investors

Press Releases

DateTitle
08/10/2017 KeyBank Signs Contract to Implement Black Knight’s LoanSphere MSP Servicing System for First Mortgages and Home Equity Loans and Lines of Credit; Becomes Black Knight Enterprise Client
KeyBank is also implementing Black Knight’s Portfolio Overview Insight Solution and multiple other technology, data and analytics offerings KeyBank is consolidating its technology onto one servicing system for mortgages and home equity loans and lines of credit to improve efficiency and risk management. KeyBank is now a Black Knight enterprise client as a result of the bank’s use of multiple Black Knight solutions. Integration of systems, solutions and data across the loan life cycle and support for compliance efforts were critical factors in KeyBank’s selection of Black Knight’s solutions. MSP is the mortgage industry’s leading servicing system; Portfolio Overview Insight standardizes data views across a client’s servicing operations so that each business area is reviewing the same information. Black Knight Financial Services, Inc. (NYSE:BKFS) announced today that KeyBank , one of the nation’s largest bank-based financial services companies, has signed an agreement to implement Black...
08/09/2017 FirstBank Signs Six-Year Contract for Black Knight’s LoanSphere MSP Servicing System and Data-Related Solutions
- MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default.
- The MSP servicing system will provide FirstBank with a proven technology that will help the bank increase operational efficiencies and support its efforts to remain compliant with regulatory requirements.
- FirstBank will also use Black Knight’s Lien Alert solution, which is integrated with MSP, to help proactively manage risk and improve decision-making, and the McDash reporting suite for insights into monthly prepayment and delinquency trends.
- FirstBank currently uses Black Knight’s Empower loan origination system to support its retail lending channel. Black Knight Financial Services (NYSE:BKFS) announced today that FirstBank, the nation’s third largest privately held bank, has signed a six-year contract to implement LoanSphere MSP, Black Knight’s industry-leading servicing system, which supports both first...
08/08/2017 Black Knight Financial Services Launches Mortgage and Housing Market Index Suite to Aid Economic Forecasting, Decision-Making, Research and Modeling
Black Knight Index Suite expands upon the company’s Home Price Index with a series of indices designed to provide insights into the housing and mortgage markets with unmatched depth, coverage and currency
Consolidates Black Knight’s comprehensive proprietary data and cutting-edge analytics Designed to provide objective and robust benchmarks for measuring housing and mortgage market performance Comprised of two sub-series: a Mortgage Market Index Series and a Housing Market Index Series The Data & Analytics division of Black Knight Financial Services (NYSE:BKFS) today introduced the Black Knight Index Suite, a series of indices designed to provide insights into the housing and mortgage markets with comprehensive depth, coverage and currency. Based upon Black Knight’s vast property and mortgage datasets, and using modeling and analytics techniques refined over 20 years, the Black Knight Index Suite expands upon the company’s existing Home Price Index (HPI) by adding three new...
08/07/2017 Black Knight’s Mortgage Monitor: Low-Down-Payment Purchase Lending at Seven-Year High, Largely a Product of Overall Purchase Market Growth
Over the past 12 months, 1.5 million borrowers have purchased a home using down payments below 10 percent Such low-down-payment loans currently account for nearly 40 percent of all purchase originations Five-to-nine-percent-down-payment purchase lending grew at twice the rate of the overall purchase market in late 2016; less-than-five-percent-down loans saw growth at about the market average   The average credit score on high-LTV purchase loans today is approximately 50 points higher than those originated in 2004-2006; among GSE loans, average credit scores are approximately 60 points higher FHA/VA market share is declining as GSEs expand low-down-payment lending footprint; over a quarter of GSE purchase lending in 2016 and early 2017 involved down payments of less than 10 percent Today, the Data & Analytics division of Black Knight Financial Services, Inc.  (NYSE:BKFS) released its latest Mortgage Monitor Report , based on data as of the end of June 2017 . This month,...
08/03/2017 Black Knight’s Julian Grey Named by HousingWire to the Publication’s Prestigious 2017 “Women of Influence” List
Awards Program Honors High-Achieving Women Across the U.S. Housing Economy Julian Grey, Mortgage Market Leader for the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE:BKFS), was one of 50 women named to HousingWire’s 2017 “Women of Influence” list .  Now in its seventh year, the publication’s awards program honors high-achieving women across the U.S. housing economy, including areas such as residential mortgage lending, servicing, investments and residential real estate. Women who have made notable contributions to both their business and the industry-at-large are recognized for their energy, ideas, achievements, commitment to excellence and progress, which give others a view of the future of the housing industry. Julian Grey, Mortgage Market Leader, Black Knight Data & Analytics, was named to HousingWire's 2017 "Women of Influence" list, which recognizes high-achieving women across the U.S. housing industry. A photo accompanying this announcement...
08/01/2017 Black Knight Financial Services to Participate in the Wells Fargo Technology Services Forum
Black Knight Financial Services, Inc. (NYSE:BKFS), a leading provider of technology, data and analytics solutions to the nation's top mortgage lenders and servicers, today announced that Kirk Larsen , Black Knight’s chief financial officer, will participate in the Wells Fargo Technology Services Forum on Tuesday, Aug. 8, 2017 . The forum, which will be held at Gurney’s Newport Resort & Marina in Newport, Rhode Island , will consist of one-on-one and small group meetings.  About Black Knight Financial Services, Inc.  Black Knight (NYSE:BKFS), is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle. Black Knight is committed to being the premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a...
08/01/2017 LoanCare Signs Seven-Year Renewal With Black Knight Financial Services for LoanSphere MSP Servicing System
Black Knight’s MSP system provides enhanced functionality to support LoanCare’s growing business. MSP’s comprehensive, end-to-end loan servicing system encompasses all areas of servicing - from loan boarding to default – for first mortgages and home equity products. LoanCare also uses additional Black Knight servicing solutions for bankruptcy, foreclosure and invoicing. Black Knight Financial Services, Inc.  (NYSE:BKFS) announced today that LoanCare , a ServiceLink company that is a leading national full-service residential subservicer, has signed a seven-year renewal to continue using Black Knight’s LoanSphere MSP, a comprehensive, end-to-end servicing system used by financial institutions to manage the servicing processes for both mortgage and home equity loans. These processes include loan setup and maintenance, escrow administration, investor reporting, regulatory requirements and more. MSP, which helps LoanCare to reduce the costs, resources and potential regulatory risks...
07/31/2017 Black Knight Home Price Index Report: Another Strong Month as U.S. Home Prices Rise 1.1 Percent in May, Gaining 6.1 Percent Year-Over-Year
- The national-level home price index (HPI) hit another new peak in May, marking a 4.6 percent gain in home prices so far in 2017
- At 6.1 percent vs. April’s 6.0 percent, year-over-year price appreciation continued to accelerate in May
- Rhode Island led all states in monthly gains at 1.7 percent; Utah , Idaho , Montana and Washington all followed at 1.6 percent
- Spokane, Wash. , and Carson City, Nev. , led all metropolitan areas with 1.9 percent monthly appreciation
- Seattle, Wash. , home prices continue to lead the nation, seeing a 10.3 percent gain in 2017 alone; San Jose, Calif. , followed with 9.0 percent growth year-to-date
- Home prices in every state and the 40 largest (by population) metros increased in May, while 11 of the 20 most-populous states and 20 of the 40 largest metros hit new peaks Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE:BKFS) released its latest Home Price Index (HPI) report, based on...
07/20/2017 Black Knight Financial Services Recognized as One of Jacksonville’s Best Places to Work
Winners were determined by an analysis of survey data taken by each company's employees. Black Knight Financial Services, Inc. (NYSE:BKFS) was recognized by the “Jacksonville Business Journal” as one of the city’s Best Places to Work, as rated by the company’s employees. Black Knight was one of 10 “extra-large” Jacksonville companies – those with workforces numbering between 250 and 9,999 employees – honored for this designation at a luncheon in downtown Jacksonville on June 22 . A record number of public and private companies, as well as government organizations and nonprofits, were nominated to participate in the survey process, as long as each organization had 10 or more full-time (30 hours or more per week) permanent employees. Employees at these organizations were sent an online survey from Quantum Workplace, which specializes in measuring workplace satisfaction, to anonymously rate their respective companies on the following six workplace factors: Communication and Resources...
