ? are used to support benchmarking and analysis, portfolio management, strategy development and more.