Black Knight wins contract from Iowa Bankers Mortgage Corp. for MSP servicing

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• The Iowa Bankers Mortgage Corp., an affiliate of the Iowa Bankers Association, signed a contract to use Black Knight (BKI +0.1%) MSP loan servicing system, a platform that supports all aspects of mortgage servicing.
• Currently, the MSP system services ~37M active loans. IBMC will also use several other Black Knight (NYSE:BKI) products to support its growth, the companies said. Those include its Customer Service solution, Servicing Digital interactive web an mobile solution, and Default Suite for nonperforming loans.
• IBMC is also using several servicing-focused data and analytics solutions from Black Knight.
• On Monday, Black Knight (BKI) reported a record $4.4T of mortgage originations in 2021