STOCK TITAN

Black Knight's Optimal Blue PPE Delivers Deep, System-to-System API Integration with Freddie Mac for Significant Value to Mutual Clients

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Black Knight, Inc. (NYSE:BKI) has successfully completed the integration of its Optimal Blue PPE engine with Freddie Mac's Loan Selling Advisor APIs. This integration provides real-time connectivity, enhancing secondary marketing processes by automating loan pricing. With a streamlined authentication process, users can efficiently access Freddie Mac loans, improve pricing accuracy, and streamline operations. The integration is part of Black Knight's commitment to innovation in the mortgage industry, aligning with Freddie Mac to offer better technology solutions to clients.

Positive
  • Integration enhances efficiency and automation in pricing Freddie Mac loans.
  • Streamlined access replaces previous authentication, improving user experience.
  • Clients can increase pricing accuracy and operational efficiencies.
Negative
  • None.

JACKSONVILLE, Fla., March 16, 2021 /PRNewswire/ -- 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.

For more information:    


Michelle Kersch      

Mitch Cohen

Black Knight, Inc.    

Black Knight, Inc.         

904.854.5043         

704.890.8158

michelle.kersch@bkfs.com    

mitch.cohen@bkfs.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/black-knights-optimal-blue-ppe-delivers-deep-system-to-system-api-integration-with-freddie-mac-for-significant-value-to-mutual-clients-301248207.html

SOURCE Black Knight, Inc.

FAQ

What is the significance of Black Knight's integration with Freddie Mac's Loan Selling Advisor?

The integration automates loan pricing, enhancing efficiency and accuracy for Freddie Mac sellers.

When was the integration between Black Knight's Optimal Blue PPE and Freddie Mac completed?

The integration was announced on March 16, 2021.

How does the integration improve the loan selling process for clients?

It streamlines access to pricing Freddie Mac loans and increases operational efficiencies.

What benefits does the integration provide to mutual clients of Black Knight and Freddie Mac?

Clients benefit from increased pricing accuracy, shorter processing times, and enhanced automation.

Black Knight, Inc.

NYSE:BKI

BKI Rankings

BKI Latest News

BKI Stock Data

11.88B
151.23M
3.51%
92.28%
1.04%
Software - Application
Technology
Link
United States
Jacksonville