Huntington National Bank renews contract with Black Knight for its MSP service system

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JACKSONVILLE, Florida, November 4, 2021 / PRNewswire / – Today, Dark Knight, Inc. (NYSE: BKI) announced that Huntington National Bank has renewed its contract to use the Black Knight MSP loan management system. Additionally, Huntington is implementing several other Black Knight solutions to support growth, customer experience and regulatory compliance.

“Huntington and Black Knight have a track record of success working together, and we are delighted to expand our relationship with them,” said Paul Heller, Huntington’s chief technology and operations officer. “Growing the consumer real estate loan portfolio is an important part of our strategic plan, and we appreciate Black Knight’s scalable solutions that have helped us manage our expansion and scale in recent years. ”

MSP is a comprehensive, end-to-end platform that supports all aspects of mortgage default management, as well as home equity loans and lines of credit, on one system.

Huntington also uses Black Knight’s Servicing Digital solution, which is integrated with the bank’s digital consumer platform. Servicing Digital is an interactive, consumer-friendly web and mobile solution that provides easy access to personalized and timely information about their mortgages. This powerful app supports deeper consumer relationships and engagement by allowing clients to make mortgage payments and explore refinancing opportunities and more, all from the comfort of the web or mobile device. .

Additionally, Huntington implemented Black Knight’s Loss Mitigation Solution to facilitate more effective loss mitigation processes. Loss Mitigation relies on advanced rules and logic to guide users through step-by-step processes, including validation points throughout the workflow, to reduce missed steps and information neglected.

Huntington also plans to use several service-oriented data and analytics solutions from Black Knight, including McDash Industry Reports. These reports provide overviews of delinquencies and prepayments, rollover rates and state-level mortgage performance data. McDash industry reports are used to support benchmarking and analysis, portfolio management, strategy development and much more. The bank will also use Black Knight’s AFT prepayment and credit model, which provides for voluntary and involuntary prepayments, defaults, defaults, cash flow and severity of losses for loan types. residential and multi-family mortgages.

“Black Knight and Huntington have a strong relationship built on trust, and we are committed to delivering our premier MSP service system to support their success. In fact, Huntington has been invaluable in helping Black Knight build capacity on his home equity in MSP, and we appreciate their leadership’s willingness to help us move the platform forward, ”said Joe nackashi, President of Black Knight. “It is a pleasure to continue to support the continued growth of the bank, and we look forward to seeing the success of the business with our customer-centric and compliance solutions. “

About Huntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a 174 billion dollars regional asset bank holding company headquartered in Columbus, Ohio. Founded in 1866, Huntington National Bank and its affiliates provide consumers, small and medium-sized businesses, corporations, municipalities and other organizations with a full range of banking, payments, wealth management and other products and services. risk management. Huntington operates more than 1,100 branches in 12 states, with some businesses operating in large geographic areas. Visit Huntington.com for more information.

About Black Knight

Black Knight, Inc. (NYSE: BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and services and real estate industries, as well as in capital markets and secondary. Businesses leverage our robust integrated solutions throughout the homeownership lifecycle to help retain existing customers, gain new customers, mitigate risk and operate more efficiently.

Our customers rely on our proven, comprehensive and scalable products and our unwavering commitment to providing superior customer support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

For more information:


Michelle kersch

Mitch cohen

Dark Knight, Inc.

Dark Knight, Inc.

904.854.5043

704.890.8158

[email protected]

[email protected]

SOURCE Black Knight, Inc.


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