Black Knight

Black Knight, Inc. engages in the provision of integrated software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics segments. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination, and settlement services. The Data and Analytics segment caters to the mortgage, real estate, and capital markets verticals. The firm also serves the credit union, secondary markets, government, home equity, servicing, and title settlement industries. The company was founded in 1962 and is headquartered in Jacksonville, FL.

Earnings data Q2 2024

Black Knight's Optimal Blue Mortgage Market Indices tracked the steep ascent of conforming 30-year rates, which finished the month at 5.42%, eclipsing recent peaks to hover at their highest point in nearly 13 years Rate-lock production reflected the current rate environment with overall volumes dropping 20% from March, led by yet another sharp drop (-50%) in rate/term refinance activity Cash-out refinance locks fell 40% from last month as homeowners likely look for other avenues (HELOCs, 2nd liens, etc.) to access tappable equity without sacrificing historically low first-lien mortgage rates The combined decline in refinance locks pushed the refi share of the market down to just 20% in April, the lowest point on record since at least January 2018, when Optimal Blue began tracking the metric While purchase locks fell 11% from March, they remained flat on a year-over-year basis, indicating consistent and resilient demand from homebuyers Government-backed lending picked up in April as FHA and VA locks captured market share from conforming products Credit scores were flat for purchases and ticked higher for rate/term refis; however, cash-out credit scores fell 8 points on average as higher-credit score borrowers move to the sidelines JACKSONVILLE, Fla.

Black Knight Originations Market Monitor: With Mortgage Interest Rates at Highest Point Since Great Recession, Rate Lock Activity Fell Across the Board in April

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Black Knight, Inc. (NYSE:BKI ) Q1 2022 Earnings Conference Call May 6, 2022 8:30 AM ET Company Participants Steven Eagerton - Senior Vice President of Investor Relations Anthony Jabbour - Chairman & Chief Executive Officer Kirk Larsen - Chief Financial Officer Conference Call Participants Operator Greetings and welcome to Black Knight's First Quarter 2022 Earnings Conference Call. At this time, all participants are in listen-only mode.

Black Knight, Inc. (BKI) CEO Anthony Jabbour on Q1 2022 Results - Earnings Call Transcript

Intercontinental Exchange

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Black Knight, Inc. (NYSE: BKI) to Intercontinental Exchange, Inc. (NYSE: ICE). Under the terms of the proposed transaction, shareholders of Black Knight will receive only $85 in a mix of cash (80%) and stock of Intercontinental (20%), subject to proration, for each share of Black Knight that they own. KSF is s

BLACK KNIGHT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Black Knight, Inc. - BKI

NEW YORK , May 5, 2022 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Black Knight, Inc. (NYSE: BKI) and its board of directors concerning the proposed acquisition of the company by Intercontinental Exchange, Inc. (NYSE: ICE). Stockholders will receive a mix of cash and Intercontinental Exchange common stock valued at $85.00 for each share of Black Knight stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Black Knight, Inc.

Black Knight (BKI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Black Knight (BKI) Ahead of Earnings?

MILWAUKEE , May 5, 2022 /PRNewswire/ -- Ademi LLP is investigating Black Knight (NYSE: BKI) for possible breaches of fiduciary duty and other violations of law in its transaction with Intercontinental Exchange.  Click here to learn how to join the action: https://www.ademilaw.com/case/black-knight-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Black Knight, Inc. has obtained a Fair Price in its transaction with Intercontinental Exchange

Black Knight (BKI) delivered earnings and revenue surprises of 5% and 1.81%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Black Knight (BKI) Beats Q1 Earnings and Revenue Estimates

JACKSONVILLE, Fla. , May 5, 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 unaudited financial results for the first quarter of 2022, as compared to the prior year quarter.

Black Knight Reports First Quarter 2022 Financial Results

Black Knight, a mortgage software provider, went up for sale earlier this year after receiving takeover interest from private-equity firms.

NYSE Owner to Scoop Up Black Knight for $13.1B

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Black Knight, Inc. (NYSE: BKI) to Intercontinental Exchange, Inc. is fair to Black Knight shareholders. Halper Sadeh encourages Black Knight shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Black Knight and its

BKI Stock Alert: Halper Sadeh LLP Is Investigating Whether the Sale of Black Knight, Inc. Is Fair to Shareholders

NYSE-parent Intercontinental Exchange said on Wednesday it would acquire Black Knight in a cash-and-stock deal that values the software and data analytics firm at $13.1 billion.

