Black Knight Financial Services has integrated its Lien Alert portfolio monitoring tool with its LoanSphere MSP servicing system.
Through the integration, servicers who use MSP will be able to receive automatic notifications regarding changes to the status of properties in their loan portfolio, Black Knight said Wednesday.
“This powerful solution provides the early, critical lien warning notifications servicers need to enhance decision-making and take timely actions to proactively protect the properties securing their portfolios,” Joe Nackashi, president of Black Knight’s Servicing Technologies division, said in a news release.
Black Knight’s MSP users will be able to set rules regarding the frequency of notifications and what indicators will be monitored and trigger alerts. Individual loans or entire portfolios can be monitored.
Lien Alert draws on Black Knight’s public records database and includes information on foreclosure or default activity, tax delinquency, bankruptcy, ownership and occupancy changes, and lien status changes.