Black knight

Black Knight: Mortgage Delinquencies Near Record Low in August; Foreclosure Starts Up 15% from July, Still More Than 40% Below Pre-Pandemic Levels

Retrieved on: 
Friday, September 23, 2022

After dropping steadily over recent months, cure activity also improved in August, with 62K seriously delinquent loans curing to current status, up from 58K in July

Key Points: 
  • After dropping steadily over recent months, cure activity also improved in August, with 62K seriously delinquent loans curing to current status, up from 58K in July
    Likewise, starts were initiated on 3.4% of serious delinquencies; up slightly from July but still less than half the rate seen in the years leading up to the pandemic
    Prepays (SMM) edged up 1.5% for the month, due to calendar-related effects, but are still down by 69% year-over-year as rising rates continue to put downward pressure on both purchase and refinance lending
    JACKSONVILLE, Fla., Sept. 23, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) reports the following "first look" at August 2022 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
  • Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 2.79%
    Number of properties that are 30 or more days past due, but not in foreclosure: 1,489,000
    Number of properties that are 90 or more days past due, but not in foreclosure: 567,000
    Number of properties in foreclosure pre-sale inventory: 185,000
    Number of properties that are 30 or more days past due or in foreclosure: 1,674,000

iTHINK Financial Credit Union Signs Contract for the Black Knight Empower LOS to Help Drive Growth and Provide Members With an Exceptional Experience

Retrieved on: 
Tuesday, September 13, 2022

iTHINK Financial has also selected a suite of fully integrated web-based solutions that will allow them to focus on continuing to meet their members' financial needs.

Key Points: 
  • iTHINK Financial has also selected a suite of fully integrated web-based solutions that will allow them to focus on continuing to meet their members' financial needs.
  • "iTHINK Financial prides itself on offering personalized, 'white glove' service and we are confident that Empower will help them keep that commitment," said Rich Gagliano, President, Origination Technologies at Black Knight.
  • iTHINK Financial, established in 1969, is a growing and dynamic Credit Union, with more than 100,000 Members worldwide and over $2 billion in assets.
  • A Credit Union is a not-for-profit financial institution that is owned by its Members.

REPAY Hires Erik Skinner as Senior Vice President of the Mortgage Vertical

Retrieved on: 
Tuesday, September 13, 2022

Repay Holdings Corporation (NASDAQ: RPAY) (REPAY), a leading provider of vertically-integrated payment solutions, today announced the addition of Erik Skinner as Senior Vice President, Mortgage Vertical Executive.

Key Points: 
  • Repay Holdings Corporation (NASDAQ: RPAY) (REPAY), a leading provider of vertically-integrated payment solutions, today announced the addition of Erik Skinner as Senior Vice President, Mortgage Vertical Executive.
  • In his new role, Skinner will focus on enhancing REPAYs mortgage offerings through business development opportunities and strategic product development.
  • Prior to joining REPAY, Skinner served as Senior Vice President, Servicing Product Strategy Director, at Black Knight, Inc., where he was responsible for MSP and back-office customer experience modernization.
  • Before Black Knight, Skinner served as Senior Vice President of Performing Mortgage Servicing at Fifth Third Bank, after serving as Vice President of Customer Advocacy at PHH.

Black Knight Originations Market Monitor: Lock Volume Drops Sharply on Rising Rates as August Production Hits Four-Year Low

Retrieved on: 
Monday, September 12, 2022

Leveraging daily rate lock data from the Black Knight Optimal Blue PPE mortgage lending's most widely used pricing engine the Originations Market Monitor provides the industry's earliest and most comprehensive view of origination activity.

Key Points: 
  • Leveraging daily rate lock data from the Black Knight Optimal Blue PPE mortgage lending's most widely used pricing engine the Originations Market Monitor provides the industry's earliest and most comprehensive view of origination activity.
  • "Mortgage originators continue to feel the effects of interest rate and affordability challenges," said Scott Happ, president of Optimal Blue, a division of Black Knight.
  • Purchase lock counts, which exclude the impact of soaring home values on volume, are off 30% from last year.
  • Much more detail on August's origination activity can be found in the full Black Knight Originations Market Monitor report .