NYSE-owner ICE to buy Black Knight in $13.1 billion deal

ATLANTA, NEW YORK & JACKSONVILLE, Fla.--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced it has entered into a definitive agreement to acquire Black Knight, Inc. (NYSE: BKI), a software, data and analytics company that serves the housing finance continuum, including real estate data, mortgage lending and servicing, as well as the secondary markets. The cash and stock transaction values Black K

Intercontinental Exchange Enters into Definitive Agreement to Acquire Black Knight

Brokers Are Able to Digitally Quote Live Pricing at Consumers' Immediate Point of Need Optimal Blue, a division of Black Knight, has added Quick Quote to its Loansifter PPE, enabling brokers to make accurate pricing more accessible to consumers Quick Quote can be displayed on a corporate website to help brokers digitally deliver the instant, personalized experience today's homebuyers expect The Quick Quote capability's turnkey design enables brokers to begin using it quickly and easily; additionally, customization features allow brokers to add their own distinct brand elements and control what data is displayed Designed specifically for mortgage brokers, the Black Knight Loansifter PPE supports best execution searches across more than 120 wholesale investors, allowing leading brokers to stay competitive and confidently execute profitable lending strategies JACKSONVILLE, Fla. , May 4, 2022 /PRNewswire/ -- Optimal Blue, a division of Black Knight, Inc. (NYSE: BKI), announced the release of Quick Quote, a new capability available in the company's cloud-based Loansifter product, pricing and eligibility (PPE) engine for mortgage brokers.

Optimal Blue Enhances the Loansifter PPE With Quick Quote Capability, Making Real-Time Rates More Accessible to Consumers

-          According to the Black Knight HPI, home prices rose 2.3% in March alone, marking the fifth time in the pandemic era that homes increased by more than 2% in a single month -          Annual home price gains slowed very slightly in March, seeing 19.9% annual appreciation, down from an upwardly revised 20.1% in February -- the first-ever month to see greater than 20% price growth -          With 30-year mortgage rates at 5.11% as of April 21, the share of the median income required to make the principal and interest (P&I) payment on the average-priced home is now 32.5% -          That is within 1.6 percentage points of the all-time high 34.1% payment-to-income ratio seen in July 2006 -          A rise of just 50 more basis points in rates or a 5% rise in home prices would push affordability to its worst level on record, and they are already up 200 basis points and 5.9% respectively since the start of 2022 -          A full 95 of the 100 largest U.S. markets are now less affordable than their long-term (1995-2003) benchmarks, up from six markets at the start of the pandemic -          Thirty-seven markets -- representing nearly a third of the country -- are now the least affordable they've ever been -          Optimal Blue rate lock data has shown increases in adjustable-rate mortgages (ARMs) as they seek to navigate an ever-more challenging housing market JACKSONVILLE, Fla. , May 2, 2022 /PRNewswire/ -- Today, the Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based upon the company's industry-leading mortgage, real estate and public records datasets.

Black Knight: As Home Affordability Nears All-Time Low Amid Spiking Interest Rates and Still-Rising Prices, Borrower Behavior and Preferred Products Changing

Black Knight (BKI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Black Knight (BKI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

The national delinquency rate dropped by more than half a percentage point in March, falling to 2.84% and shattering the previous record low of 3.22% in January 2020 While March typically sees the strongest mortgage performance of any month – with delinquencies falling more than 10% on average over the past 20 years – this year's 15.5% reduction was exceptionally strong Robust employment, continued student loan deferrals, strong post-forbearance performance and millions of refinances into record-low interest rates have all helped put downward pressure on delinquency rates The strongest improvement was seen among borrowers who are a single payment past due, with 30-day delinquencies recording a 20% month-over-month decline Though serious delinquencies – those 90 or more days past due but not in foreclosure – fell 12% for the strongest single-month improvement in 20 years, they remain 70% above pre-pandemic levels Despite elevated serious delinquencies, foreclosure starts fell by 3% from the month prior and are holding well below pre-pandemic levels The number of active foreclosures edged slightly higher in March, marking the first year-over-year increase in almost 10 years, though inventories also remain well below pre-pandemic levels Prepayment activity bucked the recent trend of sharply rising interest rates driving falling prepay speeds, rising by 9% in March, likely driven at least in part by seasonal increases in home sales-related prepays JACKSONVILLE, Fla. , April 25, 2022 /PRNewswire/ -- Black Knight, Inc.  (NYSE:BKI) reports the following "first look" at March 2022 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

Black Knight: Mortgage Delinquencies Hit Record Low in March, Driven by Both Seasonal and Broader Economic Improvements; Prepays Up Despite Rate Increases

Black Knight (BKI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Black Knight (BKI) Keep the Earnings Surprise Streak Alive?

-          Lower has signed a contract to use the Black Knight MSP servicing system and complementary servicing solutions to help drive its growth, support regulatory compliance, and increase customer retention by providing the tools to deliver an exceptional customer experience   -          MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default -          In addition to MSP, Lower will implement Black Knight's full suite of servicing solutions, including Servicing Digital, Customer Service, Loss Mitigation and the Actionable Intelligence Platform JACKSONVILLE, Fla., April 21, 2022 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced that Lower has signed a contract to use the premier Black Knight MSP loan servicing system.

