- Solution helps borrowers reduce risk and unforeseen costs by disclosing liens not typically included in standard title searches
- Black Knight’s access to significantly greater property and tax data than offered by a traditional online title search can reveal additional outstanding property debts and who to contact to resolve them
- Black Knight covers search costs upfront; borrowers pay at closing
JACKSONVILLE, Fla., May 24, 2017 (GLOBE NEWSWIRE) -- The Data & Analytics division of Black Knight Financial Services (NYSE:BKFS) today introduced Municipal Lien Search, a new solution that helps find liens that are not included on property reports and are outside the scope of title insurance coverage. Examples of these types of liens include county debts; code and force violations; waste, water and sewer.
Unrecorded municipal liens can remain undiscovered and become the responsibility of the new property owner upon closing. Black Knight’s Municipal Lien Search solution offers a faster and simpler way to help identify unrecorded property liens. Through access to significantly greater property and tax data than can be pulled from a traditional online title search, Black Knight can quickly help identify outstanding property liens, violations, assessments and more that would fail to show up in a standard title search. Any findings are presented in a clear, concise report, along with the necessary contacts to resolve outstanding issues. Available nationwide, the Municipal Lien Search solution is requested and delivered through Black Knight’s OrderPoint technology, an online tracking and delivery tool that is integrated with Black Knight’s national title production network.
“With this innovative tool, which is part of our national, comprehensive title solution suite, we are helping buyers and title companies keep informed during the origination process by shedding light on any outstanding debts on a property,” said Lisa Roessler, vice president, Black Knight Title Solutions division. “Making buyers aware of any outstanding liens before closing helps reduce their risk and provides for a better borrower experience.”
About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE:BKFS) is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.
Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.bkfs.com.
For more information:
Media contact:
Michelle Kersch
904.854.5043
michelle.kersch@bkfs.com