Tammac Holdings Corporation has selected the industry-leading MSP servicing system to enhance its loan servicing business
MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default
Tammac Holdings Corporation will also begin using Black Knight's Servicing Digital solution, which provides customers with personalized, timely information about their mortgage and home; as well as its Loss Mitigation solution, which will help the company streamline loss mitigation processes and reduce risk
JACKSONVILLE, Fla. - Oct. 13, 2021 - Today, Black Knight, Inc. (NYSE:BKI) announced that Tammac Holdings Corporation, a direct lender and servicer with over 40 years in the mobile and manufactured home financing industry, will implement Black Knight's suite of servicing technologies, including its MSP loan servicing system. MSP is a comprehensive, end-to-end solution that supports all aspects of servicing - from loan boarding to default - for first mortgages, as well as home equity loans and lines of credit, on a single system. The company will also add Black Knight's Servicing Digital and Loss Mitigation solutions to further enhance the customer experience, operational efficiencies and risk mitigation.
"Tammac Holdings Corporation is experiencing an exciting period of growth, and enhancing our technology is an important part of this journey," said Troy Cavallaro, chief operating officer at Tammac Holdings Corporation. "Black Knight has been a trusted leader in the mortgage space for decades, and the MSP system and additional servicing solutions were the clear answer for our needs."
Black Knight's innovative Servicing Digital solution will help Tammac Holdings Corporation deepen customer relationships and increase retention. This powerful, interactive application delivers detailed, timely and highly personalized loan information about the value of consumers' homes and how much wealth can be built from their real estate assets. Servicing Digital also enables customers to make mortgage payments and explore opportunities for refinancing and more - all from the convenience of the web or a mobile device.
In addition, Tammac Holdings Corporation will implement the Black Knight Loss Mitigation solution to facilitate a more efficient loss mitigation process. This feature-rich, web-based solution supports industry-standard retention and liquidation workouts to streamline operations and mitigate risk, which is important as loans exit forbearance and move into loss mitigation programs. Loss Mitigation leverages advanced rules and logic to guide users through processes step-by-step - including validation points throughout the workflow - to reduce both missed steps and overlooked information.
"At Black Knight, we continuously make significant investments in our software to support our clients' goals for efficiency, risk mitigation, and growth and retention," said Joe Nackashi, president of Black Knight. "We're pleased that Tammac Holdings Corporation will be leveraging our servicing solutions to help optimize its operations and enhance their customers' experience to compete even more effectively."
About Tammac Holdings Corporation
Founded in 1976, Tammac Holdings Corporation is a private equity-backed mortgage lender that specializes in programs for the manufactured housing industry. Based in Wilkes-Barre, Pennsylvania and currently operating in 14 states, Tammac has been a leader in offering new and competitive financing options to the manufactured housing industry. Tammac has originated over $1 billion in manufactured housing loans. For more information, please visit www.tammac.com.
About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.
Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.