Welcome to our dedicated page for Black Knight news (Ticker: BKI), a resource for investors and traders seeking the latest updates and insights on Black Knight stock.
Black Knight, Inc. (NYSE: BKI) delivers essential software and analytics for the mortgage lifecycle, serving lenders, real estate professionals, and capital markets. This news hub provides investors and industry stakeholders with critical updates on strategic developments, financial performance, and market leadership in housing technology.
Track the latest developments including merger progress with Intercontinental Exchange, quarterly earnings insights, and innovations like the Empower® Loan Origination System. Our curated news collection covers regulatory updates, product enhancements, and housing market analyses from BKI's proprietary data tools.
Key updates include merger status reports, Home Price Index trends, and operational strategies addressing current market conditions. Discover how Black Knight maintains industry leadership through technological innovation while navigating evolving housing finance landscapes.
Bookmark this page for real-time access to press releases, investor communications, and market-moving announcements. Check regularly for authoritative updates directly affecting mortgage technology sector dynamics and BKI's position within it.
In March 2022, the national loan delinquency rate dropped to 2.84%, marking a significant decrease of 15.5% from the previous month and setting a record low. Factors contributing to this decline include strong employment figures, student loan deferrals, and refinancing at low interest rates. However, while serious delinquencies decreased by 12%, they still remain 70% above pre-pandemic levels. Additionally, foreclosure starts decreased by 3% month-over-month but saw a 386% yearly increase. Prepayment activity rose by 9% despite rising interest rates.
Black Knight, Inc. (NYSE: BKI) has launched CA Risk Profiler Plus, a tool aimed at helping mortgage lenders and appraisers identify potential minority bias in home valuations. By flagging problematic valuations, this tool enhances the collateral review process, reducing risk exposure. The tool analyzes selected comparable properties against data from Black Knight's comprehensive database, aiming to ensure equitable and objective appraisals. This initiative aligns with industry-wide efforts to address appraisal biases that disproportionately affect communities of color, as highlighted by recent research.
Black Knight (NYSE:BKI) has announced that Lower has signed a contract to utilize its MSP servicing system and a suite of complementary solutions. This collaboration aims to enhance customer experience, ensure regulatory compliance, and drive growth. The MSP system, which manages approximately 37 million active loans, supports various loan types and servicing processes. Lower will also implement Servicing Digital and the Customer Service solution to streamline customer interactions and improve retention.
Black Knight (NYSE:BKI) has launched Investor Pricing Insight, a contributory benchmarking tool for wholesale and correspondent mortgage investors. This solution provides real-time, actionable pricing data, enabling investors to compare their strategies against peers and adjust accordingly. Unlike traditional survey data, this tool utilizes actual pricing from the Optimal Blue PPE, the leading pricing engine in the industry. This allows users to assess competitive positions in real time, enhancing decision-making and operational efficiency.
Black Knight, Inc. (NYSE:BKI) will release its first quarter 2022 earnings on May 6, 2022, before market opening. A follow-up conference call is scheduled for 8:30 a.m. Eastern Time on the same day. Interested parties can access the call via Black Knight's Investor Relations website. The company will also participate in two upcoming investor conferences: the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2022, and the KBW Real Estate Finance & Technology Virtual Conference on May 26, 2022.
Cornerstone Home Lending has adopted Black Knight's MSP loan servicing system to enhance operational efficiency and automate mortgage servicing. The MSP system covers various servicing aspects and is supplemented by additional solutions like Customer Service and Servicing Digital for improved customer interactions. The integration of Black Knight's analytics and default management tools aims to streamline processes and mitigate risks. This strategic move supports Cornerstone's commitment to superior customer experience and operational growth as it transitions its loan servicing in-house.
In March, mortgage interest rates surged, with 30-year conforming rates climbing to 4.93% before settling at 4.79%. The rise in mortgage rates led to a 19% increase in overall rate lock activity, primarily driven by a 31% jump in purchase volume. Non-conforming loan products gained market share, now accounting for 18% of lock activity. However, rate/term refinance volumes dropped 15.4%, marking an 81% year-over-year decline, and the refi market share fell to 28%, the lowest since November 2018.
Black Knight, Inc. (NYSE:BKI) announced that First Integrity Mortgage Services has chosen its cloud-based Empower loan origination system (LOS) to enhance efficiency and digital capabilities. The partnership aims to streamline the origination process, improve borrower experience, and reduce manual tasks through automation. First Integrity will integrate various solutions, including eSign and eDelivery, to support its growing operations. This agreement expands their existing relationship with Black Knight, leveraging advanced technologies for better customer engagement and faster loan processing.
Black Knight, Inc. (NYSE:BKI) has partnered with Stanford Federal Credit Union to implement its Empower loan origination system (LOS) and integrated origination solutions. This selection aims to enhance operational efficiency and support the credit union's growth in retail and home equity lending. The cloud-based platform provides advanced automation, data analytics, and compliance solutions to improve member experience. With its proven technology, Black Knight is set to bolster Stanford FCU's service capabilities, furthering its mission as a trusted financial partner.
Black Knight, Inc. (NYSE:BKI) has announced a contract with Ruoff Mortgage to utilize its MSP loan servicing system as Ruoff transitions its servicing operations in-house. The MSP system will streamline all servicing aspects, while other Black Knight solutions like Customer Service and Servicing Digital will enhance customer interactions. Additionally, Black Knight's Default Suite will support loss mitigation, and the Actionable Intelligence Platform will provide strategic analytics. This partnership is anticipated to improve operational efficiency and customer experience for Ruoff Mortgage.