07/20/2017 Black Knight’s First Look at June 2017 Mortgage Data: Delinquencies Hold Steady Despite Seasonal Pressure; Low Interest Rates Help Prepayments Continue to Climb
Despite upward seasonal pressure, mortgage delinquencies held steady at 3.8 percent in June While total non-current inventory saw a three percent seasonal rise over Q2 2017, the inventory of serious delinquencies (loans 90 or more days past due) and active foreclosures fell by seven percent In total, serious delinquencies and active foreclosures have declined by 17 percent (nearly 200,000 loans) this year Low interest rates helped push prepayment activity up another 5.3 percent in June, following May’s 23 percent rise Though hitting calendar-year highs for two consecutive months, the national prepayment rate remains over 20 percent below last year’s levels The Data & Analytics division of Black Knight Financial Services, Inc. , (NYSE:BKFS) reports the following “first look” at June 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate (loans 30 or more...
07/19/2017 Black Knight Financial Services Reports Second Quarter 2017 Financial Results
Revenues of $262.2 million and Adjusted Revenues of $263.4 million Net Earnings Attributable to Black Knight Financial Services, Inc. of $6.5 million, or $0.09 per diluted share, and  Adjusted Net Earnings of $53.4 million, or $0.35 per diluted share Adjusted EBITDA of $126.3 million and Adjusted EBITDA Margin of 47.9% Full year guidance reaffirmed Black Knight Financial Services, Inc. (NYSE:BKFS), a leading provider of technology, data and analytics solutions to the nation's top mortgage lenders and servicers, today announced financial results for the second quarter and six months ended June 30, 2017. Revenues for the second quarter of 2017 increased 3% to $262.2 million from $255.5 million in the prior year quarter. Net earnings attributable to Black Knight Financial Services, Inc. for the second quarter of 2017 were $6.5 million, or $0.09 per diluted share, compared to $11.4 million, or $0.17 per diluted share, in the prior year quarter. The results for the second quarter...
07/17/2017 Black Knight’s MLS Division and CRS Data Announce Strong Customer Demand for Their Integrated Paragon MLS–MLS Tax Suite Solution
Since announcing the Black Knight-CRS Data strategic alliance in September 2016 , 12 Paragon MLS customers representing more than 85,000 users have installed CRS Data tools, including MLS Tax Suite. MLS customers include Sandicor, Inc. , Bay East, bridgeMLS, Contra Costa AOR, New England Real Estate Network and Intermountain MLS. Customers cite Paragon MLS’ cross-browser compatibility, ease of use and professionally branded comparative market analyses, as well as CRS Data’s property data, detailed maps and robust features, as primary reasons for choosing its seamlessly integrated MLS and tax data solution. The strategic alliance between Paragon MLS , the flagship multiple listing service (MLS) system from Black Knight Financial Services (NYSE:BKFS), and MLS Tax Suite , a powerful tax data solution from CRS Data, has resulted in 12 Paragon MLS customers installing this combined solution suite since announcing the business relationship in September 2016 . Together, the 12 MLS...
07/13/2017 Black Knight Financial Services Presented an Above and Beyond Award by U.S. Department of Defense ESGR Program
- Black Knight Financial Services (“Black Knight”) was recognized for providing additional, non-mandated benefits to Guard and Reserve employees Black Knight Financial Services, Inc. (NYSE:BKFS) was presented with an Above and Beyond Award by the Employer Support for the Guard and Reserve (“ESGR”), a U.S. Department of Defense program, the company announced today. The Above and Beyond Award is presented by ESGR State Committees to recognize employers at the local level that have gone above and beyond the legal requirements of the Uniformed Services Employment and Reemployment Rights Act by providing their Guard and Reserve employees additional, non-mandated benefits such as differential or full pay to offset lost wages and extended health benefits. The award is given in limited numbers by State Committees to employers that have had at least one supervisor or manager recognized with a Patriot Award, and that have signed or agreed to sign an ESGR Statement of Support. Wage continuation...
07/12/2017 Black Knight Successfully Converts More than 1 Million Home Equity and Private Banking Loans to LoanSphere MSP Servicing System for JPMorgan Chase
Black Knight completed the conversion of more than 1 million home equity and private banking loans onto one servicing platform to help JPMorgan Chase improve efficiency and risk management. MSP is currently used to service more than 30 million loans and offers a comprehensive, customer-centric, single platform to support first mortgages and home equity loans and lines of credit. JPMorgan Chase also implemented LoanSphere Loan Boarding, a tool that helps servicers efficiently board loans to MSP. JPMorgan Chase also added Black Knight’s LoanSphere Invoicing, a web-based solution that streamlines billing and invoicing. Black Knight Financial Services, Inc. (NYSE:BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that it has completed the conversion of more than 1 million home equity and private banking loans onto Black Knight’s advanced LoanSphere MSP servicing system for JPMorgan Chase , a leading global...
07/10/2017 Black Knight’s Mortgage Monitor: Underwater Borrower Population Below Two Million for First Time Since 2006; Tappable Equity Likely to Hit Record High This Summer
The number of underwater borrowers declined by 16 percent in the first three months of 2017 350,000 borrowers regained equity in Q1 2017, bringing the total underwater population down to 1.8 million The underwater population has fallen by nearly one million borrowers since last year, a 35 percent annual decline Nearly half of remaining underwater borrowers live in the bottom 20 percent of homes by price in their markets Tappable equity has risen by $695 billion from last year, bringing total lendable equity to just under $5 trillion Over 40 million Americans have tappable equity available in their homes today; the largest population on record Today, the Data & Analytics division of Black Knight Financial Services, Inc.  (NYSE:BKFS) released its latest Mortgage Monitor Report , based on data as of the end of May 2017 . This month, Black Knight finds that rising home prices have both decreased the number of borrowers underwater on their mortgages while increasing the amount of...
07/06/2017 Black Knight’s LoanSphere Empower Loan Origination System Verified by Fannie Mae and Freddie Mac to Generate Uniform Closing Dataset Files
The Empower loan origination system supports compliance with Fannie Mae and Freddie Mac requirements for delivery of Closing Disclosure data Empower enables clients to successfully generate UCD files and complete validation Black Knight worked closely with Fannie Mae and Freddie Mac to test Empower functionality Black Knight Financial Services, Inc. (NYSE:BKFS) announced today that its LoanSphere Empower loan origination system (LOS) has been verified by Fannie Mae and Freddie Mac to generate Uniform Closing Dataset (UCD) files. Empower is Black Knight’s comprehensive LOS that supports the retail, wholesale and consumer-direct lending channels and delivers full functionality to electronically capture and process data for every facet of the origination process. The UCD is part of the Uniform Mortgage Data Program® (UMDP®), an ongoing initiative established by Fannie Mae and Freddie Mac, under the direction of the Federal Housing Finance Agency (FHFA), focusing on the adoption of...
06/28/2017 Black Knight Financial Services Announces Second Quarter 2017 Earnings Release and Conference Call
Black Knight Financial Services, Inc. (NYSE:BKFS), a leading provider of technology, data and analytics solutions to the nation’s top mortgage lenders and servicers, will release second quarter 2017 earnings after the close of regular market trading on July 19, 2017 . A conference call to discuss its results will follow at 5:00 p.m. Eastern Time that same day. Those wishing to participate via the webcast should access the call through Black Knight’s Investor Relations website at http://investor.bkfs.com. Those wishing to participate via the telephone may dial in at 877-407-4018 (USA) or 201-689-8471 (International). The conference call replay will be available via webcast through Black Knight’s Investor Relations website at http://investor.bkfs.com. The telephone replay will be available from 8:00 p.m. Eastern Time on July 19, 2017, through July 26, 2017, by dialing 844-512-2921 (USA) or 412-317-6671 (International). The replay passcode will be 13665396. About Black Knight Financial...
06/26/2017 Black Knight Home Price Index Report: U.S. Home Prices Continue to Hit New Highs in April, Rising 1.2 Percent from March, Up 6.0 Percent Year-Over-Year
At $275K , the national-level HPI is the highest it has ever been, marking a 3.6 percent gain in home prices since the start of 2017 Washington continues to outperform the nation, leading all states in monthly appreciation for the third consecutive month and with the Seattle metro area seeing an 8.4 percent gain in home prices since the start of the year Seattle and Bellingham, Wash. – along with Carson City, Nev. – led all metropolitan areas with 2.3 percent monthly appreciation; Washington state accounted for five of the nation’s top 10 best-performing metros All of the nation’s 20 largest states and 40 largest metros saw home prices increase in April, while each of the top 10 best-performing metros saw home prices increase by 2.0 percent or more Tuscaloosa, Ala. , was the only metro area to see a decline, with prices falling another 5.1 percent in its fifth consecutive month as the country’s worst-performing metropolitan area Home prices in nine of the nation’s 20 largest states...
