Mortgage Bankruptcy Software
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- Guided processes to help servicers navigate complex bankruptcy handling
- Near real time client-vendor communications and document sharing capabilities
- Standard integration with MSP and docket providers that offer relevant data needed for the bankruptcy process
- Collaborate with attorneys over proof of claim documents
Black Knight offers web-based capabilities to help you efficiently manage loans through the various stages of the bankruptcy process, including notification, case monitoring, closing and claim filings. Bankruptcy℠ supports existing business processes with configurable event tracking and client-defined exception handling to help you streamline bankruptcy processes, reduce risk and communicate more effectively with attorneys.
Within a default operation, bankruptcy can be a time-consuming process, with intricate rules that servicers must follow.
Our solution can help automate the extensive and often complex steps associated with bankruptcy. Bankruptcy seamlessly integrates with the MSP® loan servicing system and bankruptcy services, such as NDC and AACER. The guided navigation and event timeline management tools provide an easy path to help you track and manage court filings.
- Support compliance with bankruptcy rules
- Maximize process efficiencies
- Reduce time- and labor-intensive processes in case preparation and filing
- Streamline processes to decrease manual data entry and paperwork
Adapts to Existing Business Processes
Supports existing business processes and exception management with out-of-the-box configuration that can be customized.
Automated Processes and Event Tracking Management
Offers robust capabilities including advanced rules-based technology to help with various processes, including the creation of the proof of claim forms, payment notifications, escrow analysis and document collaboration with attorneys.
Automated Work Item Management
Maximize efficiencies while reducing risk, human error and processing timelines.
Integration with MSP and Docket Providers
The MSP loan servicing system is the mortgage industry’s leading servicing software for portfolios of all sizes; Bankruptcy can also integrate with the docket provider the servicer chooses.
Minimize errors and risk by preparing, modifying and approving court forms, such as the proof of claim. The solution also provides the ability to upload and print documents, then can transmit the data to an approved third party to complete the filing.
What can the Bankruptcy solution be used for?
Using the Bankruptcy integration with MSP, loan data can be retrieved to produce approved U.S. Bankruptcy Court Proof of Claim (POC) forms. Servicers can prepare, modify, and approve POC forms and upload documents that need to be included. They can also print the forms directly from the application or transmit the data to an approved third party to complete the filing. Additionally, the solution can help servicers minimize errors, reduce risk, increase processing volumes and manage court notices.
How does our Bankruptcy software work?
The adaptable solution supports existing business processes and client-defined exception handling, while offering highly configurable business rules – delivering the flexibility servicers need to meet business needs as market conditions change over time.
Talk to an expert
When the next default cycle comes, forward-thinking mortgage servicers will be ready. Black Knight delivers the expertise, automation and support to help you simplify processes and better engage with your customers. Speak to a Black Knight representative to find out how we can help.
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Related Solutions for Bankruptcy
Bankruptcy seamlessly integrates with Black Knight’s suite of easy-to-use, web-based default servicing solutions. These applications deliver the advanced automation and task-item workflows to streamline a variety of default processes, including foreclosure, loss mitigation, claims and invoicing.
Reach Your Bankruptcy Servicing Goals
Whether you’re looking to simplify processes, reduce turnaround times or something else – Black Knight can help. Select a goal below to learn more.
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