Pulte Mortgage Inks Deal To Use Black Knight's MSP System

PulteGroup Inc’s PHM financial services subsidiary, Pulte Mortgage, signed a contract to use Black Knight Inc’s BKI MSP servicing system and suite of digital solutions to increase automation and enhance the customer experience. The financial terms were not disclosed.
MSP is an end-to-end platform that supports all aspects of servicing, from loan boarding to default for first mortgages, home equity loans, and lines of credit, on a single system.
Pulte Mortgage will leverage the MSP system and other Black Knight solutions to gain efficiencies within its mortgage servicing operations.
Price Action: PHM shares are trading lower by 0.44% at $51.68, while BKI traded higher by 0.77% at $78.21 on the last check Wednesday.