Author: sgarden

• The seamless integration of two industry-leading, best-of-breed solutions – Black Knight’s Optimal Blue PPE and the Empower loan origination system (LOS) – helps originators achieve greater pricing accuracy and is another step forward in the evolution of the Black Knight mortgage technology ecosystem

• Lenders using both the Optimal Blue PPE and the Empower LOS now have the additional benefit of Pipeline Monitoring, a new feature that automates the alignment of key data between the two systems

• Pipeline Monitoring continuously monitors for loan scenario data changes that could affect pricing or eligibility and validates pricing and eligibility for each change, which promotes greater pricing accuracy and reduces manual touches

JACKSONVILLE, Fla. – Aug. 3, 2021 – Today, Black Knight, Inc. (NYSE:BKI) announced the integration of its industry-leading Optimal Blue product, pricing and eligibility engine (Optimal Blue PPE) and the powerful Black Knight Empower loan origination system (LOS). As part of integrating the PPE and LOS, Black Knight has added an innovative Pipeline Monitoring feature that synchronizes data between the two systems. Through this integration and new functionality, clients leveraging both systems can streamline pricing and achieve greater pricing accuracy, which results in increased efficiencies and a more seamless origination process.

“This integration of two premier solutions is a testament to Black Knight’s ongoing commitment to deliver greater transparency, accuracy and efficiency to the origination process,” said Scott Happ, president of Black Knight’s Secondary Marketing Technologies group. “In a time of increased competition for fewer borrowers, the complementary Pipeline Monitoring feature can help lenders compete more effectively and capitalize quickly on market opportunities.”

This integration builds on Black Knight’s efforts to lead the industry in pricing innovation by delivering greater accuracy to clients through its best-of-breed Optimal Blue PPE. Delivering seamless access to the most current pricing within the Empower LOS provides Black Knight clients even greater value by way of improved data integrity, decreased cycle times and lower costs per loan.

Additionally, Black Knight’s new Pipeline Monitoring feature can help lower risk and reduce manual touches for mutual system users throughout the origination process by automating the alignment of key data between the systems. Pipeline Monitoring continuously monitors for data changes, while validating pricing and eligibility for each change – steps that would otherwise be completed manually, increasing the potential for loan parameters to be inaccurate or incorrectly priced. In contrast, this fully “lights-out” process of synchronizing data between the two systems helps significantly reduce human touches and promotes greater confidence in pricing accuracy. Lenders are alerted immediately about how data changes impact the net price, providing the insight needed to appropriately update the rate lock.

“In today’s market, it’s more important than ever for lenders to choose holistic, end-to-end technology that delivers benefits greater than the sum of its parts,” continued Happ. “This integration and new functionality represent exactly that, and act as a competitive game-changer for Black Knight clients. The newly integrated Optimal Blue PPE experience within Empower not only means the end of manually syncing origination data and risking pricing inaccuracies, but more importantly, it will give clients more time and freedom to focus on growing their businesses.”

About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

• Black Knight has completed the integration of its industry-leading Optimal Blue PPE with Fannie Mae’s Servicing Marketplace® API

• Through this integration, Fannie Mae sellers that use the Optimal Blue PPE have access to scenario-specific, granular pricing for servicing-released loans

• This real-time, fully automated connection helps clients gain efficiencies and improve secondary marketing processes related to servicing-released premium (SRP) pricing

• Pricing is determined based on extensive adjustments, giving clients a higher degree of servicing-released pricing precision

JACKSONVILLE, Fla. – May 26, 2021 – Today, Black Knight, Inc. (NYSE:BKI) announced that it has completed the integration of its industry-leading product and pricing engine, the Optimal Blue PPE, with Fannie Mae’s Servicing Marketplace API to provide clients with scenario-specific, granular pricing for servicing-released transactions. By connecting the two in real-time, the Optimal Blue PPE further enhances efficiencies and secondary marketing processes by fully automating the servicing-released premium (SRP) pricing of Fannie Mae loans.

“This highly anticipated integration addresses the secondary market’s need for exceptionally precise, automated servicing-released pricing,” said Scott Happ, president, Black Knight Secondary Marketing Technologies. “Clients can improve their best execution with highly accurate pricing that is calculated based on extensive adjustments and their servicers of choice – either one or multiple.”

Available to all Fannie Mae sellers that leverage the Optimal Blue PPE, this integration enhances previous pricing capabilities by retrieving adjustments related to loan amount, state, loan-to-value ratios, etc. This new capability also includes expanded data points, such as par rate and par spread calculations, to return more specific SRP pricing. The fully automated functionality also helps clients gain efficiencies, with faster access to more detailed pricing.