Lower Selects Industry-Leading Black Knight MSP Servicing System and Additional Integrated Solutions to Support Growing Business

Contributory Benchmarking Tool Helps Investors Gauge How Pricing and Eligibility Strategies Compare to Peers -  Investor Pricing Insight is a contributory benchmarking tool that allows correspondent and wholesale investors to assess the competitiveness of their pricing -  The solution is powered by content processed within the Optimal Blue PPE, the industry's most widely used product, pricing and eligibility engine -  Leveraging a contributory model, rather than survey data, Investor Pricing Insight utilizes real-time, actual pricing and makes it available to all participating investors on demand -  Investors can instantly determine how their pricing and eligibility strategies compare to peer organizations and adjust approaches accordingly to operate more competitively JACKSONVILLE, Fla. , April 20, 2022 /PRNewswire/ -- Optimal Blue, a division of Black Knight, Inc. (NYSE:BKI), announced the release of Investor Pricing Insight, a benchmarking tool that makes real-time pricing available to wholesale and correspondent mortgage investors on demand.

Optimal Blue Launches Investor Pricing Insight, Providing Correspondent and Wholesale Investors With Real-Time, On-Demand Benchmarking Price Comparisons

JACKSONVILLE, Fla. , April 14, 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 the date for the release of its first quarter 2022 earnings and its participation in upcoming investor conferences.

Black Knight Announces First Quarter 2022 Earnings Release and Conference Call; Presenting at Upcoming Investor Conferences

Cornerstone Home Lending has selected the industry-leading MSP loan servicing system to support its growth as it brings mortgage servicing in-house and focuses on maximizing automation and efficiency MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default Cornerstone has also selected additional Black Knight solutions, including Customer Service to help its in-house Customer Care team members assist customers quickly and efficiently, and Servicing Digital to offer customers self-service access to personalized, timely information about their mortgage and home Cornerstone also selected Black Knight's default and data and analytics suite of products to help streamline processes, manage nonperforming loans and reduce risk, such as Order Exchange to place and track third-party orders efficiently and the Rapid Analytics Platform (RAP) to gain critical insights to help continuously drive business growth, manage risk and maximize retention Finally, Cornerstone has implemented InterChange Services and Order Exchange to support seamless access and integration to Black Knight applications and third-party providers JACKSONVILLE, Fla. , April 14, 2022 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced that Cornerstone Home Lending, a national home lender with 200 offices across more than 20 states, has implemented the MSP loan servicing system and various additional solutions as Cornerstone brings mortgage loan servicing operations fully in-house.

Cornerstone Home Lending Selects the Black Knight MSP Servicing System and Additional Solutions to Bring Mortgage Servicing In-House

-- Black Knight's Optimal Blue Mortgage Market Indices tracked conforming 30-year rates daily throughout March as they topped 4.9% before pulling back and finishing the month at 4.79% -- The spread between mortgage rates and 10-year Treasuries climbed another 20 basis points as the rise in mortgage rates outpaced the ~50 basis point rise in Treasury yields -- Overall rate lock activity rose 19% from January, driven by a 31% increase in purchase volume, which is now up nearly 70% over the past three months -- Cash-out locks were mostly flat (+1.6%) while rate/term refinance volumes continued to contract, falling another 15.4% in March for an 81% year-over-year decline -- The continued decline in rate/term refinance locks pushed the refi share of the market down to just 28%, the lowest point since November 2018 -- With home price growth continuing to set records, non-conforming products captured additional market share in March and now account for 18% of lock activity -- Likewise, upward pressure on home prices pushed the average loan amount up another $8,000 to just under $362,000 JACKSONVILLE, Fla., April 11, 2022 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced the release of its latest Originations Market Monitor report, looking at mortgage origination data through March month-end.

Black Knight Originations Market Monitor: Driven by a Rise in Purchase Loans, Overall Rate Locks Up 19% in March Despite 70 Basis Point Rate Jump in the Month

₋  First Integrity Mortgage Services chose the cloud-based Empower loan origination system (LOS) for its advanced automation and seamless integration throughout the origination process ₋  Black Knight's full suite of origination solutions will be used to increase First Integrity's digital capabilities for fast, easy interaction and an enhanced borrower experience. ₋  First Integrity also selected Black Knight because its eSign and eDelivery capabilities are seamlessly integrated with Empower JACKSONVILLE, Fla.

First Integrity Mortgage Services Signs Agreement for Empower, Black Knight's LOS, and Integrated Solutions Suite for Increased Automation and Digital Capabilities

Black Knight's all-in-one technology offers a comprehensive digital ecosystem designed to support members' needs and retail channels - Stanford Federal Credit Union chose to implement Empower for its comprehensive, integrated capabilities to help serve its membership more efficiently - The credit union chose Black Knight for its superior automation and integrations - The cloud-based system will easily support Stanford Federal Credit Union's growing retail and home equity operations on one comprehensive platform - In addition to the Empower LOS, Stanford Federal Credit Union will implement Black Knight's full suite of origination solutions JACKSONVILLE, Fla. , April 6, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) announced today that Stanford Federal Credit Union (Stanford FCU), founded in 1959 by a group of Stanford University employees, has signed a contract to implement the Black Knight Empower loan origination system (LOS).

Stanford Federal Credit Union Selects Empower, Black Knight's Loan Origination System, and Integrated Solutions to Automate and Elevate the Member Experience

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