Can anyone guess which other large financial institution uses Black Knight? I’ll give ya a $1.
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Literally everyone in the mortgage servicing industry uses MSP. It is a DOS based system dating back to 1969 but since everyone has been using it for 30+ years it would be near impossible to switch to anything else. The benefit is software integration can easily be built to sit on top of MSP to make viewing data, updating loan information, etc. more user friendly.
WF has been partnering with Black Knight for at least a decade. This has nothing to do with Chase. Chase and WF are far from the only financial institutions using BK, it's essentially the industry standard.
WF copies Chase in a lot of horrible ways, but this isn't one of them. Take 5 mins to actually learn about the industry you work in, you dolts.
Copy-paste. Another milestone completed.
Yes! It is Chase! Ding ding ding!
It is Chase:
https://www.blackknightinc.com/jpmorgan-chase-signs-contract-to-implement-black-knights-loansphere-empower-for-home-equity-originations/
WFHM’s entire servicing platform is Black Knight so this makes sense.
Is it Chase?! Lol