About Black Knight

Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

Black Knight’s Capture is a comprehensive customer retention product that proactively monitors portfolios for loans that could benefit from a refinance based upon a borrower’s specific equity position and/or current first-lien rate

Integration with Black Knight’s leading product and pricing engine, Optimal Blue PPE, lets Capture generate even more accurate, borrower-specific pricing scenarios using the lender’s current pricing and the most up-to-date market and margin structure

As rising interest rates impact origination volumes, competition for consumers who are refinancing or purchasing homes will become increasingly fierce, making retention more critical than ever

As of the end of Q4 2020 – despite record-breaking origination volumes – 82% of refinancing borrowers were lost to other lenders, with small pricing differences often the deciding factor

By allowing lenders to provide personalized offerings based on the most current pricing available, Capture helps increase growth and retention in an increasingly competitive environment

JACKSONVILLE, Fla. – March 30, 2021 – Today, Black Knight, Inc. (NYSE:BKI) announced an update to its Capture lead analytics platform that helps lenders and servicers identify specific loans in their servicing portfolio or lead database that could benefit from refinancing based on equity positions and/or current first-lien rates. With Q4 2020 borrower retention rates hitting the lowest point in history despite record-breaking origination volumes, Black Knight has now integrated Capture with its leading product and pricing engine, Optimal Blue PPE, to help lenders increase growth and retention – and gain an edge in an increasingly competitive environment.

“Borrower retention remains a top concern for many lenders as market recapture rates continue to dwindle,” said Scott Happ, president, Black Knight Secondary Marketing Technologies. “Drawing upon Black Knight’s best-in-class Optimal Blue PPE, Capture tackles this challenge directly by enabling lenders to more effectively identify actionable leads, determine the right time for outreach, and calculate timely, personalized pricing.”

Capture helps increase recapture rates for lenders and servicers by automating lead generation and calculating near-real-time pricing scenarios via the Optimal Blue PPE. Scenario calculations include borrower-specific attributes and the lender’s current pricing – including the most up-to-date market and margin structure – to deliver highly accurate results.

When combined with Black Knight’s Servicing Digital solution, servicers can also present these same loan scenario calculations to existing customers. The refi can be accepted in Servicing Digital, and can be automatically directed to Borrower Digital, Black Knight’s comprehensive point-of-sale application. Black Knight offers digital origination solutions to help the loan officer support the borrower throughout the application process, identify any regulatory issues, and conduct an electronic close and remote online notarization. For clients using the Black Knight MSP servicing and Empower loan origination system, the necessary data is automatically pulled from and uploaded to these platforms.

According to the January 2021 Black Knight Mortgage Monitor report, just 18% of refinancing borrowers were retained in Q4 2020, despite an all-time high in such originations. Among higher-credit quality rate/term GSE refis, borrowers who refinanced with a different lender on average received more than an eighth of a percent lower rate than those who refinanced and remained with their current servicer. Providing accurate and dynamic pricing scenarios and engaging borrowers at the appropriate time is critical to business retention. Capture addresses this by continually monitoring a servicer’s portfolio and a loan officer’s lead database to determine the exact time a borrower should be contacted based on lender, rate environment and other market triggers.

“Despite record levels of lending activity, 2.3 million refinancing borrowers were lost to market competitors in Q4 2020 alone,” said Happ. “Seamless integration of the Optimal Blue PPE with Capture will help originators retain the business they worked so hard to earn, and when combined with our powerful servicing and origination solutions, will serve as yet another example of Black Knight delivering advanced capabilities that address market needs.”

About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

JACKSONVILLE, Fla. – March 16, 2021 – Black Knight, Inc. (NYSE:BKI) announced today that it has completed integration of its industry-leading Optimal Blue PPE engine with Freddie Mac’s Loan Selling Advisor® Application Programming Interfaces (APIs). By connecting the two in real-time, the Optimal Blue PPE further enhances efficiencies and secondary marketing processes by fully automating the pricing of Freddie Mac loans.

The highly anticipated integration, available to all Freddie Mac sellers that leverage the Optimal Blue PPE, enables users to leverage automated processes to access and price Freddie Mac loans with ease. The previous authentication process has been replaced with a streamlined setup that provides quick access to the robust functionality housed within the Freddie Mac platform. Additionally, the integration enables mutual clients to increase pricing accuracy, augment operational efficiencies, shorten processing times and scale more effectively.

“In a market that demands efficiency, accuracy and automation, we are proud to deliver this integration with Freddie Mac’s Loan Selling Advisor and enable mutual clients to price these loans as efficiently as possible,” said Scott Happ, president, Black Knight Secondary Marketing Technologies. “We remain aligned with Freddie Mac’s commitment to deliver compelling innovations and position our mutual clients on the forefront of technology.”

Freddie Mac’s Loan Selling Advisor is also integrated with Black Knight’s Resitrader and CompassPoint™ solutions. Through this variety of collaborative efforts and integrations, Black Knight provides an efficient, end-to-end user experience for loan officers and secondary marketing professionals that conduct business with Freddie Mac.

About Black Knight

Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

Intuitive and completely modernized interface builds upon established, best-of-breed foundation used by thousands of industry-leading mortgage brokers

The Loansifter PPE platform supports best execution searches across over 120 wholesale investors, giving brokers access to the most up-to-date rates in a matter of minutes

Users can create, manage and reprice saved scenarios with a single click and configure dynamic loan officer compensation plans—by individual investor, property state, or globally
Immediate, self-service model allows brokers to be up and running with enterprise product and pricing functionality quickly and at a low cost

JACKSONVILLE, Fla. – Jan. 19, 2021 – Black Knight, Inc. (NYSE:BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, recently deployed the next generation of its industry-leading Loansifter Product, Pricing and Eligibility engine (Loansifter PPE). Touting an intuitive and completely modernized user interface, the new platform builds on an already established best-of-breed foundation used daily by thousands of mortgage brokers nationwide. The new Loansifter PPE boasts a variety of timesaving enhancements and new functionalities that help eliminate manual processes and automate associated broker workflows within the pricing engine.

