Black knight

Black Knight Originations Market Monitor: Mortgage Production Continues to Decline With Purchase Demand Now Falling Below Pre-Pandemic Levels

Retrieved on: 
Monday, August 8, 2022
BKI, Housing, NYSE, FHA, Black knight, Real estate, Mobile phone, Television

The month's pipeline data showed overall rate locks down 14.4% month over month, led by a 16.9% decline in rate/term refinance locks, which are now down 93.6% since last year. Cash-out refinance activity fell another 14.1% from June -- a 67.2% year-over-year decline. The refi share of the market held at just 18%, the lowest point on record since at least January 2018, when Optimal Blue began tracking the metric. Government loan products gained market share as FHA lock activity increased at the expense of non-conforming loan volumes, a trend also likely reflected in another decline in the average loan amount -- from $351,000 to $344,000. The overall average credit score in July was 722, with scores on cash-out refinances edging modestly lower to 692 -- the lowest since Optimal Blue began tracking the metric in 2013. 

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 experience strong headwinds," said Scott Happ, president of Optimal Blue, a division of Black Knight.
  • The purchase lock count, which excludes the impact of soaring home values on volume, is off 25.8% from last year.
  • Much more detail on July's origination activity can be found in the full Black Knight Originations Market Monitor report .

Black Knight Satellite Album Reaches #59 on the Amazon's Best Selling Music Chart

Retrieved on: 
Thursday, August 4, 2022
Record, Amazon, DRT, Signal, Black Knight satellite conspiracy theory, GLOBE, Black knight, Social media, Music, Eminem

WESTON, Fla., Aug. 04, 2022 (GLOBE NEWSWIRE) -- The Black Knight Satellite Album was released alongside the documentary "The Black Knight Satellite, Beyond the Signal" written and directed by Melissa Tittl and executive produced by President/CEO of 4biddenknowledge Inc. Billy Carson.

Key Points: 
  • WESTON, Fla., Aug. 04, 2022 (GLOBE NEWSWIRE) -- The Black Knight Satellite Album was released alongside the documentary "The Black Knight Satellite, Beyond the Signal" written and directed by Melissa Tittl and executive produced by President/CEO of 4biddenknowledge Inc. Billy Carson.
  • This album quickly gained popularity for its knowledge-based songs and extraordinary features on the tracks.
  • The Black Knight Satellite album has been out now for two months and has made the Amazon best-selling music chart, competing with albums by Snoop Dogg, Kevin Gates, and Eminem.
  • Investors looking to be part of this rapidly expanding business can find more information about this investment opportunity by following the link below.

Lake City Bank Selects Black Knight Empower LOS and Originations Solutions Suite to Automate Workflow and Improve Loan Officer, Borrower Experience

Retrieved on: 
Thursday, August 4, 2022
Intelligence, Risk, NYSE, Senior, Technology, Growth, Sale, BKI, Classification, Automation, Workflow, Solution, API, Efficiency, City, Black knight, Bank, Financial services, Empower

Empower is an industry-leading LOS that delivers advanced functionality and automation to increase efficiency, drive down operational costs, and improve the homebuying experience for customers.

Key Points: 
  • Empower is an industry-leading LOS that delivers advanced functionality and automation to increase efficiency, drive down operational costs, and improve the homebuying experience for customers.
  • "We look forward to providing enhanced technology to support Lake City Bank's highly personalized, customer-driven community banking," said Rich Gagliano, president, Black Knight Origination Technologies.
  • Lake City Bank, a $6.3 billion bank headquartered in Warsaw, Indiana, is the seventh largest bank headquartered in the state, and the largest bank 100% invested in Indiana.
  • Lake City Bank operates 52 branch offices in northern and central Indiana, delivering technology-driven solutions in a client-centric way to individuals and businesses.

Black Knight: June Sees Record-Setting Slowdown in Home Price Growth, Largest Monthly Inventory Gain in 12 Years; Prices Back Off Highs in Some Major Markets

Retrieved on: 
Monday, August 1, 2022
Sale, Data Analytics Acceleration Library, Data, Black knight, NYSE, Metro, Local, Black Knight (company), Housing, Acceleration, Population, BKI, Tourism, Real estate

According to Black Knight Data & Analytics President Ben Graboske, June's slowdown from 19.3% to 17.3% annual home price growth coincided with the largest single-month gain in homes listed for sale in 12 years.

Key Points: 
  • According to Black Knight Data & Analytics President Ben Graboske, June's slowdown from 19.3% to 17.3% annual home price growth coincided with the largest single-month gain in homes listed for sale in 12 years.
  • "According to the Black Knight HPI, the annual rate of appreciation dropped nearly two full points in June.
  • The slowdown was broad-based among the top 50 markets at the metro level, with some areas experiencing even more pronounced cooling.
  • In total, prices have pulled back from recent peaks in 12 of the 50 largest markets, with seven pulling back by 1% or more.

Black Knight to Report Second Quarter 2022 Financial Results on August 4, 2022

Retrieved on: 
Monday, July 25, 2022
Black knight, NYSE, Intercontinental Exchange, Black Knight (company), Eastern Time Zone, Solution, Software, Investor relations, BKI, Financial services

JACKSONVILLE, Fla., July 25, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals, today announced it will report its second quarter 2022 financial results on Thursday, August 4, 2022, at approximately 7:30 a.m. Eastern Time via press release.

