Profile: Black Knight Inc (BKI)
20 May 2019
Black Knight, Inc., incorporated on February 03, 2017, provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company's segments include Technology, and Data and Analytics. The Company's Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services. Its Data and Analytics segment offers data and analytics solutions to the mortgage, real estate and capital markets industries. These solutions include property ownership data, lien data, servicing data, automated valuation models, collateral risk scores, prepayment and default models, lead generation and other data solutions.
The Company's Technology segment offers software and hosting solutions that facilitate and automate business processes across the life cycle of a mortgage. These solutions consist of mortgage origination, processing and workflow management software applications coupled with related support and services. The Technology segment provides applications and services, such as servicing technology and origination technology. Its mortgage servicing platform (MSP) is a software-as-a-service (SaaS) application that automates loan servicing, including loan setup and ongoing processing, customer service, accounting and reporting to the secondary mortgage market, and investor reporting. MSP serves as an application and database of record for first and second lien mortgages. It offers Web-based workflow information systems, which it refers to as Loansphere Bankruptcy and Loansphere Foreclosure. These applications can be used for managing and automating a range of different workflow processes involving non-performing loans. In addition, it offers Loansphere Invoicing, which can be used to organize images of paper documents within a particular file, to capture information from imaged documents, to manage invoices and to provide multiple users access to data needed for various types of monitoring and process management.
The Company offers two solutions that automate and facilitate the origination of mortgage loans in the United States: Empower, which supports retail and wholesale loan originations, and LendingSpace, which supports correspondent loan originations, which are originations that are funded by one lender selling the loan to another lender to service the loan or sell it on the secondary market. It also offers the Exchange and the Insight suite of solutions. The Exchange is a platform that provides an interconnected network of originators, agents, settlement services providers and investors in the United States. This integrated one-to-many platform allows lenders and their service providers to connect and do business electronically. Its Insight suite consists of Closing Insight, Quality Insight and Valuation Insight. Closing Insight and Quality Insight are solutions integrated with the Exchange and are designed to help lenders meet loan quality and disclosure requirements established by government-sponsored enterprises (GSEs), the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency. Valuation Insight is a tool for lenders to validate and quality control appraisals and other valuation types used in collateral. Its eLending solutions connect the various parties and systems associated with lending transactions enabling lenders, partners and consumers to exchange data. Its eLending platform hosts a range of on-demand services that provide electronic document delivery, signature, closings and post-close services accessible to lenders of all sizes.
Data and Analytics
The Company's Data and Analytics segment supports its technology solutions. The Company's data and analytics services include property, mortgage performance data and multiple listing service (MLS), and mortgage and real estate analytics. The Company provides tax status data on properties and offers analytic services designed to enable its clients to utilize its data to assess and mitigate risk, determine property values, track market performance and generate leads. It also provides a MLS system to MLS groups in the United States and Canada. The Company offers a range of property valuation services that allow its clients to analyze the value of underlying properties. These include automated valuation models, collateral risk scores, appraisal review services and valuation reconciliation services. To deliver these services, it utilizes algorithms, detailed real estate statistical analysis and modified physical property inspections. It offers technological solutions that help mortgage lenders and servicers to control their data assets by collecting, linking and storing loan data from their applications and from industry sources in a central location and delivering visualization and actionable insights into the data to support proactive decision making at all levels of the enterprise.
Black Knight Inc
601 Riverside Ave
JACKSONVILLE FL 32204-2901