06/22/2017 Black Knight’s First Look at May 2017 Mortgage Data: Easing Interest Rates Spur Increase in Prepayment Activity; Delinquencies Pull Back After April’s Increase
Prepayments (historically a good indicator of refinance activity) jumped 23 percent month-over-month, reaching their highest point so far in 2017 Delinquencies reversed course after calendar-driven increase in April, falling 7.13 percent month-over-month Inventory of loans either seriously delinquent (90 or more days past due) or in active foreclosure continues to improve, with both hitting 10-year lows in May Just 2.12 percent of Colorado borrowers are past due on mortgage payments, the lowest of any state; Mississippi has the highest non-current rate of any state at 10.16 percent 7.13%
Year-over-year change: -10.78% Total U.S. foreclosure pre-sale inventory rate: 0.83% Month-over-month change: -2.97% Year-over-year change: -26.90% Total U.S. foreclosure starts: 55,800
Month-over-month change: 5.68%
Year-over-year change: -10.14% Monthly Prepayment Rate (SMM): 1.06% Month-over-month change: 23.42% Year-over-year change: -18.32% Foreclosure Sales as % of 90+: 2.17%...
06/14/2017 Mortgage Lending Analytics, PPE & Digital Mortgage Provider Lender Price Attending Motivity Solutions User Conference
Lender Price, the emerging leader in digital mortgage interface technology and real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solutions complete with full mobile functionality and advanced business intelligence, announced that Black Knight Financial Services' Motivity Solutions will use pricing data from Lender Price's industry-leading PPE to provide pricing analytics to its users. Motivity Solutions is a comprehensive mortgage business intelligence offering from Black Knight Financial Services that provides lenders with instant access to information from multiple data sources to help forecast and monitor loan performance. The technology delivers real-time analytics to help proactively monitor, measure and manage lenders' operations through key performance indicators, scorecards, executive dashboards and on-demand reporting. "Combining Lender Price pricing data with the capabilities of Motivity Solutions will deliver robust analytics to help...
06/09/2017 Fidelity National Financial, Inc. and Black Knight Financial Services, Inc. Announce Signing of Formal Agreements Related to Previously Announced Tax-Free Plan to Distribute Shares of Black Knight Financial Services, Inc. Common Stock
JACKSONVILLE, Fla. – June 9, 2017 – Fidelity National Financial, Inc. ("FNFI") and Black Knight Financial Services, Inc. (NYSE:BKFS) today announced the signing of formal agreements related to the previously announced taxfree distribution (the "Distribution Plan") in which FNFI intends to distribute all 83.3 million shares of Black Knight Financial Services, Inc. ("Black Knight") common stock that it currently owns to FNF Group (NYSE:FNF) stockholders. Under the Distribution Plan, Black Knight Holdings, Inc. ("BKHI") will contribute all of its shares of Black Knight Class B common stock and Black Knight Financial Services, LLC membership interests into a newly-formed subsidiary, New BKH Corp. ("New BKH"), in exchange for all of the shares of New BKH common stock. BKHI will then distribute to FNFI all of the shares of New BKH common stock, which will then be distributed to FNF stockholders by FNFI. Immediately following the distribution of New BKH common stock to FNF stockholders, New...
06/05/2017 Black Knight’s Mortgage Monitor: Q1 2017 Originations Fall 34 Percent, Led By 45 Percent Drop in Refinance Lending; Despite Recent Rate Softening, Home Affordability Remains Near Post-Recession Low
Overall, $372B in first-lien mortgages were originated in Q1 2017, marking a 9.0 percent decline from Q1 2016 and the lowest point seen since Q4 2014 Refinance lending was down 45 percent from Q4 2016 and 20 percent from the same time last year; purchase originations fell 21 percent on a quarterly basis, but were up 3.0 percent from Q1 2016 Higher-credit-score borrowers (740 and up) saw the greatest decline in refinance activity, seeing volume decline by 50 percent After surpassing the pre-crisis peak for the first time in February, home prices saw the largest monthly rise in nearly four years in March The Black Knight Home Price Index value is now at 1.5 percent above the prior peak observed in 2006 The share of the median income necessary to make principal and interest payments on the median-priced home each month remains near a post-recession high at 22.6 percent Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE:BKFS) released its latest...
05/30/2017 Black Knight Home Price Index Report: U.S. Home Prices Hit Another New Peak, Rising 1.3 Percent for the Month, Up 5.8 Percent Year-Over-Year
At $272K , the national-level HPI continued its upward trend, hitting another new peak in March 2017 , marking a 2.3 percent gain in home prices since the start of the year Washington led all states in appreciation for the second consecutive month, with home prices there rising 2.2 percent from February San Jose, Calif. , led the nation’s metropolitan areas with 2.6 percent monthly appreciation, followed by Seattle at 2.4 percent; the top 10 best-performing metros all saw monthly price gains of two percent or higher Three metropolitan areas have seen home prices rise by five percent or more since the start of the year: San Francisco (5.0 percent); Seattle (5.9 percent); and San Jose, Calif. (6.4 percent) The market in Tuscaloosa, Ala. , is showing considerable stress; prices fell another 4.5 percent, marking a 17 percent decline year-to-date, and its fourth consecutive month as the country’s worst-performing metropolitan area Home prices in eight of the nation’s 20 largest states and...
05/24/2017 Black Knight Financial Services Launches Municipal Lien Search Solution to Help Uncover Property Debts and Reduce Risk
Solution helps borrowers reduce risk and unforeseen costs by disclosing liens not typically included in standard title searches Black Knight’s access to significantly greater property and tax data than offered by a traditional online title search can reveal additional outstanding property debts and who to contact to resolve them Black Knight covers search costs upfront; borrowers pay at closing The Data & Analytics division of Black Knight Financial Services (NYSE:BKFS) today introduced Municipal Lien Search, a new solution that helps find liens that are not included on property reports and are outside the scope of title insurance coverage. Examples of these types of liens include county debts; code and force violations; waste, water and sewer. Unrecorded municipal liens can remain undiscovered and become the responsibility of the new property owner upon closing. Black Knight’s Municipal Lien Search solution offers a faster and simpler way to help identify unrecorded property...
05/24/2017 Black Knight’s First Look at April 2017 Mortgage Data: Calendar-Driven Spike in Delinquencies Results in Largest Monthly Rise in More Than Eight Years
First-lien mortgage delinquencies rose by 13 percent, the largest monthly increase since November 2008 Month-over-month, the number of borrowers past due on mortgage payments increased by 241,000 April’s delinquency rate increase was primarily calendar-driven (due to both the month ending on a Sunday and March being the typical calendar-year low) and largely isolated to early-stage delinquencies The inventory of loans in active foreclosure continues to decline, hitting a 10-year low in April At just 52,800, April saw the fewest monthly foreclosure starts since January 2005 Prepayment speeds (historically a good indicator of refinance activity) fell by 11 percent from March The Data & Analytics division of Black Knight Financial Services, Inc.  (NYSE:BKFS) reports the following “first look” at April 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate...
05/16/2017 Black Knight Financial Services to Participate in Upcoming Investor Conferences
Black Knight Financial Services, Inc. (NYSE:BKFS), a leading provider of technology, data and analytics solutions to the nation's top mortgage lenders and servicers, today announced that company executives will attend the following investor conferences: The J.P. Morgan Global Technology, Media and Telecom Conference at the Westin Copley Place in Boston, on Monday, May 22, 2017. Tom Sanzone, Black Knight’s president and chief executive officer, will present at 10:00 a.m. Eastern Time. A live webcast and replay of the presentation will be available on Black Knight’s Investor Relations website at: http://investor.bkfs.com. The Stephens Spring Investment Conference at the Lotte New York Palace in New York City, on Tuesday, June 6, 2017. Kirk Larsen, Black Knight’s chief financial officer, will present at 9:00 a.m. Eastern Time. A live webcast and replay of the presentation will be available on Black Knight’s Investor Relations website at: http://investor.bkfs.com. About Black Knight...
