VanDyk Mortgage Corporation Selects Industry-Leading MSP Loan Servicing System to Support Business Growth

Rhea-AI Summary

On June 8, 2022, Black Knight (NYSE:BKI) announced its partnership with VanDyk Mortgage Corporation, which has chosen Black Knight's MSP loan servicing system to enhance its servicing operations. This collaboration aims to improve customer experience and operational efficiency. In addition to MSP, VanDyk will utilize Black Knight's Servicing Digital, Customer Service, and Loss Mitigation solutions. The CEO of Black Knight expressed confidence in this partnership, emphasizing the advanced capabilities of MSP to support VanDyk's growth.

Positive

• VanDyk Mortgage Corporation selected Black Knight's MSP loan servicing system, aiding in operational growth.
• The integration of Black Knight solutions is expected to enhance customer experience and operational efficiency.
• Black Knight's MSP platform offers scalability, strong compliance tools, and robust automation.

Negative

• None.

JACKSONVILLE, Fla., June 8, 2022 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced that VanDyk Mortgage Corporation, a national mortgage banker with a 30-year history, has selected the Black Knight MSP loan servicing system to support its growing servicing operations. VanDyk Mortgage Corporation will also leverage several other innovative Black Knight solutions that help enhance customer experience, operational efficiencies and risk mitigation.

"As we continue to grow our portfolio at VanDyk Mortgage, we need an advanced platform that can support our servicing business and help us take it to the next level," said Jeanie Nivison, chief operating officer, VanDyk Mortgage Corporation. "Replacing our current technology with the MSP servicing system offers us the scalability, robust automation, strong compliance tools and flexibility we need moving forward into the future."

In addition to the MSP loan servicing system, VanDyk Mortgage Corporation will be utilizing Black Knight's Servicing Digital,  Customer Service and Loss Mitigation solutions and the Actionable Intelligence Platform, which will enhance its operations and customer service.

"It's a privilege to support VanDyk Mortgage Corporation as they plan for ongoing growth and future success," said Joe Nackashi, chief executive officer of Black Knight. "MSP is an ideal platform for VanDyk Mortgage's needs and integrating additional advanced servicing capabilities will deliver even more robust functionality to help them achieve their goals. The Black Knight team looks forward to building a strong relationship with VanDyk Mortgage for many years to come."

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 servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

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

About VanDyk Mortgage Corporation
VanDyk Mortgage was organized in 1987 by Founder and CEO Thomas L. VanDyk in Grand Rapids, Michigan.

As a national Mortgage Banker, we have been committed to providing residential 1 to 4 family home loans to consumers for over 35 years. We currently have over 500 employees with 93 branch office locations in 46 states across the U.S. During our tenure, we have closed over 100,000+ home loans, maintained a 99% customer satisfaction ratio* and an A+ rating from the Better Business Bureau. We are an approved FannieMae, FreddieMac, GinnieMae seller/servicer/issuer as well as an FHA/VA DE lender. These affiliations give us direct access to the capital markets that are passed on through great pricing to our borrowers. All our loans are originated on a direct retail basis and service many "in house" on our own portfolio. As stated in our Mission Statement, we believe "our customers are the heartbeat of our business and success!"

*Ratio is based on the annual # of closed loans vs complaints received.

For more information:                                                                                                                                  

Michelle Kersch                                                                                              
Black Knight, Inc.                                                                                            
904.854.5043                                                                                                 
michelle.kersch@bkfs.com                                                                                  

Mitch Cohen    
Black Knight, Inc. 
704.890.8158
mitch.cohen@bkfs.com      

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SOURCE Black Knight, Inc.

FAQ

What is the recent announcement from Black Knight (BKI) regarding VanDyk Mortgage?

Black Knight announced that VanDyk Mortgage Corporation selected its MSP loan servicing system to support operational growth and enhance customer experience.

How will Black Knight's solutions benefit VanDyk Mortgage?

VanDyk Mortgage will utilize several Black Knight solutions, including MSP, to improve operational efficiencies and customer service.

What does MSP stand for in the context of Black Knight's services?

MSP stands for loan servicing platform offered by Black Knight, designed to enhance the servicing operations of mortgage lenders.

When was the partnership between Black Knight and VanDyk Mortgage announced?

The partnership was announced on June 8, 2022.