BeSmartee Announces Anchor Sponsorship of the Digital Mortgage 2022 Conference

Retrieved on: 
Thursday, September 8, 2022

HUNTINGTON BEACH, Calif., Sept. 8, 2022 /PRNewswire-PRWeb/ -- BeSmartee, award-winning fintech firm and founder of modern digital mortgage platforms, is pleased to announce its anchor event sponsorship of the Digital Mortgage Conference, taking place at the Westgate Las Vegas Resort & Casino from Tuesday, September 13 to Thursday, September 15.

Key Points: 
  • HUNTINGTON BEACH, Calif., Sept. 8, 2022 /PRNewswire-PRWeb/ -- BeSmartee, award-winning fintech firm and founder of modern digital mortgage platforms, is pleased to announce its anchor event sponsorship of the Digital Mortgage Conference, taking place at the Westgate Las Vegas Resort & Casino from Tuesday, September 13 to Thursday, September 15.
  • A production of National Mortgage News an award-winning comprehensive digital resource serving the entire residential mortgage industry the conference will combine think tanks, workshops, roundtables, keynote speakers and networking opportunities designed to spark authentic connection and collaboration in the mortgage community.
  • "We're thrilled to be this year's anchor sponsor for the Digital Mortgage Conference," said Veronica Nguyen, co-founder and executive vice president of BeSmartee.
  • To meet with BeSmartee at the Digital Mortgage Conference, visit https://www.besmartee.com/contact or email [email protected] .

The National Association of Mortgage Brokers Welcomes Black Knight as Technology Partner

Retrieved on: 
Wednesday, September 7, 2022

WASHINGTON, Sept. 7, 2022 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers (NAMB), the voice of the mortgage industry representing the interests of mortgage professionals and home buyers since 1973, is delighted to welcome Black Knight back for another year and updating their membership to a Technology Partner. This is the second consecutive year the organizations have committed to working together to better the mortgage marketplace.

Key Points: 
  • WASHINGTON, Sept. 7, 2022 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers ( NAMB ), the voice of the mortgage industry representing the interests of mortgage professionals and home buyers since 1973, is delighted to welcome Black Knight back for another year and updating their membership to a Technology Partner.
  • "Black Knight is driving new capabilities to help improve the mortgage process for brokers, loan originators and borrowers, and we are delighted to continue our long-standing relationship with this proven industry leader."
  • Black Knight (NYSE:BKI), the leading provider of integrated technology, data and analytics solutions to the mortgage and finance industries, offers capabilities that help facilitate and automate many of the business processes across the mortgage life cycle.
  • About NAMB: The National Association of Mortgage Brokers has been the voice of the mortgage industry representing the interests of mortgage professionals and homebuyers since 1973.

Optimal Blue, a Division of Black Knight, Adds ICE Mortgage Rate Lock Index Futures to CompassPoint, Leading Hedge Analytics and MSR Valuation Platform

Retrieved on: 
Wednesday, September 7, 2022

JACKSONVILLE, Fla., Sept. 7, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) announced today the addition of ICE Mortgage Rate Lock Index Futures within CompassPoint, the leading risk management and loan sale platform offered by Optimal Blue, a division of Black Knight. This expanded suite of futures will help lenders better manage their interest rate risk by offering new techniques for hedging conforming and jumbo mortgage loans and mortgage servicing rights. These additional tools also underscore Optimal Blue's commitment to deliver leading secondary markets functionality.

Key Points: 
  • This expanded suite of futures will help lenders better manage their interest rate risk by offering new techniques for hedging conforming and jumbo mortgage loans and mortgage servicing rights.
  • These additional tools also underscore Optimal Blue's commitment to deliver leading secondary markets functionality.
  • The ICE Mortgage Rate Lock Index Futures can be added to CompassPoint, which is used by industry professionals to hedge more than $100 billion of closed loan volume monthly.
  • The addition of the ICE Mortgage Rate Lock Index Futures expands Optimal Blue's leading hedge advisory solutions and serves to provide improved expertise and service to clients.

