Appraisals and ValuationsReal Estate

Black Knight acquires Collateral Analytics

Mortgage software giant buys AVM provider

Black Knight, which is already one of the biggest technology companies in both mortgage and real estate, is about to get even bigger as the company announced Tuesday that it has acquired Collateral Analytics.

Collateral Analytics provides automated valuation models and other property valuation tools for appraisers, appraisal management companies, lenders, investors and government agencies.

According to information provided by Black Knight, Collateral Analytics holds proprietary assets including data representing approximately 600,000 neighborhoods across the nation; unique property-specific traits that influence valuation; household demographics on over 100 million individual households; and commercial market sales comps, rent prices and capitalization rates.

And now, the company and its data will be a part of Black Knight.

“The level of technological innovation, comprehensive data and insightful analytics that Black Knight and Collateral Analytics offer and are continuing to develop are providing greater and faster access to the information and tools our clients need to make more informed property investment decisions,” Black Knight CEO Anthony Jabbour said.

“Black Knight and Collateral Analytics are a natural fit, and now our clients will be able to leverage a comprehensive, combined product and data set from a single, proven, trusted source for improved accuracy and less risk,” Jabbour said.

This is Black Knight’s second notable acquisition of 2020. Last month, Black Knight bought Quicken Loans “Cyclops” mortgage servicing customer relationship management software.

Specifically, Black Knight purchased the source code for Quicken Loans “Cyclops” CRM software, which it plans to integrate into its own servicing software and expand its offerings.

Now, the company is buying Collateral Analytics’ AVMs, data models, technology and more, which it will integrate into its data and analytic offerings.

As for Collateral Analytics, the company will become a business line for Black Knight. Collateral Analytics CEO Michael Sklarz will continue to lead the business and will report to Ben Graboske, president of Black Knight Data & Analytics.

“Collateral Analytics is proud to join forces with Black Knight in providing exceptional technology, robust data and market-leading analytics for smarter decision-making,” Sklarz said. “Combining the capabilities of Collateral Analytics and Black Knight is a decisive win for all of our clients, employees and the real estate industry as a whole.”

Financial terms of the deal were not disclosed.

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