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 developed Mandatory Analytics to enable buyers of mortgage loans on the secondary market to access an interactive, unified portal for strategic analysis and benchmarking

    Through dynamic and configurable charts, Mandatory Analytics displays ongoing and historical pricing comparisons on all potential and actual executions
    The datasets presented in the Mandatory Analytics platform are uniquely tailored to each individual investor, promoting individualized analysis
    Investors can measure the success of their executions in comparison to overall market performance, analyzing executions down to the loan level

JACKSONVILLE, Fla. – Dec. 16, 2020 – Black Knight, Inc. (NYSE:BKI) recently announced the availability of Mandatory Analytics, a dynamic and interactive data dashboard developed by Black Knight, allows investors to analyze and benchmark mandatory commitments on the secondary mortgage market. Black Knight Mandatory Analytics enables buyers to draw clarity on the competitiveness of their executions, identify and isolate gaps in their strategy, and take action to better optimize organizational efforts—all from within a single, unified portal.

“Today’s secondary mortgage market is one marked by intense volatility and fierce competition,” explained Scott Happ, president, Black Knight Secondary Marketing Technologies. “One of the best tools that mandatory investors have at their disposal is access to precise, accurate and timely data. Mandatory Analytics provides our investor clients with transparency, allowing them to identify where execution efforts are succeeding, where they are losing to the market, and why. Ultimately, Mandatory Analytics delivers the kind of actionable intelligence needed to make informed execution strategy shifts that result in greater returns.”

Investors can observe ongoing market trends at the monthly, weekly or daily level, and a nightly refresh of the data provides a timely look at scenarios. Rich loan-level reporting enables users to easily upload this data into their own infrastructure for additional, more granular and custom reporting.

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.

– Innovative Metric Delivers Increased Precision for Hedging Mortgage Pipeline Fallout Risk –

Optimal Blue, the leading provider of secondary marketing automation and services in the mortgage industry, recently announced the development of a new model for improved analysis and management of mortgage pipeline fallout risk. Optimal Blue’s continued investment in delivering comprehensive secondary marketing automation solutions has afforded their client base a new quantitative toolset to better hedge pipeline performance.

After back-testing the new model for more than a year, observable results across stratified and non-stratified pipeline metrics demonstrated significant improvements in the estimation of the actual pull-through percentage over the use of standard, conventional formulas. To fully realize the potential, Optimal Blue benchmarked the new metric against common mortgage origination practices to validate that originators can increase the accuracy of pull-through estimates and thereby reduce exposure to interest rate risk.

“When comparing the period before implementation of the new pull-through metrics to the timeframe after, we observed a 45% reduction in position exposure due to pull-through estimation error,” explained Mark Egolf, Vice President of Capital Markets for Capital Bank. “The drop in exposure had a direct correlation with lower volatility in the day-over-day unrealized mark-to-market. “

The new methodology is the result of meticulous testing and consistent validation by dedicated Optimal Blue quantitative scientists and data experts, using the application of queuing theory to the more antequated pull-through calculations that rely on basic funded/lock ratios and status stratification. To discover how the new hedging metric outperforms the strategy employed by standard convention, Optimal Blue has created a white paper resource, titled: A New Metric for Hedging Mortgage Pipeline Fallout Risk.

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PRESS CONTACT FOR OPTIMAL BLUE
Robert Brandt
VP, Marketing & Alliances
(469) 609-5585
bbrandt@optimalblue.com