05/10/2017 Black Knight Financial Services Makes Valuable New Enhancements to the LoanSphere Empower Loan Origination System
The latest version of Empower includes support for the CFPB’s expanded data collection requirements in support of the Home Mortgage Disclosure Act (HMDA) New Representational State Transfer Application Program Interface (REST API) framework enables lenders to provide consumers and loan officers access to Empower functionality and data from any mobile device Updated user interface with a more intuitive navigation and a simplified screen presentation Enhanced home equity lending capabilities and several additional integrations to further streamline lenders’ processes Black Knight Financial Services, Inc. (NYSE:BKFS) announced today that it has made several significant enhancements to LoanSphere Empower , the company’s comprehensive loan origination system (LOS) that supports the retail, wholesale and consumer-direct lending channels. Empower’s robust features and functionality help lenders increase efficiencies, maintain regulatory compliance, mitigate risk and improve customer service....
05/08/2017 Black Knight Financial Services, Inc. Announces Pricing of Secondary Common Stock Offering
Black Knight Financial Services, Inc. (NYSE:BKFS), (the “Company” or “Black Knight”) announced today the pricing of an underwritten secondary offering of 5,000,000 shares of its Class A common stock by affiliates of Thomas H. Lee Partners, L.P. (the “Selling Stockholders”) pursuant to a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”). The Selling Stockholders in the offering have granted the underwriter an option to purchase up to 750,000 additional shares. The Selling Stockholders will receive all of the proceeds from this offering. No shares are being sold by management or the Company. J.P. Morgan Securities LLC acted as the sole underwriter for the offering. An automatic shelf registration statement (including a prospectus) relating to the offering of the Class A common stock was filed with the SEC on May 8, 2017 , and became effective upon filing. Before you invest, you should read the prospectus included in that registration...
05/08/2017 Black Knight Financial Services, Inc. Announces Secondary Common Stock Offering
Black Knight Financial Services, Inc. (NYSE:BKFS), (the “Company” or “Black Knight”) announced today that affiliates of Thomas H. Lee Partners, L.P. (the “Selling Stockholders”), intend to offer for sale in an underwritten secondary offering of 5,000,000 shares of the Class A common stock of the Company, pursuant to a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”). The Selling Stockholders in the offering have granted the underwriter an option to purchase up to 750,000 additional shares. The Selling Stockholders will receive all of the proceeds from this offering. No shares are being sold by management or the Company.  J.P. Morgan Securities LLC will act as the sole underwriter for the offering. An automatic shelf registration statement (including a prospectus) relating to the offering of the Class A common stock was filed with the SEC on May 8, 2016 , and became effective upon filing. Before you invest, you should read the...
05/03/2017 Black Knight Financial Services Reports First Quarter 2017 Financial Results
Revenues increased 7% to $258.1 million, and Adjusted Revenues increased 6% to $259.5 million Net Earnings Attributable to Black Knight Financial Services, Inc. of $12.2 million, or $0.18 per diluted share, and Adjusted Net Earnings of $45.3 million, or $0.30 per diluted share Adjusted EBITDA increased 8% to $119.4 million, with an Adjusted EBITDA Margin of 46.0% Black Knight Financial Services, Inc. (NYSE:BKFS), a leading provider of technology, data and analytics solutions to the nation's top mortgage lenders and servicers, today announced financial results for the first quarter ended March 31, 2017. Revenues for the first quarter of 2017 increased 7% to $258.1 million from $241.9 million in the prior year quarter. Net earnings attributable to Black Knight Financial Services, Inc. for the first quarter of 2017 were $12.2 million, or $0.18 per diluted share, compared to $11.4 million, or $0.17 per diluted share, in the prior year quarter. Earnings before income taxes for the...
05/03/2017 Regions Bank Signs Agreement to Add Bank’s Home Equity Lines and Loans to Black Knight’s LoanSphere MSP; Renews MSP Contract to Process First Mortgages
Regions Bank Will Also Use LoanSphere Empower LOS Functionality to Originate Home Equity Loans Regions Bank has renewed its contract for MSP to service its mortgage loans, as well as its portfolio of home equity lines and loans, which are being converted to MSP from another servicing platform. MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default, for first mortgages and home equity loans. Regions Bank also uses Black Knight’s Empower loan origination system to originate first mortgages and will use the Empower LOS functionality to originate home equity loans. Regions is a Black Knight enterprise client, a designation for clients that use the majority of the Black Knight LoanSphere platform. Black Knight Financial Services, Inc. (NYSE:BKFS), a leading provider of technology, data and analytics to the mortgage industry, announced today that Regions Bank , one of the nation’s top 20 banks, has...
05/02/2017 Black Knight Data & Analytics Hires Dave Hurt to Lead Business Development for Its Capital Markets and Government Solutions
Hurt has extensive experience in mortgage primary and secondary markets as both a vendor and a mortgage practitioner Hurt will work with Black Knight’s sales teams to develop new and existing client relationships
Dave Hurt has joined the Data & Analytics division of Black Knight Financial Services to lead business development activities in the capital markets and government sectors.                     JACKSONVILLE, Fla., May 02, 2017 (GLOBE NEWSWIRE) - Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE:BKFS) announced that Dave Hurt has joined the company to lead business development activities in the capital markets and government sectors. In this role, he will work with Black Knight’s sales teams to develop new and existing client relationships. Hurt is a recognized industry professional, and has been a frequent speaker on topics such as...
05/01/2017 Black Knight’s Mortgage Monitor: 19 Percent of Active HELOCs Are Scheduled to Reset in 2017; Represents Final Wave of Pre-Crisis Home Equity Lines
More than 1.5 million home equity lines of credit (HELOCs) will see interest-only draw periods end in 2017, with payments becoming fully amortizing, roughly 100,000 less than in 2016 Just under $100 billion in outstanding unpaid principal balances (UPB) on HELOCs are facing resets in 2017, with an average $62,500 UPB per line of credit On average, HELOC borrowers whose lines reset in 2017 will see payment increases of $250 per month, more than doubling current average monthly payments One in five borrowers facing HELOC resets in 2017 have less than 10 percent equity in their homes, making refinancing problematic; this represents a decline from 31 percent of borrowers facing resets last year Recent interest rate declines have increased the refinanceable population to 4.1 million, a 46 percent increase from mid-March and the highest point yet in 2017 Interest rate fluctuations have caused the refinanceable population to increase or decrease by as much as 20 percent from week to week...
04/26/2017 Black Knight Financial Services Announces Second Amendment to Its Credit and Guaranty Agreement and Redemption of 5.75% Senior Notes due 2023
Black Knight Financial Services, Inc. (NYSE:BKFS) ("Black Knight") today announced that its indirect subsidiary Black Knight InfoServ, LLC (the "Borrower") entered into a second amendment to its senior secured credit facility (the "Second Amendment") and completed the redemption of its 5.75% Senior Notes due 2023 (the “Redemption”). Pursuant to the Second Amendment, (i) the aggregate principal amount of the term A loan facility is increased by $300.0 million to $1,030.0 million, (ii) the aggregate commitments under the revolving credit facility are increased by $100.0 million to $500.0 million and (iii) the maturity date applicable to both the term A loan facility and revolving credit facility is extended by approximately two years to February 25, 2022. In addition, the Second Amendment reduces (i) the pricing applicable to loans under each of the term A loan facility and revolving credit facility by 25 basis points and (ii) the...
04/25/2017 Black Knight Financial Services to Integrate LoanSphere Empower LOS and LoanSphere Expedite Portal with Docutech’s Robust Solex e-Sign Solution   
Black Knight Financial Services, Inc. (NYSE:BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced that its LoanSphere Empower loan origination system (LOS) and LoanSphere Expedite Portal will be integrated with Solex, a mobile-capable e-sign solution designed to support digital mortgage capabilities. Solex is delivered by Docutech , a leading provider of compliance and document technology solutions for mortgage, home equity and consumer lending. The integration with Empower and the suite of e-mortgage solutions available in the Expedite Portal provides users with a more flexible and convenient electronic closing experience. “Docutech is dedicated to providing lenders with an easy-to-use, comprehensive e-sign process that will enable them to manage their document needs more efficiently while maintaining the highest level of compliance and showing their customers a more modernized loan experience,” said Ty...
04/24/2017 Black Knight and Lender Price Introduce a Point-of-Sale Digital User Interface
Provides Consumers and Loan Officers With a Digital Lending Experience Black Knight’s LoanSphere Empower LOS will be seamlessly integrated with Lender Price’s Point-of-Sale (POS) product to enable clients to offer consumers the ability to apply for loans from almost any mobile device. The integration with Lender Price will support a comprehensive digital strategy, including access to income and asset validation services, as well as the ability to pre-populate loan application data from origination and servicing systems, such as Empower and LoanSphere MSP, as well as from Black Knight’s extensive public records database. Black Knight Financial Services, Inc. (NYSE:BKFS), a leading provider of technology, data and analytics to the mortgage industry, announced that it is working with Lender Price to offer a consumer-facing interface that will deliver a digital loan application process. Through Black Knight’s integration with Lender Price’s advanced digital user interface and other...