Designed specifically for mortgage brokers, Black Knight’s Loansifter PPE supports best execution searches across over 120 wholesale investors, allowing leading brokers to stay competitive and confidently execute profitable lending strategies. Equally important in today’s fast-paced and evolving landscape, brokers can subscribe to Loansifter PPE in a matter of minutes enabling access to the most up-to-date rates—all via an immediate, self-service subscription model.

Loansifter PPE users benefit from better access to expanded guideline (non-QM) products and a new Price Manager tool that enables them to customize and display investor incentives directly within their pricing results. Now, broker clients can automatically create and add these incentives, as well as establish unique parameters for any adjustment so ongoing maintenance is easy. Users can create, manage and reprice saved scenarios for any contact in a single click, and the configuration of dynamic loan officer compensation plans—by individual investor, property state, or globally—can be achieved in just seconds.

“Mortgage brokers rely on the Loansifter PPE because it enables them to leverage enterprise product and pricing functionality at a low cost,” said Scott Happ, president, Black Knight Secondary Marketing Technologies. “The new solution is packed with the unrivaled features and functionality that our broker clients have entrusted us to deliver for many years. We have invested deeply in our PPE technology and are committed to continuing to deliver best-in-class solutions.”

About Black Knight

Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

JACKSONVILLE, Fla. – Dec. 2, 2020 – Black Knight, Inc. (NYSE:BKI), recently announced that its industry-leading Optimal Blue Product, Pricing and Eligibility engine (Optimal Blue PPE) has been enhanced to fully support the pricing of Home Equity Lines of Credit (HELOCs) for the secondary mortgage market. This enhancement includes premier search capabilities for first- and second-lien HELOC products that eliminate manual workarounds and automate associated workflows within the pricing engine.

“We are proud to support our clients’ home equity operations and help them meet industry demands,” said Scott Happ, president, Black Knight Secondary Marketing Technologies. “As the originations market sees record volume, tightening profits and an increasingly competitive landscape, advanced automation and innovation continue to be impactful differentiators during this critical time—and both are at the core of the Optimal Blue PPE.”

The addition of automated HELOC capabilities allows mortgage lenders that leverage the Optimal Blue PPE to instantly provide their customers with the best home equity options available and confidently execute the most profitable lending strategies. Further, the new HELOC support functionality can also integrate directly with a lender’s loan origination system, meaning lenders can enjoy a more simplified and efficient pricing process.

Black Knight’s Optimal Blue PPE uses an extensive set of granular and highly sophisticated product filters to identify applicable loan programs and evaluate best-execution pricing among all eligible products. Mortgage lenders that leverage the Optimal Blue PPE gain access to data on demand and evade once antiquated processes to capture, manipulate or review investor content. These automated processes, paired with the unrivaled functional depth of the platform, support a superior level of data quality throughout the mortgage loan life cycle.

About Black Knight

Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

API webhooks are the next functional component of Black Knight’s already advanced Optimal Blue API platform

Webhooks publish event-based notifications directly to a subscriber, delivering real-time transactional data

The API webhooks automation platform will initially feature two components: documentation and a self-serve configuration dashboard

JACKSONVILLE, Fla. – Jan. 4, 2021 – Black Knight, Inc. (NYSE:BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, recently announced the launch of a new webhooks component for its Optimal Blue application programming interface (API) platform. This highly anticipated launch is another step forward in the company’s ongoing commitment to an API-first strategy that boosts lender efficiencies and workflow automation by providing real-time access to advanced secondary marketing capabilities throughout the mortgage loan process.

Accessible via the Optimal Blue API Developer Portal, API webhooks publish event-based notifications directly to a subscriber, providing a simple way to deliver real-time data about transactions that take place within Black Knight’s Optimal Blue platform. While APIs have historically included a request followed by a response, no request is required for a webhook. Rather, API webhooks will intuitively deliver the data when it becomes available—saving valuable time and effort. This level of automation is highly advantageous to lenders, providing real-time notifications on lock requests, concessions, extensions, profile and product changes, relocks and more.

“Our expanding universe of APIs is essential to our continuous innovation,” explained Scott Happ, president, Black Knight Secondary Marketing Technologies. “The new webhooks component of our Optimal Blue API platform is the next step, saving our clients valuable time and effort by eliminating the need to request data. Webhooks take automation one step further and deliver up-to-date, relevant details directly to the user.”

The initial launch features two components: documentation and a self-serve configuration dashboard. The documentation page provides details about all events available for subscription, with the corresponding business definition and the complete schema payload for each event. The self-serve dashboard can be configured based on a client’s personal preferences and can maintain specific notification URLs.

About Black Knight

Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.