Articles Tagged with ''Black Knight''

Monday Morning Cup of Coffee: Start of year sees strongest home price growth since 2005

Happy Cinco de Mayo! Hispanic homeownership is booming
Home prices increased at the start of 2018 at its fastest rate since 2005. One metro, in fact, had an annual home price growth higher than the median home price in most U.S. metros. Also, did you celebrate Cinco de Mayo this weekend? Here’s a quick history lesson and the current state of Hispanics in housing and the U.S. economy.
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Black Knight: Delinquencies drop to 12-month low

But hurricane impact still lingers
National delinquencies fell in March to a 12-month low, including a decrease of 19,500 serious delinquencies in hurricane-devastated areas. However, this may not reflect that hurricane areas are getting better, in fact, it could mean they’re getting worse.
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Digital Risk's LoanFX integrates with Black Knight's LoanSphere

Integration with LOS will also help support compliance with evolving regulatory requirements
This week, Digital Risk announced the integration of its LoanFx platform with Black Knight's Empower loan origination software. The integration provides loan officers, their clients, and their realtors, with near real-time updates throughout the application process for increased transparency. the company said the larger goal is shortening the entire process – from application to approval and underwriting – to as little as 20 minutes.
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JPMorgan Chase picks Black Knight to power its home equity originations

Will use LoanSphere Empower to originate home equity loans
JPMorgan Chase may be using Roostify to power its digital mortgage application process on the front-end, but the megabank will be using Black Knight to power its home equity loan originations. Black Knight announced Wednesday that JPMorgan Chase will be using its LoanSphere Empower loan origination system as the backbone of the bank’s home equity originations business.
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Black Knight: Tappable equity hits all-time high

Now 10% above previous 2005 peak
Tappable equity surged to its highest dollar amount on record, far surpassing its previous 2005 peak. Black Knight explained as home prices continued their upward trajectory at the national level, the amount of tappable equity available to homeowners with mortgages continued to rise as well.
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From HW Magazine

How mortgage companies are capitalizing on their greatest asset: big data

APIs have changed the game
The evolution from a paper-based process to this era of big data is astounding. Consider that according to IBM, 90% of the world’s data has been created in the last two years. The Internet of Things — your thermostat, refrigerator, even your kid’s Barbie doll — is increasing that data exponentially. For mortgage companies, that data represents a treasure trove more valuable than the gold bars stacked in the vault at the New York Federal Reserve Bank, but only if they can figure out how to harness it for their specific business. Fortunately, scores of fintech companies are ready to help.
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Built Technologies integrates with Black Knight to revolutionize construction lending

Digital documents increase modernization and transparency
Built Technologies continues to seek to revolutionize the construction industry with its new integration with Black Knight’s LoanSphere platform for digital construction loans. Built explained that with its integration with Black Knight, any construction loan can be digitally managed throughout the loan life cycle – from origination through servicing.
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Black Knight names Anthony Jabbour CEO

Current CEO Tom Sanzone will become company’s vice chairman of the board
Black Knight, fresh off a fourth quarter that saw its year-over-year earnings increase by nearly $136 million, is about to have a new leader. In conjunction with announcing its fourth quarter earnings, Black Knight announced that it is naming Anthony Jabbour as the company’s new CEO.
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Black Knight nets $111M in profit on new tax code

"Another successful year for Black Knight"
Mortgage analytics and software provider Black Knight announced its results for both the fourth quarter of 2017 and for the full year. The company reports revenues for the fourth quarter of 2017 increased 2% to $267.5 million from $261.5 million in the prior year quarter.
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