Black knight

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
Black knight, NYSE, TBA, MSR, Solution, Sale, BKI, Risk management, Intercontinental Exchange, Risk, ICE, PPE, Black Knight (company), Industry, Financial services, Real estate

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
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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
NYSE, Black knight, ESign (India), Solution, Sale, Maintenance, Empower, Credit, BKI, AMOCO, Classification, Compliance, Automation, Black Knight (company), Growth, Industry, MSP, Bank, Financial services

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
Union Home Mortgage, Loss mitigation, Fannie Mae, CEO, FHA, Technology, NYSE, Digital, Logic, Conduct, Freddie Mac, Solution, Benchmarking, USDA, Integrated Services Digital Network, BKI, Customer service, Workflow, Investment, Delinquent, UHM, Workplace, Knowledge, Risk, Black Knight (company), Industry, Review, MSP, Real estate, Risk management, Financial services, Public relations, Black knight

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.

Black Knight Extends Strategic Relationship with Flagstar Bank for MSP Loan Servicing System and Default Capabilities to Support Rapid Growth of Servicing and Subservicing Portfolios

Retrieved on: 
Wednesday, August 24, 2022
CEO, NYSE, Black knight, Solution, FBC, BKI, Flagstar Bank, FSB, Small business, Black Knight (company), Growth, Industry, MSP, Security (finance), Bank, Financial services, Mortgage loan

MSP is a comprehensive,end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default.

Key Points: 
  • MSP is a comprehensive,end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default.
  • "Throughout our decade-long relationship with Black Knight, the MSP loan servicing system has proven to be the right platform for the evolving demands of our servicing and subservicing operations," said Lee Smith, executive vice president and president of Mortgage, Flagstar Bank.
  • "The scalability and reliability of MSP continue to support our growing portfolios, and we appreciate Black Knight's commitment to investing in and continuously enhancing the platform."
  • "Black Knight considers it a privilege to continue serving Flagstar Bank, a long-time and respected client, during its period of rapid growth," said Joe Nackashi, CEO, Black Knight.

Black Knight's First Look: Foreclosure Starts Pull Back in July, Holding Well Below Pre-Pandemic Levels, While Early-Stage Delinquencies Edge Slightly Higher

Retrieved on: 
Wednesday, August 24, 2022
NYSE, Sale, BKI, Black knight, Real estate, Commercial property

JACKSONVILLE, Fla., Aug. 24, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at July 2022 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.         

Key Points: 
  • - Serious delinquencies loans 90 or more days past due, but not yet in active foreclosure pulled back in July after worsening for the first time in 22 months in June
    - The number of seriously delinquent loans curing to current has dropped steadily over recent months, from 104K in March to 58K in July, indicating that the easiest workouts have likely been completed
    - Though still up from record lows that came from widespread moratoriums and forbearance protections last year, the number of loans in active foreclosure declined slightly by 6K in July
    JACKSONVILLE, Fla., Aug. 24, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at July 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): 2.89%
    Number of properties that are 30 or more days past due, but not in foreclosure: 1,543,000
    Number of properties that are 90 or more days past due, but not in foreclosure: 594,000
    Number of properties in foreclosure pre-sale inventory: 184,000
    Number of properties that are 30 or more days past due or in foreclosure: 1,728,000

FirstClose Appoints Industry Veteran Craig Austin as Executive Vice President

Retrieved on: 
Wednesday, August 24, 2022
Technology, Golden Age, Solution, HELOC, Business development, Financial technology, Information technology, GLOBE, Pedigree, Black knight, Point Loma Nazarene University, Account manager, History, Knowledge, Automation, Industry, Communication, Fed, Real estate, Online shopping, Bank

AUSTIN, Texas, Aug. 24, 2022 (GLOBE NEWSWIRE) -- FirstClose, Inc., a leading Fintech provider of digital HELOC solutions for banks, credit unions, and lenders nationwide, announces the appointment of Craig Austin as Executive Vice President to lead both new customer and existing customer initiatives.

