In pursuit of a bigger slice of an estimated $14 billion market after Black Knight acquisition, Intercontinental Exchange signs 37 new Encompass clients and four new servicing clients. Continue reading
Integration of Jungo’s CRM solution with Homebot lets mortgage loan officers share real-time data and insights into market trends, interest rates and property values with prospective clients. Continue reading
In announcing the second Encompass deal this month, ICE cites investments in mortgage technology and data that automate and accelerate the lending process from start to finish. Continue reading
PennyMac is putting a positive spin on the arbitrator’s ruling, saying the decision allows it to continue to use the disputed loan servicing software “free and clear of any restrictions.” Continue reading
Intercontinental Exchange Inc. teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs. Continue reading
To satisfy antitrust regulators, ICE divests itself of Black Knight’s loan origination and mortgage pricing businesses, but gets access to mortgage loan servicers and MLSs in $11.9 billion merger. Continue reading
In addition to selling Empower and Optimal Blue, the FTC consent order would require ICE and Black Knight to seek prior approval before acquiring an interest in another loan origination system. Continue reading
To win approval from antitrust regulators for its merger with Intercontinental Exchange (ICE), Black Knight will sell two businesses to subsidiaries of Canadian-based software giant Constellation Software next month. Continue reading
“Significant progress” in Federal Trade Commission negotiations have been reported since Black Knight’s Empower loan origination system and Optimal Blue division were cut from the deal. Continue reading
Federal antitrust regulators are seeking a preliminary injunction to stop Intercontinental Exchange’s planned $11.7 billion acquisition of mortgage tech provider Black Knight from closing on April 28 — before an administrative hearing to determine its … Continue reading