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.
Black Knight, Inc. (NYSE:BKI) will release its fourth quarter and full-year 2021 earnings on February 15, 2022, before the market opens. Following the earnings release, a conference call will take place at 8:30 a.m. Eastern Time the same day. Interested parties can access the call through Black Knight's Investor Relations website. Additionally, Kirk Larsen, the CFO, will participate in the William Blair Tech Innovators Conference on March 15, 2022.
Black Knight, Inc. (NYSE:BKI) announced the successful completion of year-end loan processing for over 57 million loans via its MSP loan servicing system on January 1, 2022. This critical annual event ensures compliance with regulatory requirements and supports clients in reporting to various agencies. The processing was completed without any downtime, reflecting the company's commitment and proven track record. Black Knight's MSP system enhances operational efficiency and compliance while reducing risks and operating costs.
Black Knight, Inc. (NYSE:BKI) released December 2021 mortgage performance metrics, indicating a total U.S. loan delinquency rate of 3.38%, reflecting a 5.88% month-over-month drop and a 44.46% year-over-year decrease. The foreclosure pre-sale inventory rate is 0.24%, with a 3.80% month-over-month decline and 27.98% year-over-year decline. Foreclosure starts totaled 4,100, up 10.81% from the previous month but down 42.25% year-over-year. Overall, serious delinquencies remain more than twice pre-pandemic levels.
Black Knight, Inc. (NYSE:BKI) announced on January 11, 2022, that Aspire Home Loans LLC has contracted to implement Black Knight's Empower Loan Origination System and integrated origination performance solutions. This technology aims to enhance the borrower experience, increase operational efficiency, and drive business growth for Aspire Home Loans. The Empower system automates loan origination processes, reducing costs and improving data integrity. Additionally, Aspire will utilize Black Knight's Optimal Blue pricing engine and Surefire CRM for enhanced customer engagement and streamlined workflows.
Black Knight, Inc. (NYSE:BKI) released its latest Originations Market Monitor report, revealing a significant decline in mortgage rate locks in December. Total locks decreased by 35% year-over-year, and down 18.3% from November, largely due to higher interest rates and seasonal factors. Purchase loan locks fell 22.5%, while refinance lending activity dropped to its lowest level in two years. Despite these trends, cash-out refinances rose 18% year-over-year, supported by high home equity levels. The average loan amount at year-end increased to $341,000.
On January 6, 2022, Black Knight, Inc. (NYSE:BKI) announced a partnership with Sound Credit Union, a Washington-based credit union. Sound has selected Black Knight's Empower loan origination system to enhance its loan processing capabilities for first mortgages and home equity loans. The system aims to provide automation, mitigate risks, and improve data integrity. Sound will also utilize a comprehensive suite of origination solutions, including AI features and mobile-friendly tools, to streamline operations and enhance member satisfaction as it grows its member base.
Black Knight, Inc. (NYSE:BKI) released its November 2021 mortgage performance statistics, showing a continued improvement in U.S. loan delinquencies and foreclosures. The overall loan delinquency rate is 3.59%, down 4.11% month-over-month and 43.29% year-over-year. Foreclosure pre-sale inventory stands at 0.25%, reflecting a 24.16% yearly decline. Notably, foreclosure starts decreased to 3,700, marking a 15.91% year-over-year decrease. The prepayment rate also fell by 36.83% year-over-year. Statistics reveal significant regional variances in non-current percentages, with Louisiana at 7.95% and Utah at 2.38%.
On December 15, 2021, Black Knight, Inc. (NYSE:BKI) announced a partnership with VyStar Credit Union, the largest credit union in Northeast Florida, to implement its integrated mortgage origination and servicing solutions. VyStar will utilize Black Knight's Empower loan origination system and MSP servicing system to enhance their operational capabilities for over 800,000 members. This collaboration aims to streamline processes, improve member experience, and provide digital solutions for loan origination and servicing, including electronic closing and real-time information access.
On December 13, 2021, Black Knight (NYSE:BKI) published its latest Originations Market Monitor report for November 2021. The report highlights a 4.7% decline in overall rate locks, with rate/term origination falling 9.4%. This marks the third consecutive monthly decline, with rate/term refinance activity down 65% year-over-year. Despite these declines, cash-out refinance volumes rose 36% from the previous year. The average loan amount increased by $7,000 to reach $337,000.
Black Knight, Inc. (NYSE:BKI) announced its latest Mortgage Monitor Report, highlighting a record $9.4 trillion in tappable equity for homeowners as of Q3 2021. This represents a staggering $250 billion increase from the previous quarter, with a 32% rise year-over-year. Homeowners accessed their equity at the highest rate in over 14 years, with cash-outs making up 54% of all refinances. Despite rising home prices and interest rates, the current market shows significantly lower leverage and improved borrower credit scores compared to the pre-Great Recession era.