Black Knight: Against Sharpest Monthly Home Price Drop in 11 Years, Tappable Equity Backs Off Q2 Peak; Six of 10 Most Equity-Rich Markets Decline Through July

Retrieved on: 
Wednesday, September 7, 2022

As Black Knight Data & Analytics President Ben Graboske explains, July's month-over-month decline represents the first such contraction in nearly three years.

Key Points: 
  • As Black Knight Data & Analytics President Ben Graboske explains, July's month-over-month decline represents the first such contraction in nearly three years.
  • "After 31 consecutive months of growth, home prices pulled back by 0.77% in July," said Graboske.
  • Case in point this cooling has been indicated in our home price data for several months now, and at an increasing pace.
  • Tappable equity is now down 5% in the last two months, setting up Q3 to likely see the first quarterly decline in tappable equity since 2019.

AMOCO Federal Credit Union Selects the Black Knight Empower LOS, MSP Servicing System and Suite of Integrated Solutions

Retrieved on: 
Tuesday, August 30, 2022

JACKSONVILLE, Fla., Aug. 30, 2022 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced that AMOCO Federal Credit Union, a growing credit union based out of eastern Texas with members across the country, has signed a contract to implement the Empower loan origination system (LOS) and its suite of integrated solutions, as well as the MSP mortgage servicing system from Black Knight. By selecting Black Knight's ecosystem, AMOCO will be able to elevate the member experience and be ready to maximize future origination opportunities when market volumes rise again.

Key Points: 
  • AMOCO Federal Credit Union chose Black Knight's integrated LOS, origination solutions and MSP loan servicing software to help prepare for the future growth of originations and to improve the member experience
    The comprehensive MSP loan servicing system encompasses all aspects of servicing, from loan boarding to default
    JACKSONVILLE, Fla., Aug. 30, 2022 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced that AMOCO Federal Credit Union , a growing credit union based out of eastern Texas with members across the country, has signed a contract to implement the Empower loan origination system (LOS) and its suite of integrated solutions, as well as the MSP mortgage servicing system from Black Knight.
  • Once we began searching, we found that Empower and MSP were unmatched in the tools and services they provided, and we were impressed with the Black Knight team's attention to detail and industry experience," said Eddie Bonilla, executive vice president of lending, AMOCO Federal Credit Union.
  • With Empower, AMOCO will have a high-performance LOS that can help the credit union scale its business both in the current lending market and again when origination volumes increase.
  • The MSP loan servicing system supports first mortgages, as well as home equity loans and lines of credit, on a single platform.

Union Home Mortgage Selects MSP, Black Knight's Industry-Leading Servicing System and Integrated Consumer-Centric Solutions

Retrieved on: 
Thursday, August 25, 2022

JACKSONVILLE, Fla., Aug. 25, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) announced that Union Home Mortgage, a high-growth independent mortgage banking company with over 150 branches across the U.S., has selected the Black Knight MSP loan servicing system to support its servicing operations. After a thorough assessment of multiple servicing technologies in the mortgage industry, Union Home Mortgage chose Black Knight's innovative solutions as the optimal choice to help the company enhance the customer experience, boost operational efficiencies and help manage regulatory requirements.

Key Points: 
  • After a thorough assessment of multiple servicing technologies in the mortgage industry, Union Home Mortgage chose Black Knight's innovative solutions as the optimal choice to help the company enhance the customer experience, boost operational efficiencies and help manage regulatory requirements.
  • MSP is used to service more loans than any other servicing system in the industry.
  • "Through its continued investments in MSP and digital innovations, Black Knight has demonstrated their dedication to advancing mortgage servicing for the benefit of lender clients and their mortgage customers."
  • In addition to MSP, Union Home Mortgage will implement the Servicing Digital solution, which gives customers self-service access to customized, timely information about their mortgages and homes.