Items Tagged with 'Black Knight'

ARTICLES

  • Housing market slowdown could be good news for homebuyers

    Expert says housing is now the most affordable it's been since early 2018
    That's it everyone, home price appreciation has officially slowed its growth for the tenth consecutive month, according to a recent report from Black Knight. But hey don't fret, Black Knight's data also indicates the slowdown could give way to an increase in home sales from many prospective homebuyers.
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  • Is the refinance market bouncing back? Number of refi candidates jumps 75%

    Refinance demand dried up in the last year, but could a comeback be afoot?
    Refinance demand has essentially dried up in the last year, but could things finally be turning around? Maybe, according to the latest data from Black Knight, which revealed that there are now 3.27 million homeowners who could reduce their mortgage rate by at least 0.75% by refinancing their mortgage. That's the greatest number of potential refi candidates since January 2018.
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  • Average home lost $2,440 in value since this summer

    Property values deflate as home price growth declines
    In December, the average home declined 0.8% in value since August 2018, equating to a loss of $2,440, according to the latest report from Black Knight. The data provider estimated that home prices appreciated 4.6% in December, down from a high of 6.8% in February 2018, and predicted January numbers will follow a similar trajectory.
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  • Servicers embrace digital empowerment to boost customer retention

    Black Knight's Servicing Digital provides robust information about customer real estate assets
    Customer satisfaction and engagement are critical for servicers to build lasting relationships and retain clients. Servicer retention rates dropped to 10-year lows in 2Q 2017, with servicers losing business from nearly 80% of their borrowers. Improving mortgage retention rates increases the likelihood a consumer will continue working with their existing bank or mortgage provider on their next financial decision, such as a home equity loan or their next mortgage. Black Knight, a leading mortgage industry fintech, has developed a unique solution to aid servicers in building these relationships, increasing retention and achieving future business growth.
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  • Black Knight paying $375 million to help buy Dun & Bradstreet

    Joins CC Capital, Cannae Holdings, Thomas H. Lee Partners in buying D&B
    Black Knight CEO Anthony Jabbour is about to have a new job, but he’s not leaving the growing financial technology giant. Rather, he’s tacking a new job title onto his existing responsibilities – running Dun & Bradstreet. The move is part of recently announced buyout of Dun & Bradstreet, which will see the company purchased for $5.38 billion in cash and taken private by a group of investors, including CC Capital, Cannae Holdings, and Thomas H. Lee Partners.
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  • Black Knight boosts origination system by acquiring Ernst Publishing

    Ernst’s capabilities will be integrated into Black Knight’s LOS
    Black Knight’s loan origination system is about to get an upgrade, as the company announced Tuesday that it acquired Ernst Publishing, a provider of technology and closing cost data for the real estate and mortgage finance industries and previous honoree as a HousingWire Tech100 winner.
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  • Monday Morning Cup of Coffee: Number of borrowers with refi incentive plummets

    Are you prepared for midterm elections
    Amid rising interest rates, the latest data from Black Knight shows more than half of homeowners who entered the year with an incentive to refinance their mortgage have since lost it. And do you know what your candidate’s views are on issues surrounding housing, finance and other areas that are important for you? Here’s how to find out.
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  • CitiMortgage takes a beating in Q3

    Mortgage originations fall 29% and its mortgage division succumbs to scandal
    Citigroup released its earnings report this morning, and mortgage originations are down. Way down. The bank reported a 29% decrease in originations year over year and an 8% decrease in originations from the second quarter.
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