Items Tagged with 'Black Knight Financial Services'

ARTICLES

Black Knight updates LOS to align with upcoming HMDA requirements

Launches LoanSphere Empower 7.0
Black Knight Financial Services announced updates to its flagship loan origination system, LoanSphere Empower, which includes updates to support the Consumer Financial Protection Bureau’s expanded data collection requirements under the Home Mortgage Disclosure Act. As it stands, most of the provisions of the HMDA final rule will take effect on Jan. 1, 2018.
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Black Knight adds Dave Hurt to Data & Analytics division

Will lead business development activities in the capital markets and government sectors
“Dave’s knowledge of secondary mortgage markets and his extensive and trusted relationships with key market players will help us to strengthen and expand Black Knight’s industry position,” said Kevin Coop, president of BKFS’ Data & Analytics division.
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[Charts] Black Knight: Home prices hit new peak in February

Report shows metros with most and least home-price changes
Black Knight released a new report showing home prices increased in February to a new peak. Some states increased to a peak, however others remain a full 20% before previous peaks. The report breaks down the top metros with home price increases and those with the greatest drops.
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From HW Magazine

Mortgage companies increase security after record hacks

Black Knight Financial Services is taking action to stay ahead of threats
Cybersecurity dominated the tech landscape in 2016 following a record number of data breaches. Regulators have continually warned companies in the mortgage industry to take the issue seriously. See what Black Knight Financial Services is doing to combat these threats and guard sensitive personal data.
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ServiceLink fined $65 million for LPS foreclosure deficiencies

Fine related to 2011's industry-wide foreclosure settlement
The ghost of Lender Processing Services came back to haunt ServiceLink and Black Knight Financial Services on Tuesday, as the Federal Reserve, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. announced that they are fining ServiceLink $65 million for the “improper actions” of LPS that contributed to a massive settlement with the government over industry-wide foreclosure misconduct that occurred after the housing crash.
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Refinance well drying up? Rising interest rates shrink pool of eligible borrowers, again

New Black Knight report shows impact of another week of higher rates
A recent report from Black Knight Financial Services showed that the pool of borrowers who had incentive to refinance shrank over the last several weeks as mortgage interest rates rose above 4%. Now, thanks to another increase in interest rates last week, the pool of borrowers with incentive to refinance is now even smaller.
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