PITTSBURGH, PA - October 20, 2017—FZDS™, a recognized leader in the flood zone determination industry, and Black Knight, Inc. (NYSE: BKI) announced the integration of FZDS’s flood zone determination services into Black Knight’s industry-leading loan servicing system, LoanSphere® MSP®. Certified by the National Flood Determination Association (NFDA), FZDS offers state-of-the-art mapping, convenient reporting options, and dependable determinations. Leading-edge technology enables FZDS to provide timely and reliable flood zone determinations at loan origination—and to reliably track a property throughout the life of the loan, ensuring its status remains compliant with the mandatory purchase requirement.
Black Knight’s LoanSphere MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default, for first mortgages and home equity loans. By integrating FZDS’s flood zone determination services directly with MSP, Black Knight clients can take advantage of this capability to provide a more accurate and seamless process for tracking and updating flood zone determinations. When FEMA flood maps change, automatic updates further reduce the risk of errors, delays, and costs associated with manual notifications.
“Integration of FZDS services enables Black Knight’s clients to automate life-of-loan flood zone tracking inside the trusted system they already use,” said FZDS Director of Sales Steve Murchison. “FZDS has broad experience with evolving technology, including customer-facing origination, servicing systems, and internal processing technology. Our experienced technical experts make the transition into integration simple and pain-free for servicers.”
“Integrating FZDS flood zone determinations within the MSP system is one more example of Black Knight’s ongoing commitment to innovation with our technology,” said Joe Nackashi, president of Black Knight. “Delivering this latest business process automation will further help clients reduce risk, support compliance and increase their operational efficiency for better performance.”
To get connected to FZDS flood determination services, contact us at 800-324-1284 and firstname.lastname@example.org.
FZDS provides Flood Zone Determinations nationwide for lender compliance with National Flood Insurance Program regulatory requirements. Federal regulations require lenders to determine and document whether collateral used to secure a mortgage is located in a Special Flood Hazard Area (SFHA). Life-of-Loan tracking, census tract data, borrower’s notices, and aerial map copy make FZDS your single source for flood zone determinations. FZDS is sharply focused on providing customers with superior accuracy and delivering solutions that save lenders time and money. Learn more at https://www.fzds.com/
Director of Sales
About Black Knight
Black Knight is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle. Black Knight is committed to being a premier business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services and insights with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight, please visit www.blackknightinc.com.
Black Knight Financial Services