Black Knight Financial Services, Inc. announced that myCUmortgage, a wholly owned by Wright-Patt Credit Union, has signed a seven-year contract to implement LoanSphere MSP, Black Knight's mortgage and home equity loan servicing platform. MSP is a complete, end-to-end system used by financial institutions to manage all servicing processes, including escrow administration, investor reporting and more. The platform offers servicers the ability to meet the mortgage and home equity loan servicing needs of any size portfolio.

myCUmortgage is moving its mortgage loans from a current sub-servicing provider to in-house servicing on Black Knight's MSP system. After a thorough RFP process, myCUmortgage selected MSP because of its scalability, its flexibility to meet changing regulatory requirements and the system's proven track record of servicing excellence. The MSP platform will support myCUmortgage's projected growth of its loan servicing portfolio, as well as help further enhance the member experience.

The organization will also use additional Black Knight solutions that are integrated with MSP, including: LoanSphere Loan Boarding to automate the loan setup process; iDisburse, a fully automated solution for processing, reviewing, printing and auditing mortgage-related and other disbursements; Director, MSP's graphical interface for users; Customer CareNet, an online solution that gives borrowers instant access to their mortgage information; Passport, a browser-based ad hoc query solution that accesses loan portfolio data housed on MSP; Web Direct, online access to loan information for approved third parties.