ServiceMac, a provider of sub-servicing and portfolio management services, has selected the Black Knight MSP system to support its clients. It will leverage MSP to deliver a scalable and cost-effective servicing process, with a customer focus that complies with regulations.

"We looked at every mortgage servicing platform on the market," said Bob Caruso, president and CEO of ServiceMac. "After significant due diligence, it was clear that MSP was the best option. The long-term commitment Black Knight makes to its clients, and its focus on delivering innovative solutions represents exactly the provider we were looking for."

MSP is a comprehensive, end-to-end servicing system used by financial institutions to service more than 34 million active loans, among the most in the mortgage industry. The system helps clients manage all servicing processes, from loan boarding and payment processing to escrow administration, default management and so forth. Black Knight's technology infrastructure, data transparency and enhancements to meet changing regulatory requirements will help ServiceMac support its clients

"ServiceMac is poised to be a very successful mortgage servicer due to its customer-focused business model, strong leadership and expertise in the industry," said Joe Nackashi, president of Black Knight Inc.