04/24/2017 Black Knight Home Price Index Report: U.S. Home Prices Hit New Peak in February, Rising 0.8 Percent for the Month, Up 5.7 Percent Year-Over-Year
At $268K , the national-level HPI hit a new post-crisis peak in February, marking a 1.0 percent gain in home prices since the start of the year Washington led all states in monthly appreciation, with home prices there rising 2.2 percent, followed by Colorado and Oregon with 1.6 and 1.5 percent growth, respectively Seattle’s 2.7 percent monthly appreciation was the most of any metropolitan area; San Jose, Calif. , Denver, Colo. , and Bellingham, Wash. , also saw monthly price gains of two percent or higher In addition to securing the top spots on both the best-performing state and metropolitan area lists this month, Washington also accounted for six of the 10 best-performing metros in the country For the third consecutive month, Tuscaloosa, Ala. , was once again the worst-performing metropolitan area, with prices falling 4.7 percent in February – more than eight times the decline of the next worst-performing metro Home prices in six of the nation’s 20 largest states and 14 of the 40...
04/21/2017 Black Knight’s First Look at March 2017 Mortgage Data: Delinquency Rate Drops to 11-Year Low; Prepayments Up 20 Percent from February’s Three-Year Low
Delinquencies declined 14 percent month-over-month, hitting their lowest level since March 2006 and the fourth lowest point since the turn of the century Total non-current inventory – all loans 30 days or more past due or in active foreclosure – fell below 2.3 million, the lowest volume in 11 years After hitting a three-year low in February, prepayment speeds (historically a good indicator of refinance activity) rose 20 percent in March; still 26 percent below last year’s level Foreclosure starts were up 4.15 percent for the month, but Q1 2017’s 189,000 starts represented an 18 percent decline from Q1 2016 The Data & Analytics division of Black Knight Financial Services, Inc.  (NYSE:BKFS) reports the following “first look” at March 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.62%...
04/20/2017 Black Knight Financial Services Adds New Digital Framework to Its LoanSphere Empower Loan Origination System
New Representational State Transfer Application Program Interface (REST API) framework enables lenders to provide consumers and loan officers access to Empower functionality and data from any mobile device. Black Knight’s REST API technology will be integrated into Empower so it can be managed using controls in the LOS. The new digital framework enhances the user experience and simplifies the mortgage origination process for consumers and lenders. JACKSONVILLE, Fla. , April 20, 2017 (GLOBE NEWSWIRE) - LoanSphere Empower, a comprehensive loan origination system (LOS) from Black Knight Financial Services, Inc. (NYSE:BKFS), now features a new, easy-to-use Representational State Transfer Application Program Interface (REST API) framework that enables lenders to provide digital capabilities to consumers and loan officers with the ability to interact with Empower data and other LOS capabilities from internet-enabled devices, such as tablets, smartphones or laptops, without needing to...
04/05/2017 Black Knight Financial Services Announces First Quarter 2017 Earnings Release and Conference Call
Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics solutions to the nation's top mortgage lenders and servicers, will release first quarter 2017 earnings after the close of regular market trading on May 3, 2017 . A conference call to discuss its results will follow at 5:00 p.m. Eastern Time that same day. Those wishing to participate via the webcast should access the call through Black Knight's Investor Relations website at http://investor.bkfs.com. Those wishing to participate via the telephone may dial in at 877-407-4018 (USA) or 201-689-8471 (International). The conference call replay will be available via webcast through Black Knight's Investor Relations website at http://investor.bkfs.com. The telephone replay will be available from 8:00 p.m. Eastern Time on May 3, 2017, through May 10, 2017, by dialing 844-512-2921 (USA) or 412-317-6671 (International). The replay passcode will be 13659504. About Black Knight...
04/03/2017 Black Knight's Mortgage Monitor: Tappable Equity Hit $4.7 Trillion in 2016, Highest Since 2006; 44 Percent of Q4 Refis Were Cash-Outs, Most Equity Drawn in Eight Years
- Annual home price appreciation of 5.5 percent in 2016 helped raise number of U.S. mortgage holders with tappable equity to 39.5 million - 68 percent of tappable equity belongs to borrowers with current interest rates below today's 30-year interest rate; 78 percent belongs to borrowers with credit scores of 720 or higher - $31 billion in equity extracted via cash-out refinances in Q4 2016 was up eight percent from Q3 and 50 percent year-over-year - Resulting post-cash-out refinance loan-to-value (LTV) ratio of 65.6 percent was lowest on record, with an average credit score of 750 Today, the Data & Analytics division of Black Knight Financial Services , Inc. (NYSE: BKFS) released its latest Mortgage Monitor Report , based on data as of the end of February 2017 . This month, Black Knight revisited the equity landscape, finding that continued annual home price appreciation at the national level has helped to both further drive down the number of underwater borrowers and increase the...
03/27/2017 Black Knight Financial Services Announces Planned Redemption of Its 5.75% Senior Notes Due 2023
  Black Knight Financial Services, Inc. (NYSE: BKFS) ("Black Knight") today announced that its indirect subsidiaries, Black Knight InfoServ, LLC and Black Knight Lending Solutions, Inc. (together, the "Issuers") have delivered a conditional notice of redemption to holders of their outstanding 5.75% Senior Notes due 2023 (the "Notes") subject to the satisfaction of the Condition (as defined below). The redemption of the Notes is expected to occur on April 26, 2017 (the "Redemption Date"). Subject to the satisfaction of the Condition, the Issuers intend to redeem the Notes at a price equal to 100% of the principal amount of the Notes redeemed, plus the Applicable Premium (as defined below), plus accrued and unpaid interest, if any, to the Redemption Date (the "Redemption Price"). The aggregate principal amount outstanding of the Notes is $390.0 million. The "Applicable Premium" will be the greater of (1) 1.0% of the principal amount of the Notes redeemed on the Redemption Date, and...
03/27/2017 Black Knight Home Price Index Report: January 2017 Transactions -- U.S. Home Prices Up 0.1 Percent for the Month; Up 5.4 Percent Year-Over-Year
- U.S. home prices at the start of 2017 continued the trend of incremental monthly gains, rising 0.1 percent from December - New York continues to lead the states on a monthly basis, with prices rising 1.3 percent there in January, more than double the rate of appreciation of the next best-performing state - The New York City metro area was the month's best-performing metro, with prices rising 1.3 percent, followed by Seattle and San Jose, each up 0.8 percent from December - After home prices fell 3.2 percent last month, Tuscaloosa, Ala. , was once again the worst-performing metro area in January; with prices falling another 4 percent in January, Alabama became the worst-performing state for the month - Home prices in three of the nation's 20 largest states and nine of the 40 largest metros hit new peaks Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Home Price Index (HPI) report, based on January 2017 residential...
03/23/2017 Black Knight Financial Services' First Look at February Mortgage Data: Prepayment Activity Continues to Decline, Down 40 Percent So Far in 2017
- Prepayment speeds (historically a good indicator of refinance activity) declined 15 percent in February, marking a 40 percent overall year-to-date decline and the lowest monthly rate in three years - Delinquencies continued their seasonal decline, ticking down .98 percent from January - Foreclosure starts fell 18 percent from last month to 31 percent below last year's levels - Active foreclosure inventory now stands at 470,000, the lowest such level since June 2007 The Data & Analytics division of Black Knight Financial Services , Inc. (NYSE: BKFS) reports the following "first look" at February 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 4.21% Month-over-month change: -0.98% Year-over-year change: -5.51% Total U.S. foreclosure pre-sale inventory rate: 0.93%
Month-over-month change:...
03/21/2017 Black Knight Enhances AFT Prepayment and Credit Model to Support Growth in Reverse Mortgages and Home Equity Lines of Credit
- The latest version of the AFT Prepayment and Credit Model includes Black Knight's first available commercial Home Equity Conversion Mortgage (HECM) borrower behavioral model for investors, lenders and servicers - Demographic and economic changes suggest continued expansion of HECM market; Ginnie Mae HECM securities market share likely to experience continued growth as well - Increased levels of equity among homeowners present opportunity for home equity lines of credit (HELOC) lending - Newest AFT model version includes expanded mortgage product-type coverage, while maintaining industry-leading accuracy and flexibility  Today, the Data & Analytics division of Black Knight Financial Services , Inc. (NYSE: BKFS) updated its AFT Prepayment and Credit Model (AFT), a comprehensive competing risk model that calculates prepayment, default and loss probabilities for a holistic view of mortgage performance. The latest updates to AFT expand the borrower behavioral model to include...
