Black knight

Ungerboeck Selects Seasoned Software Exec Alex Alexandrov as CEO

Retrieved on: 
Monday, November 14, 2022
Investment, Austin, Texas, Thomas, Lead, IPO, System One, Economics, Fintech Valley Vizag, Software as a service, Moses Austin, Thomas H. Lee Partners, Harvard Business School, EBITDA, MBA, CompuCom Systems, University, Black knight, Fidelity National Financial, FIS, SoftwareONE, Nielsen, Management, Gottfried Ungerboeck

ST. LOUIS, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Ungerboeck, the global leader in venue and event management software,today announced the appointment of Alex Alexandrov as its new chief executive officer.

Key Points: 
  • ST. LOUIS, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Ungerboeck, the global leader in venue and event management software,today announced the appointment of Alex Alexandrov as its new chief executive officer.
  • Alexandrov joins Ungerboeck from SoftwareONE where he served as a member of the executive board, chief operating officer and president of the Latin American region.
  • During his tenure at SoftwareONE, Alexandrov and the executive team grew revenue by more than 300% and quadrupled EBITDA.
  • The venue and events industry has experienced an important inflection point in the last few years, and Ungerboeck is perfectly positioned to capitalize on the market opportunities that have emerged as a result, said Alex Alexandrov, CEO, Ungerboeck.

Percy Expands Executive Team

Retrieved on: 
Thursday, November 17, 2022
Banking, Software, Professional Services, Fintech, Technology, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Artificial Intelligence, Data Analytics, Marketing, Communications, Finance, Workforce, Head, Ohara Corporation, Zillow, Operation, Partnership, Multimedia, Financial technology, Intelligence, Software as a service, Record, Science and technology in Asia, Growth, Realtor.com, Black knight, Real estate, Management

View the full release here: https://www.businesswire.com/news/home/20221117005321/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221117005321/en/
    Data intelligence and marketing firm Percy welcomes Matt Woolley, Chief Revenue Officer, and Michael Graham, Chief Operating Officer & Chief Financial Officer, as part of strategic growth plan.
  • Each of these additions brings specialized leadership to help Percy continue its massive growth trajectory, said Percy Founder and CEO Charles Williams.
  • They all have demonstrated track records in their areas of expertise, and Im thrilled to welcome them to our team and work with them to blaze Percys path forward.
  • With a growing client base and workforce, Percy has reached a point where its able to bring on a seasoned executive like Michael, who has experience scaling companies and can oversee our expansion from 150 enterprise accounts to 1,500 and beyond, Williams said.

Black Knight's First Look: Prepayment Activity Hit Record Low in October as Rates Topped 7%; Mortgage Delinquencies Up 4.5% in First Signs of Hurricane Ian Impact

Retrieved on: 
Tuesday, November 22, 2022
NYSE, BKI, Black knight, Foreclosure, Sale, Real estate, Commercial property

- Florida led the jump in new early delinquencies (+19K) – with the state delinquency rate rising 53 basis points to 3.42% -- giving an initial indication of Hurricane Ian impact

Key Points: 
  • - Loans 60 days past due ticked up 2.9% nationally, while those 90 or more days delinquent saw continued if modest improvement, inching down another 1.5% in October
    - October's 19.6K foreclosure starts represented a 7% increase that partly reversed September's decline, but are still 55% below pre-pandemic levels
    - Foreclosure starts were initiated on 4% of existing serious delinquencies in October, up slightly from September but still less than half the rate seen in the years leading up to the pandemic
    JACKSONVILLE, Fla., Nov. 22, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at October 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): 2.91%
    Number of properties that are 30 or more days past due, but not in foreclosure: 1,557,000
    Number of properties that are 90 or more days past due, but not in foreclosure: 551,000
    Number of properties in foreclosure pre-sale inventory: 186,000
    Number of properties that are 30 or more days past due or in foreclosure: 1,743,000

Colonial Selects Black Knight's Consumer-Focused Servicing Ecosystem to Deliver an Exceptional Experience Throughout the Servicing Journey

Retrieved on: 
Monday, November 21, 2022
MSP, Central Texas, Integrated Services Digital Network, BKI, Workflow, Digital, Black knight, Hardship, Logic, FHA, Senior, Jumbo, NYSE, Condominium, Customer service, Black Knight (company), Risk management, Bank, Online shopping, Colonial

Colonial chose Black Knight for its powerful, consumer-focused servicing solutions that are designed to enhance the customer experience, support retention strategies and deliver greater operational efficiencies.