Key Points: 
  • JACKSONVILLE, Fla., July 25, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals, today announced it will report its second quarter 2022 financial results on Thursday, August 4, 2022, at approximately 7:30 a.m. Eastern Time via press release.
  • This release will be available on Black Knight's Investor Relations website at https://investor.blackknightinc.com .
  • Due to the proposed transaction with Intercontinental Exchange, Inc., Black Knight will not host a conference call or provide forward-looking guidance in connection with the release of its quarterly results.
  • For more information on Black Knight, please visit www.blackknightinc.com .

Black Knight's First Look: Mortgage Delinquencies and Foreclosure Starts Edge Higher in June but Remain Well Below Pre-Pandemic Levels

Retrieved on: 
Monday, July 25, 2022
Sale, NYSE, Black knight, BKI, Animal, Real estate, Commercial property

Foreclosure starts were also up 27% in June still 40% below pre-pandemic levels marking a 441% year-over-year increase; a significant rise from pandemic-driven lows

Key Points: 
  • Foreclosure starts were also up 27% in June still 40% below pre-pandemic levels marking a 441% year-over-year increase; a significant rise from pandemic-driven lows
    Starts also represented the highest share (4%) of serious delinquencies since March 2020, but less than half the rate in the years leading up to the pandemic
    JACKSONVILLE, Fla., July 25, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at June 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): 2.84%
    Number of properties that are 30 or more days past due, but not in foreclosure: 1,511,000
    Number of properties that are 90 or more days past due, but not in foreclosure: 599,000
    Number of properties in foreclosure pre-sale inventory: 190,000
    Number of properties that are 30 or more days past due or in foreclosure: 1,700,000

OnPath Federal Credit Union Signs Contract for Empower, Black Knight's LOS and Suite of Integrated Origination Solutions

Retrieved on: 
Tuesday, July 19, 2022
BKI, 2019 UEFA European Under-21 Championship squads, Automation, Solution, ESign (India), NYSE, Empower, Classification, FCU, Sale, Avondale Shipyard, Compliance, Intelligence, Financial services, Bank, Black knight

OnPath will continue using the mortgage industry's leading product and pricing engine from Optimal Blue, a division of Black Knight.

Key Points: 
  • OnPath will continue using the mortgage industry's leading product and pricing engine from Optimal Blue, a division of Black Knight.
  • OnPath Federal Credit Union was chartered in 1961 by employees of Avondale Shipyard, Inc. as ASI Federal Credit Union.
  • Today OnPath FCU holds more than $500M in assets, has more than 60,000 members, and has 10 branch locations in four parishes.
  • To learn more about OnPath Federal Credit Union visit BeOnPath.org .

Black Knight Chief Information Technology Officer James Iredale Participates in Keynote at AWS Summit Atlanta

Retrieved on: 
Thursday, July 14, 2022
Technology, Black Knight (company), Machine learning, Solution, Black knight, Company, Scale, Amazon Web Services, AWS, Iredale, Automation, BKI, Mark (given name), NYSE, Industry, Summit, Sales, Financial services

-- Black Knight onboards cloud-based innovations to avoid client disruption while consistently delivering massive computational power, storage and throughput; machine learning; and analytical insights at scale using AWS

Key Points: 
  • In his remarks, Iredale highlighted how the company leveraged AWS offerings for the last four years to drive technological innovation in the real estate and mortgage industries.
  • Thousands of technologists across multiple industries gathered in Atlanta at the Summit to discuss how AWS helps companies like Black Knight innovate quickly and deliver flexible, reliable solutions at scale.
  • During the keynote, Iredale outlined how Black Knight employs AWS capabilities to create solutions across the mortgage life cycle.
  • For more information on Black Knight, please visit www.blackknightinc.com / .

Black Knight Originations Market Monitor: Mortgage Production Down for Third Straight Month in June, With Declines in Rate Locks Across All Loan Purposes

Retrieved on: 
Monday, July 11, 2022
Environment, VA, BKI, NYSE, FHA, Treasury, Heart, Total, Time, Black knight, Real estate

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.
  • "This continues to be a challenging environment for mortgage originators," said Scott Happ, president of Optimal Blue, a division of Black Knight.
  • "Rate lock activity was down for the third consecutive month in June, with declines seen across all loan purpose types.
  • Much more detail on June's origination activity can be found in the full Black Knight Originations Market Monitor report .

Black Knight Launches New Fee Cures Suite Within the Actionable Intelligence Platform

Retrieved on: 
Monday, July 11, 2022
Intelligence, Solution, Industry, BKI, NYSE, Seamless, Efficiency, AIP, Public relations, Bank, Black knight, Empower

JACKSONVILLE, Fla., July 11, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI), a leading provider of integrated software, data and analytics solutions, announced today it has combined the powerful analytics of its Actionable Intelligence Platform (AIP) with Ernst Fee Service data and the Empower LOS loan information to create the industry's first fee cure assessment tool integrated directly within the LOS workflow to help minimize mandatory 0% and 10% tolerance fee cures.

Key Points: 
  • "As lenders struggle to maintain profit margins, fee cures are a preventable expense that can be addressed with better, more timely data," said Rich Gagliano, president of Black Knight Origination Technologies.
  • Our new Fee Cures Suite allows lenders to identify trends, as well as drill down to loan-level data to reduce fee cures."
  • The AIP is a unified framework for analyzing data from multiple data sets to deliver strategic and actionable intelligence across the loan life cycle.
  • "The integration of actionable intelligence and fee data in Empower is exactly the kind of innovation Black Knight has become known for," Gagliano continued.