03/20/2017 Black Knight's Paragon MLS System Achieves First-Place Rating for Fifth Straight Year in Annual Clareity MLS Customer Satisfaction Survey
- Paragon scored highest for overall satisfaction of both end-users and MLS staff for systems used by 10 or more MLS organizations. - Paragon scored positive ratings of 90 percent or more for most areas measured by the survey. - Respondents' favorite enhancements include the Collaboration Center portal and Paragon for Brokers (P4B).   Paragon MLS , the flagship multiple listing service (MLS) system from Black Knight Financial Services (NYSE: BKFS), earned top honors again in the 16 th annual Clareity MLS Customer Satisfaction Survey , capturing first-place ratings for the fifth consecutive year among vendors/systems used by 10 or more MLS organizations. Clareity Consulting conducted its survey between January and February 2017 and received feedback from 223 MLS organizations representing 1,044,947 subscribers nationwide. Respondents rated MLS systems on key metrics for customer satisfaction, including system performance and uptime, technical support, vendor responsiveness and...
03/16/2017 Black Knight Financial Services Launches LoanSphere Empower Now!, Enabling Lenders to Implement a World-Class Loan Origination System in Less Time and at a Reduced Cost
Black Knight to Introduce New Offering at the MBA's National Technology in Mortgage Banking Conference - Empower Now! platform supports lenders' growth. - Empower Now! enables regional and mid-market lenders, as well as independent mortgage bankers, to implement capabilities of Empower in less time, at a lower cost and in a more streamlined process. - Empower Now! is completely scalable, eliminating the need for lenders to convert to a new system as their business grows. - Because Empower Now! is seamlessly integrated with Black Knight's world-class MSP servicing system, lenders of all sizes can benefit from Black Knight's end-to-end technology platform. - Empower Now! includes integrated digital technology, powerful business intelligence solutions, e-sign and e-deliver capabilities, data and analytics tools, and standard integrations to third parties. Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage...
03/13/2017 MBA Appoints Black Knight's Andy Crisenbery to MISMO® Board of Directors; Randy Poirier Elected Chair of Residential Standards Governance Committee
Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that The Mortgage Bankers Association (MBA), parent corporation of the Mortgage Industry Standards Maintenance Organization (MISMO), appointed Andy Crisenbery to the MISMO board of directors. As Black Knight's senior vice president, managing director of eLending Solutions, Crisenbery oversees key operations of the company's eLending product suite. He has been involved with MISMO for several years, helping to create and lead the Membership and Revenue Committee. The MISMO board of directors, which represents a cross-section of the real estate finance industry that manages and directs MISMO's business and affairs, consists of representatives from the residential and commercial mortgage industry who serve two-year terms. Randy Poirier , Black Knight's vice president of Data Solutions, will join Andy on the MISMO...
03/09/2017 Black Knight Financial Services Enhances LoanSphere MSP Servicing System, Offers Resources to Support Clients With Fannie Mae's Investor Reporting Changes
- New MSP system enhancement helps clients meet Fannie Mae's changes to its investor reporting process, which went into effect Feb. 1, 2017. - The new reporting requirements replaced the Single-Family MBS "call-in" requirement for monthly pool balance reporting and changed the reporting from monthly to daily. - Black Knight also offers MSP clients educational resources to explain new system features and has a team of experienced consultants to help align processes and procedures to Fannie Mae's new requirements.   Black Knight Financial Services, Inc. (NYSE: BKFS) has made significant updates to LoanSphere MSP, its industry-leading loan servicing platform, to help clients meet Fannie Mae's changes to the investor reporting process that went into effect Feb. 1, 2017. The changes eliminated the Single-Family mortgage-backed security (MBS) "call-in" requirement for monthly pool balance reporting, and changed the loan-level reporting for all loans from a monthly to a daily reporting...
03/06/2017 EverBank Signs 5-Year Contract Renewal for LoanSphere MSP, Black Knight Financial Services' End-to-End Loan Servicing System
MSP provides the scalability, features and functionality to support EverBank's expected future growth. EverBank uses MSP to service its mortgage loans and is Black Knight's longest-tenured MSP client. MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default, for first mortgages and home equity loans. EverBank will also be implementing Black Knight's Lien Alert solution, and will continue to use Black Knight's LoanSphere Foreclosure, LoanSphere Bankruptcy and LoanSphere Invoicing solutions. Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that EverBank has renewed for another five years its long-term contract for LoanSphere MSP, Black Knight's premier mortgage and home equity loan servicing system. The company is also implementing Black Knight's Lien Alert solution and will continue to use...
03/06/2017 Black Knight's Mortgage Monitor: Strong Q4 Pushes 2016 Originations to Highest Level in Nine Years; Reperforming Loan Population Sits at Nearly Two Million
-  $2.1 trillion in first lien mortgages originated in 2016 represented a 17 percent increase over 2015; refinance lending was up 22 percent, while purchase originations rose 13 percent -  Purchase lending hit its highest level since 2006 at $1.1 trillion ; still roughly 28 percent off 2005's peak volume -  Nearly $300 billion in refinance originations in Q4 2016 mark a 58 percent increase over the same period in 2015 -  Four percent of performing mortgages have been 120+ days delinquent or in foreclosure at some point in the past -  Nearly 60 percent of reperforming loans (RPLs) have been reperforming for 24 months or more, as compared to compared to 54 percent one year ago and 34 percent at the end of 2012 -  The average RPL today has been reperforming for 35 months, up from an average of 12 months at the end of 2010 Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Mortgage Monitor...
02/27/2017 Black Knight Financial Services Completes Repricing of Its $394 Million Senior Secured Term Loan B Facility
  Black Knight Financial Services, Inc. (NYSE: BKFS) ("Black Knight") today announced that it has completed the repricing of its existing $394 million "Term Loan B" under its senior secured credit facility (the "Repricing"). The "Term Loan B" facility was repriced from 300 basis points to 225 basis points over LIBOR. The LIBOR floor remains at 75 basis points. The repriced loans continue to be due in full on May 27, 2022 . In conjunction with the Repricing, Black Knight's lenders consented to the previously announced tax-free distribution in which Fidelity National Financial, Inc. intends to distribute (together with the other transactions related thereto, the "Black Knight Distribution") all 83.3 million shares of Black Knight common stock that it currently owns to FNF Group (NYSE: FNF) shareholders. Forward-Looking Statements This communication contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts,...
02/27/2017 Black Knight Home Price Index Report: December 2016 Transactions -- U.S. Home Prices Up 0.1 Percent for the Month; Up 5.7 Percent Year-Over-Year
- U.S. home prices rose a total of 5.7 percent in 2016, having seen an average of 5.4 percent annual appreciation each month of the year, accelerating into the later months - New York continues to outperform, leading all states in monthly home price appreciation for the sixth consecutive month and accounting for eight of the 10 best-performing metros - Michigan saw prices fall 0.7 percent in December - the most negative movement among all the states - and accounted for eight of the month's 10 worst-performing metros - Home prices in four of the nation's 20 largest states and seven of the 40 largest metros hit new peaks  Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Home Price Index (HPI) report, based on December 2016 residential real estate transactions. The Black Knight HPI utilizes repeat sales data from the nation's largest public records data set, as well as its market-leading, loan-level mortgage...
02/23/2017 Black Knight Financial Services Implements Fee Service Solution to Verify Fee Quotes for Loan Estimate and Closing Disclosure
- New capability within LoanSphere Exchange will automatically deliver from all 50 states fee quotes that are more up-to-date than internally maintained fee tables - The solution helps reduce the risk of using outdated resources by eliminating the need to internally maintain accurate fee tables - Fee Service capabilities also include a tax solution that instantly delivers estimated property taxes using sophisticated estimation methods Black Knight Financial Services (NYSE: BKFS) announced today that a Fortune 500 provider of diversified financial services has implemented the LoanSphere Exchange - Fee Service capability. The solution automatically delivers fee quotes, which are required to generate the Loan Estimate and Closing Disclosure, from all 50 states for delivery greater accuracy than internally maintained fee tables can offer. Fee Service is available through Black Knight's Exchange, an open technology platform that provides integration, data management, decisioning support...