Key Points: 
  • Colonial chose Black Knight for its powerful, consumer-focused servicing solutions that are designed to enhance the customer experience, support retention strategies and deliver greater operational efficiencies.
  • "By trusting our servicing portfolio to Black Knight's technology, we gain a new level of assurance at Colonial one only Black Knight can provide."
  • At the core of Black Knight's servicing ecosystem is MSP, a comprehensive,end-to-end loan servicing system that supports all aspects of servicing, from loan boarding to default.
  • Black Knight's customer-centric capabilities are focused on exceeding the needs of homeowners throughout the servicing journey.

Black Knight to Sell TitlePoint Line of Business to Fidelity National Financial

Retrieved on: 
Friday, November 18, 2022
Intercontinental Exchange, BKI, Fidelity National Financial, Acquisition, Black knight, FNF, ICE, Sale, Data, Insurance, NYSE, Investment, Private investigator

JACKSONVILLE, Fla., Nov. 18, 2022 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced that it has agreed to sell its TitlePoint line of business to Fidelity National Financial, Inc. (NYSE: FNF) for $225 million in cash.

Key Points: 
  • JACKSONVILLE, Fla., Nov. 18, 2022 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced that it has agreed to sell its TitlePoint line of business to Fidelity National Financial, Inc. (NYSE: FNF) for $225 million in cash.
  • Since acquiring the business in 2014, Black Knight has continually enhanced and advanced the technological capabilities and coverage of TitlePoint.
  • In connection with the contribution of Property Insight, LLC, which included TitlePoint,by affiliates of Fidelity National Financial, Inc. ("FNF") to an affiliate of Black Knight, pursuant to an agreement entered into among affiliates of Black Knight and FNF in 2014, Black Knight had previously granted FNF a right to repurchase the entity that previously held the TitlePoint business in the event of a change in control of Black Knight.
  • In connection with the pending acquisition of Black Knight by Intercontinental Exchange, Inc. ("ICE"), FNF notified Black Knight of its desire to repurchase TitlePoint.

Fidelity National Financial to Acquire TitlePoint from Black Knight

Retrieved on: 
Friday, November 18, 2022
Automation, BKI, Black knight, Acquisition, FNF, F&G, Data, Insurance, NYSE, National championship, Commonwealth Land Title Insurance Company, Science, Fidelity National Financial

JACKSONVILLE, Fla., Nov. 18, 2022 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF"), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through FNF's wholly-owned subsidiary, F&G Annuities & Life, Inc. ("F&G"), today announced it has agreed to acquire TitlePoint from Black Knight, Inc. (NYSE: BKI) ("Black Knight") for $225 million in cash.

Key Points: 
  • JACKSONVILLE, Fla., Nov. 18, 2022 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF"), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through FNF's wholly-owned subsidiary, F&G Annuities & Life, Inc. ("F&G"), today announced it has agreed to acquire TitlePoint from Black Knight, Inc. (NYSE: BKI) ("Black Knight") for $225 million in cash.
  • "The acquisition of TitlePoint is just one more way FNF is investing in, expanding, and integrating property data, images, and search technology into FNF's existing assets," said Mike Nolan, CEO, Fidelity National Financial.
  • Fidelity National Financial, Inc. (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries.
  • FNF is the nation's largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States.

All In Credit Union Selects Empower, Black Knight's Loan Origination System, to Drive New Efficiencies, Retain Employees in Low-Volume Market

Retrieved on: 
Tuesday, November 15, 2022
Automation, BKI, Growth, All, China–Vietnam conflict, Technology, Classification, Black knight, Fort Rucker, Solution, United States Army Aviation Center of Excellence, Senior, Vietnam War, Sale, Intelligence, NYSE, All In, Credit union, NCUA, Empower, Black Knight (company), Bank

The credit union selected the Empower LOS because of its powerful automation and notification capabilities, and for Black Knight's wide-ranging suite of digital origination solutions that integrate seamlessly with the LOS.