Key Points: 
  • AUSTIN, Texas, Aug. 24, 2022 (GLOBE NEWSWIRE) -- FirstClose, Inc., a leading Fintech provider of digital HELOC solutions for banks, credit unions, and lenders nationwide, announces the appointment of Craig Austin as Executive Vice President to lead both new customer and existing customer initiatives.
  • FirstClose continues to attract top talent from the industry as we bring to market a digital HELOC solution 22 years in the making.
  • Craig is an experienced executive with a demonstrated history of working in financial services in the information technology and services fields.
  • Founded in 2000 and headquartered in Austin, Texas, FirstClose provides technology solutions to HELOC and mortgage lenders nationwide.

Together Credit Union Selects Empower, Black Knight's Loan Origination System, to Drive Growth and Streamline the Lending Process for Loan Officers and Members

Retrieved on: 
Wednesday, August 10, 2022
NYSE, Ecosystem, National Credit Union Administration, Sale, BKI, Classification, Black knight, Black Knight (company), Credit union, NCUA, ESign (India), Solution, Empower, Adult, Bank

"As a growing mid-size lender, we needed a loan origination system that could scale with our needs as our business expands," said Doc Dougherty, chief lending officer, Together Credit Union.

Key Points: 
  • "As a growing mid-size lender, we needed a loan origination system that could scale with our needs as our business expands," said Doc Dougherty, chief lending officer, Together Credit Union.
  • Together Credit Union has also selected a suite of integrated web-based origination solutions that will help the credit union better support members' home financing needs.
  • Since 1939, Together Credit Union, formerly known as Anheuser-Busch Employees' Credit Union, American Eagle Credit Union, and Purina Credit Union, has striven to serve as a trusted financial partner for its members and communities.
  • As a member-owned, community-focused, not-for-profit financial institution, Together Credit Union is chartered by Missouri and federally insured by the National Credit Union Administration (NCUA).

Black Knight Adds New Functionality to the Optimal Blue PPE to Support Pricing Premiums Based on a Property's Census Tract Location

Retrieved on: 
Tuesday, August 9, 2022
PPE, BKI, Black Knight (company), Industry, NYSE, Efficiency, Community, Black knight, Community Reinvestment Act, Real estate, Renewable energy

The Optimal Blue PPE delivers broad-reaching functionality that helps lenders access hundreds of investors and thousands of products for any mortgage financing scenario.

Key Points: 
  • The Optimal Blue PPE delivers broad-reaching functionality that helps lenders access hundreds of investors and thousands of products for any mortgage financing scenario.
  • This new capability automates the process of collecting census tract data to deliver applicable pricing premiums at the time of rate quote.
  • This advancement builds on Black Knight's efforts to lead the industry in pricing innovation by delivering deeper capabilities and greater accuracy through the powerful Optimal Blue PPE engine.
  • With seamless access to pricing that accounts for location-based incentives, investors and lenders using the Optimal Blue PPE can support affordable housing in underserved markets in alignment with the Community Reinvestment Act .

Black Knight Earns a Top Score on the 2022 Disability Equality Index

Retrieved on: 
Monday, August 8, 2022
People, Association, American Association, Equal opportunity, AAPD, CEO, NYSE, EEOC, BKI, Black, American Association of People with Disabilities, Black knight, ELI, Black Knight (company), DEI, Equal Employment Opportunity Commission, Minister of Employment, Workforce Development and Disability Inclusion, Organization, Insurance, Public relations, Health insurance, Disability

Black Knight also formed a diversity alliance, comprised of the company's employees, which promotes diversity efforts through regular meetings, community outreach and events.

Key Points: 
  • Black Knight also formed a diversity alliance, comprised of the company's employees, which promotes diversity efforts through regular meetings, community outreach and events.
  • "Disability inclusion is a rapidly expanding aspect of corporate culture, and it's gratifying to partner with 415 companies on the 2022 Disability Equality Index," said Jill Houghton, president and CEO of Disability:IN.
  • The Disability Equality Index (DEI) is a comprehensive benchmarking tool that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and equality.
  • The DEI Advisory Committee, a diverse group of business leaders, policy experts, and disability advocates, developed the Disability Equality Index.