Black Knight V3 Update 2
- Posted by NetDirector
- On August 6, 2015
- BKFS, Black Knight, business process automation, data exchange, default servicing
Black Knight™ V3
We have been busy working with many of you on the Black Knight™ V3 transition. We have made a lot of progress; many customers are live and already taking full advantage of the 2015 incentives. Here’s a quick update on our progress.
New Features
- Referrals – No more referral status. All “New” referrals will be determined by Process Type.
- At this time “Document Uploads” will be limited to 8MB in V3 compared to 20MB in V2.
- This is being reviewed by Black Knight management to possibly change.
Many V3 Functions are LIVE!
- Invoice Management – LIVE!
- Referrals and Workload – LIVE!
- Documents (upload/download) – LIVE!
- Standard Events (basic) – LIVE!
- Launch Process/ Add Hold/Fees & Costs/All other transactions – LIVE!
- Standard Events (DDFs – Dynamic Data Forms) – Finalizing
Need to know…
- SSN functionality as it is in V2 and Bankruptcy information are now available.
- The deadline for Black Knight to cover the V3 implementation is December 31st, 2015.
- What is the process to make the transition?
- Click to read our previous Black Knight V3 Update
- Is there a reason I should make the transition?
- Click to read our previous Black Knight V3 Update
Benefits of using
NetDirector vs. Connecting Directly
- NetDirector manages all web service call changes, which can happen often with Servicer requirements shifting regularly
- No UAT region sign-off or ongoing fees
- Streamline business processes to improve inefficiencies
- Improve or maintain high standards compliance
- Reduce development resources
- Significantly reduce overall costs
For more information, contact your Integration Analyst or Darren Meiggs at darren@netdirector.biz or 813.345.4634.