Black Knight, Inc. announced that Fahe 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. The nonprofit will also add Black Knight's suite of default solutions to help reduce cycle times, decrease operating costs and improve efficiencies when servicing nonperforming loans.

This includes Loss Mitigation, 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. In addition, Fahe is incorporating Servicing Digital, an interactive, consumer-facing web and mobile solution that provides easy access to customized, timely information about a borrower's mortgage and home.

This powerful application supports deeper consumer relationships and engagement by giving customers tools to make mortgage payments and explore opportunities for refinancing and more - all from the convenience of the web or a mobile device. Fahe is also taking advantage of several servicing-focused data and analytics solutions from Black Knight, including the Actionable Intelligence Platform, which delivers strategic, proactive and actionable analytics to the right people across an organization at the right time, so they know which action to take next. Additionally, the company will use McDash industry reports from Black Knight.

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