02/23/2017 Black Knight Financial Services' First Look at January Mortgage Data: Impact of Rising Rates Felt as Prepayments Decline by 30 Percent in January
- Prepayment speeds (historically a good indicator of refinance activity) declined by 30 percent in January to the lowest level since February 2016 - Delinquencies improved by 3.9 percent from December and were down 17 percent from January 2016 - Foreclosure starts rose 18 percent for the month; January's 70,400 starts were the most since March 2016 - 2.6 million borrowers are behind on mortgage payments, the lowest number since August 2006, immediately following the pre-crisis national peak in home prices The Data & Analytics division of Black Knight Financial Services , Inc. (NYSE: BKFS) reports the following "first look" at January 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 4.25% Month-over-month change: -3.85% Year-over-year change: -16.57% Total U.S. foreclosure pre-sale inventory rate:...
02/15/2017 Black Knight Launches iOnTitle, an Advanced Risk Mitigation Tool to Help Title Companies Identify Potential Liabilities and Reduce Title Insurance Claims
- Leverages rich and proprietary title plant data and applies advanced analytics to discover potential liabilities - Automatically alerts users when potential risk is detected - Reduces the time and money spent on correcting manual errors - Available in TitlePoint, Black Knight's powerful, web-based title search and order management solution   Black Knight Financial Services (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, today announced the launch of iOnTitle, an advanced risk mitigation tool that helps title companies identify potential liabilities and reduce title insurance claims. The iOnTitle solution is offered in TitlePoint, Black Knight's automated, web-based, title search and order management application that enables title companies to perform high-volume, comprehensive title searches; streamline order-management workflow; and easily produce examination-ready search packages. iOnTitle also offers...
02/14/2017 The Huntington National Bank Signs A Multi-Year Contract Renewal for LoanSphere MSP, Black Knight Financial Services' Loan Servicing Platform
- The multi-year contract renewal includes use of Black Knight's MSP platform to manage Huntington's mortgage and home equity loans on one platform. - MSP delivers a single solution to identify new lending opportunities and improve risk management. - MSP is currently used to service more than 30 million loans and offers a comprehensive, customer-centric platform that supports first mortgage loans as well as home equity products.   Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that The Huntington National Bank , a primary subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN), has signed a multi-year contract extension for LoanSphere MSP, Black Knight's industry-leading mortgage and home equity loan servicing platform. Huntington uses Black Knight's servicing platform to help reduce operational costs, maximize efficiencies, improve customer...
02/09/2017 Black Knight Financial Services Announces Intention to Reprice Existing $394 Million Senior Secured Term Loan B Facility
JACKSONVILLE, Fla. – Feb. 9, 2017 – Black Knight Financial Services, Inc. (NYSE: BKFS) (“Black Knight”) today announced that, subject to market conditions, it is seeking to reprice its existing approximately $394 million “Term Loan B” under its senior secured credit facility. In conjunction, Black Knight will ask its lenders to consent to the previously announced tax-free distribution in which Fidelity National Financial, Inc. intends to distribute (together with the other transactions related thereto, the “Black Knight Distribution”) all 83.3 million shares of Black Knight common stock that it currently owns to FNF Group (NYSE:FNF) stockholders. Black Knight anticipates that the repricing and consent solicitation will be completed within the next two weeks.  However, there can be no assurance that Black Knight will be able to complete the repricing and consent solicitation. Forward-Looking Statements This communication contains forward-looking statements that involve a number of...
02/08/2017 Black Knight Financial Services to Present at the Goldman Sachs Technology and Internet Conference
JACKSONVILLE, Fla. – Feb. 8, 2017 – Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of technology, data and analytics solutions to the nation's top mortgage lenders and servicers, today announced that Executive Vice President and Chief Financial Officer Kirk Larsen will present at the Goldman Sachs Technology and Internet Conference at the Palace Hotel in San Francisco, California, on Wednesday, Feb. 15, 2017, at approximately 3:20 p.m. Pacific Time. A live webcast and replay of the presentation will be available through Black Knight's Investor Relations website at http://investor.bkfs.com . About Black Knight Financial Services, Inc.  Black Knight (NYSE: BKFS) is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle. Black Knight is committed to being the premier business partner that lenders and servicers rely on to achieve their strategic...
02/08/2017 RoundPoint Extends Contract for LoanSphere MSP, Black Knight Financial Services' End-to-End Loan Servicing System
- MSP provides the scalability, features and functionality to support RoundPoint's servicing operations and compliance requirements. - RoundPoint has been using MSP for more than eight years. - MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default.   Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that RoundPoint Mortgage Servicing Corporation , one of the nation's largest non-bank mortgage servicing companies, has renewed its contract for LoanSphere MSP, Black Knight's industry-leading loan servicing system. RoundPoint Mortgage Servicing Corporation is a fully licensed, national mortgage servicer approved by Fannie Mae , Freddie Mac and the U.S. Department of Housing and Urban Development (HUD). Black Knight's MSP platform is a complete, scalable, end-to-end system used by...
02/07/2017 Evergreen Home Loans Signs Contract with Black Knight Financial Services to Implement the LoanSphere MSP Loan Servicing System
- Evergreen Home Loans offers its customers a complete suite of end-to-end solutions that includes origination, funding and loan servicing. - Black Knight's LoanSphere MSP system was chosen for its enhanced functionality to support Evergreen Home Loans in providing an exceptional customer experience. - MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default. - Evergreen Home Loans will also use Black Knight's Lien Alert solution, which is integrated with MSP, to help them proactively manage risk and improve decision-making; and will have access to Black Knight's McDash Standard Industry Reports.   Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that Evergreen Home Loans , a full-service direct lender with regional offices throughout the Western United States , has signed a contract...
02/06/2017 Black Knight's Mortgage Monitor: Historical Data Suggests Up to 300,000 Delinquent Borrowers May Use Tax Refunds to Pay Mortgages Current; Affordability Suffers from Rate Increases
- Internal Revenue Service data shows that most tax refunds are distributed in February and March, well before the tax deadline - In recent years, nearly 300,000 additional borrowers paid their mortgages current in February and March alone, on top of normal monthly cure activity - At 40 percent, FHA/VA loans see the most pronounced spike in tax season cures, with early and moderate stage delinquencies seeing the greatest impact - Interest rate increases have made housing the least affordable it has been since 2010; it now takes 22.2 percent of median income to purchase the median-priced home - Q4 2016 saw a 10 percent rise in the principal and interest payment required to purchase the median-priced home Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Mortgage Monitor Report , based on data as of the end of December 2016 . This month, Black Knight examined Internal Revenue Service ( IRS ) tax filing statistics in...
02/01/2017 Black Knight Financial Services Announces Three-Year 10 Million Share Repurchase Program
  Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that its Board of Directors has authorized a three-year share repurchase program, effective February 3, 2017 , under which the Company may repurchase up to 10 million shares of its Class A common stock. The timing and volume of share repurchases will be determined by the Company's management based on its ongoing assessments of the capital needs of the business, the market price of its common stock and general market conditions. The repurchase program authorizes the Company to purchase its common stock from time to time through February 2, 2020 , through open market purchases, negotiated transactions or other means, in accordance with applicable securities laws and other restrictions. About Black Knight Financial Services, Inc. Black Knight Financial Services, Inc. (NYSE: BKFS) is a leading provider of...
02/01/2017 Black Knight Financial Services Reports Fourth Quarter and Full Year 2016 Financial Results
Full Year 2016 - Revenues increased 10% to $1,026.0 million, and Adjusted Revenues increased 10% to $1,033.3 million - Net Earnings Attributable to Black Knight Financial Services, Inc. of $45.8 million, or $0.67 per diluted share, and Adjusted Net Earnings of $175.4 million, or $1.15 per diluted share - Adjusted EBITDA increased 12% to $463.1 million, with an Adjusted EBITDA Margin of 44.8% Fourth Quarter 2016 - Revenues increased 10% to $261.5 million, and Adjusted Revenues increased 10% to $263.0 million - Net Earnings Attributable to Black Knight Financial Services, Inc. of $11.8 million, or $0.17 per diluted share, and Adjusted Net Earnings of $45.2 million, or $0.30 per diluted share - Adjusted EBITDA increased 8% to $116.7 million, with an Adjusted EBITDA Margin of 44.4%   Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of technology, data and analytics solutions to the nation's top mortgage lenders and servicers, today announced financial results...
