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
Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023. 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
November’s numbers show pending sales didn’t move compared to October, but lower rates did apparently lead to more lockbox openings — hinting that better days lie ahead. Continue reading
Mortgage-rate locks on second homes were down 47 percent from their pre-pandemic levels in Aug. 2023 as market factors have made owning a second home more costly and complicated in the last year, Redfin reported. 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
The company’s $17.6 million in fourth-quarter net earnings represented a 71 percent decline from a year ago. Black Knight books $452.5 million in 2022 profits, up 118 percent from 2021 with revenue climbing 5 percent to $1.55 billion. Continue reading