To facilitate its expansion into mortgage servicing, Lincoln, Neb.-based Union Bank & Trust has signed a five-year contract to service mortgage loans in-house using Black Knight Financial Services' Mortgage Servicing Platform (MSP).
The implementation of MSP complements the broad mix of financial services the bank offers to businesses and individuals, Black Knight says in a press release.
To expand the capabilities of its new servicing platform, Union Bank & Trust will integrate Black Knight's Electronic Loan Interface to automate the loan setup process; Customer CareNet to provide borrowers with instant access to their mortgage information; and iDisburse to provide bank staff with a fully automated check-printing solution for reviewing, printing and auditing disbursements.Â
‘MSP offers us the ability to centrally manage all servicing functions on a single technology platform and to easily accommodate our growing loan portfolio,’ said Alan Fosler, senior vice president, Union Bank & Trust. ‘The powerful capabilities of Black Knight's technology give us the confidence that MSP is the best system to support our bank's expansion into loan servicing.’