With more than 600 team members, TMS is a national lender and servicer licensed or exempt from licensing in all 50 states and the District of Columbia. Founded in 1997, with a mission to Grow Happiness, TMS is a fast growing fintech company that provides products, technology, speed of service and a unique customer experience to borrowers, clients and team members in their pursuit of happiness. The Money Source Inc.(TMS) is a different kind of company that does business in a different kind of way. "We are pleased to be expanding our relationship with an innovative mortgage industry leader and look forward to supporting TMS with innovative capabilities that elevate its subservicing business to the next level." "Black Knight is deeply committed to delivering premier technology solutions with exceptional, knowledgeable service to our clients," said Black Knight President Joe Nackashi. TMS currently uses Black Knight's suite of default capabilities, including Bankruptcy, Foreclosure, Invoicing and Claims solutions to help decrease cycle times, reduce costs, mitigate risk and improve operating efficiencies with the management of non-performing loans. Loss Mitigation also provides all stakeholders the same insight into the borrower's status. The solution assists servicers with accurate, timely information about the borrower assistance process, while creating an audit trail to track compliance with regulatory requirements. Loss Mitigation is also integrated with MSP and provides TMS with comprehensive, end-to-end loss mitigation support.
Available as a responsive web design or as a native mobile app, Servicing Digital will help TMS deepen customer relationships, enhance service and increase satisfaction. Customers can use the solution to review their home and loan information make mortgage payments online and explore opportunities for purchasing a home, refinancing, or taking out a home equity loan. Servicing Digital – seamlessly integrated with MSP – is an interactive, user-friendly web and mobile solution that provides personalized, timely information to customers about their mortgage loans and homes. The scalable system can accommodate virtually any size portfolio and encompasses all aspects of servicing – from payment processing to escrow administration, customer service, default management and more – and offers comprehensive functionality to support servicers' regulatory requirements. The MSP loan servicing system, used to service approximately 36 million active loans, is an end-to-end solution that supports both first mortgages and home equity loans and lines of credit on the same system. "TMS is also committed to driving servicing innovation in our operations, and there is simply no better partner in this regard than Black Knight and its proven record of bringing transformational technology to the mortgage industry." "We take great pride in offering our customers best-in-class technology, so it was important for us to extend our commitment to using MSP, the industry's leading servicing system, and its suite of integrated capabilities to support our default loan processes," said Stavros Papastavrou, CEO, TMS. TMS also recently implemented Black Knight's Loss Mitigation, a comprehensive, end-to-end loss mitigation workflow and decisioning tool, and will soon be using Servicing Digital, an innovative solution that offers borrowers ongoing, detailed information about their loans and homes, and the tools to manage housing wealth. TMS signed a multi-year renewal for Black Knight's suite of servicing and default solutions, including the MSP servicing system. (TMS), a leading fintech provider focused on mortgage servicing, subservicing and correspondent lending.
(NYSE: BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, announced the expansion of its relationship with The Money Source Inc.
22, 2021 /PRNewswire/ - Black Knight, Inc.
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