Key Points: 
  • The credit union selected the Empower LOS because of its powerful automation and notification capabilities, and for Black Knight's wide-ranging suite of digital origination solutions that integrate seamlessly with the LOS.
  • All In Credit Union serves more than 147,000 members across Alabama and Florida and is committed to maintaining stellar service for its member-owners.
  • "We chose Empower because now more than ever we need an LOS that brings its 'A' game to every single loan.
  • All In Credit Union first started at the height of the Vietnam Conflict in 1966 as Army Aviation Center Federal Credit Union.

Black Knight Originations Market Monitor: Credit Scores Fall, Increased Demand for ARMs, Affordability Challenges Continue as Interest Rates Top 7% in October

Retrieved on: 
Monday, November 14, 2022
Environment, Time, BKI, Interest, Credit, NYSE, Black knight, Wild Arms, Pressure, Black Knight (company), Bank, Airline, Television

"With interest rates now at their highest level in 20 years, the refi market is rapidly approaching a bottom," said Scott Happ, president of Optimal Blue, a division of Black Knight.

Key Points: 
  • "With interest rates now at their highest level in 20 years, the refi market is rapidly approaching a bottom," said Scott Happ, president of Optimal Blue, a division of Black Knight.
  • The month's pipeline data showed overall rate lock dollar volume down 14.3% month over month and at the lowest level since February 2019.
  • With tappable equity near all-time highs earlier in the year, cash-outs had shown some early resilience even as rates began to rise.
  • Much more detail on October's origination activity can be found in the full Black Knight Originations Market Monitor report .

Local Logic Announces Reseller Agreement with Black Knight to Provide Enhanced Data to the Multiple Listing Service Community

Retrieved on: 
Thursday, November 10, 2022
Paragon, City, Black knight, Multimedia, View, Solution, Black Knight (company), Housing, Dream, Logic, Transport, CEO, Local Content Law (Ghana) 2013, MLS, SDK, Map, Private investigator, Retail, Public relations

Through this reseller agreement, Local Logic's product set will offer critical data to Black Knight's multiple listing service (MLS) community, enabling members to better understand their local areas and provide enhanced expertise to their customers.

Key Points: 
  • Through this reseller agreement, Local Logic's product set will offer critical data to Black Knight's multiple listing service (MLS) community, enabling members to better understand their local areas and provide enhanced expertise to their customers.
  • Black Knight is integrating Local Logic's Local Content and Local Profiles into the dashboards available in the Black Knight Paragon Collaboration Center.
  • "Black Knight and Local Logic serve similar communities, and we saw a great opportunity to be able to provide crucial data to their membership," said Vincent-Charles Hodder, CEO and co-founder of Local Logic.
  • Local Logic data is available for use on the Black Knight Paragon Collaboration Center portal today.

BluPeak Credit Union Selects Empower LOS to Support Growth in Tight Originations Market and Help Elevate Member Experience

Retrieved on: 
Wednesday, November 9, 2022
Organization, State Employees Credit Union, Real estate, Black knight, Industry, Compliance, NYSE, Capital market, ESign (India), LOS, Intelligence, Black Knight (company), Student, University, Health, Classification, BKI, ATM, Solution, Sale, Automation, Technology, Bank, Empower

"By leveraging the Empower system's robust automation and digital ecosystem, we're confident we can keep our margins strong even in a tight originations market.

Key Points: 
  • "By leveraging the Empower system's robust automation and digital ecosystem, we're confident we can keep our margins strong even in a tight originations market.
  • Once loan volumes return to higher levels, Empower will help us scale our operations without adding to staff.
  • Our credit union may not be the biggest, but by tapping into Black Knight's advanced originations solutions, we can still deliver an experience that rivals the large players in the industry."
  • With Empower, BluPeak will have an industry-leading LOS that will help the credit union better serve its members, streamlining workflows for employees and driving down operational costs.