02/01/2017 MUFG Union Bank Agrees to Implement Black Knight's LoanSphere Data Hub for Actionable Insight Into Its Business
  Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that MUFG Union Bank , one of the world's leading financial groups, has agreed to implement Black Knight's LoanSphere Data Hub to provide broader and deeper insight into the bank's mortgage portfolio to help reduce operational risk and improve efficiency. "We are excited about further expanding our relationship with Black Knight and taking advantage of the multiple opportunities our business will receive by incorporating the Data Hub into our company's data strategy," said Jim Francis , head of Consumer Lending for MUFG Union Bank . "By centralizing our data and then leveraging new capabilities, we will create deeper levels of information into our operations to gain greater insight." As an example, Data Hub can help clients identify when a bank customer's home is put on the market and automatically notify...
01/31/2017 Cenlar FSB Signs Five-Year Renewal with Black Knight Financial Services for Continued Use of LoanSphere MSP Loan Servicing System
- MSP provides the scalability to accommodate Cenlar's dynamic growth, as well as enhanced functionality to support its compliance efforts - MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default - Cenlar will also begin using Black Knight's Lien Alert solution, which will automatically notify Cenlar when key lien-related indicators are triggered within specified loans or portfolios Black Knight Financial Services, Inc. (NYSE:BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that Cenlar FSB , the nation's leading residential mortgage subservicer, has signed a five-year renewal for LoanSphere MSP,  Black Knight's industry-leading loan servicing system. MSP is a complete, scalable, end-to-end system used by financial institutions to manage all servicing processes, including loan setup and maintenance, escrow administration,...
01/30/2017 Black Knight Home Price Index Report: November 2016 Transactions -- U.S. Home Prices Up 0.2 Percent for the Month; Up 5.7 Percent Year-Over-Year
- After rising 5.7 percent from the start of 2016, U.S. home prices are now within just 0.3 percent of a new national peak - For the fifth straight month, New York led all states in monthly home price appreciation, seeing 1.1 percent growth from October 2016 - Though New York City was the best-performing metro area, Florida and Tennessee dominated the rest of the Top 10 list, together accounting for eight of the 10 best-performing metros - Of the nation's 40 largest metros, only St. Louis, Mo., saw negative year-to-date home price movement through November 2016 - Home prices hit new peaks in six of the nation's 20 largest states and eight of the 40 largest metros Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Home Price Index (HPI) report, based on November 2016 residential real estate transactions. The Black Knight HPI utilizes repeat sales data from the nation's largest public records data set, as well as its...
01/27/2017 Black Knight Completes Successful, On-Time Year-End Processing for Nearly 45 Million Loans Held by 67 Clients
  Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today the successful completion of year-end loan processing for its mortgage and consumer loan servicing clients on schedule. All month-end, quarter-end and year-end processing - a record of nearly 45 million loans for 67 servicing clients - was completed by early morning on Jan. 1, 2017 . This year-end processing was completed for all active and inactive loans serviced using LoanSphere MSP, Black Knight's loan servicing system, and processed in Black Knight's data center. Year-end loan processing is a critical annual project for Black Knight's servicing clients, which are required to annually report prior-year account information to borrowers to meet regulations for the Internal Revenue Service and other government agencies, as well as to meet internal reporting requirements. Black Knight employees from...
01/26/2017 Webster Bank Continues Longtime Use of LoanSphere MSP, Black Knight Financial Services' End-to-End Loan Servicing System
- MSP provides the scalability to accommodate Webster Bank's unique growth strategies, as well as the enhanced functionality to support compliance - Webster Bank has used MSP for over 12 years - MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default   Black Knight Financial Services, Inc. (NYSE: BKFS), a premier provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that Webster Bank (NYSE: WBS), a leading regional bank living up to consumers, businesses and the community since 1935, has agreed to continue its use of LoanSphere MSP, Black Knight's industry-leading loan servicing system. MSP is a complete, scalable, end-to-end system used by financial institutions to manage all servicing processes on a single, comprehensive platform, including loan setup and maintenance, payment processing, escrow administration, investor reporting, regulatory...
01/24/2017 Black Knight Financial Services Enhances Its LoanSphere Empower Loan Origination System to Provide Additional Integrations to Support Fraud Protection, Vendor Vetting and Compliance
- LoanSphere Empower will be integrated with PitchPoint Solutions' fraud detection and vendor management capabilities in second quarter 2017 - Lenders that use Empower will be able to seamlessly access PitchPoint Solutions services to help prevent fraud schemes, as well as vet third-party providers - The newly integrated solution will be used by lenders to help with settlement agent verification, wire-transfer fraud detection and to better manage risk detection   Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that its LoanSphere Empower loan origination system will be integrated with PitchPoint Solutions by the second quarter of 2017. PitchPoint is a leading provider of mortgage fraud risk services. The integration will enable Empower users to seamlessly access PitchPoint's tools to help detect fraud schemes, as well as vet third-party providers on...
01/23/2017 Black Knight Financial Services' First Look at December 2016 Mortgage Data: Foreclosure Rate Fell by 30 Percent in 2016, Most Improvement Of Any Year on Record
- The inventory of loans in active foreclosure nationwide declined by more than 200,000 in 2016 - Delinquencies were down 0.91 percent from November 2016 and 7.5 percent from December 2015 - December's 59,700 foreclosure starts represented a 24 percent decline from the same time last year - Pre-payment activity continues to slow, down 5.5 percent from November The Data & Analytics division of Black Knight Financial Services , Inc. (NYSE: BKFS) reports the following "first look" at December 2016 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 4.42% Month-over-month change: -0.91% Year-over-year change: - 7.49% Total U.S. foreclosure pre-sale inventory rate: 0.95%
Month-over-month change: -3.29%
Year-over-year change: - 30.53% Total U.S. foreclosure starts: 59,700 Month-over-month change:...
01/18/2017 Black Knight Financial Services Awarded a WorldatWork 2017 Seal of Distinction for Workplace Excellence, Successful Employee Programs and Policies
- Seal of Distinction honorees set the standard for employee engagement that leads to business success and reputations as employers of choice - Thousands of survey participants ranked employers in their industry sectors on the overall strength of their work-life programs, policies and practices - Seal of Distinction organizations meet defined standards of workplace programs, policies and practices weighted on several factors, such as the complexity of implementation, required organizational resources, perceived breadth of access and overall level of commitment from leadership   Black Knight Financial Services , Inc. (NYSE: BKFS) announced today it has been awarded a WorldatWork Seal of Distinction for 2017. The seal is a unique mark of excellence designed to identify organizations that are leading the change in today's workplace by creating and implementing successful work-life standards and total rewards effectiveness to help optimize employee engagement. Black Knight is one of...
01/11/2017 Black Knight's Lien Alert Portfolio Monitoring Tool is Now Integrated with LoanSphere MSP to Help Mortgage Servicers Proactively Protect Their Portfolios
- Unique integration of Black Knight's Lien Alert solution with the LoanSphere MSP servicing system provides information about changes in the status of loans in a client's portfolio - The solution, delivered only by Black Knight, helps servicers proactively manage risk and improve decision-making - Client-defined criteria drive actionable workflow in Black Knight's MSP, based on the type of alert received and action required Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that its Lien Alert portfolio monitoring tool is now integrated with its LoanSphere MSP servicing system. This powerful integration, which can only be delivered by Black Knight, gives servicers using MSP automatic notifications about changes in the status of properties in their loan portfolios. Black Knight's Lien Alert is a unique, automated solution that monitors loans and provides alerts...
01/09/2017 Black Knight's Mortgage Monitor: 2.2 Million Homeowners in Negative Equity, Fewest Since Early 2007; $4.6 Trillion in Tappable Equity is Within Six Percent of Peak
- One million homes returned to positive equity positions over the first three quarters of 2016; national negative equity rate is now 4.4 percent - Homes in the bottom 20 percent by price are nine times more likely to be underwater than those in top 20 percent - There are now over 39 million borrowers with tappable equity, meaning they have current combined loan-to-value (CLTV) ratios of less than 80 percent - $4.6 trillion in total tappable equity equates to an average of nearly $118,000 available per borrower, marking the highest market total and highest average per borrower since 2006 - The top 10 metropolitan areas contain 50 percent of the nation's tappable equity, with California accounting for nearly 40 percent Today, the Data & Analytics division of Black Knight Financial Services , Inc. (NYSE: BKFS) released its latest Mortgage Monitor Report , based on data as of the end of November 2016 . In the first three quarters of 2016, as home prices continued to appreciate, one...
01/06/2017 Black Knight Financial Services Announces Fourth Quarter and Full-Year 2016 Earnings Release and Conference Call
  Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of integrated technology, data and analytics solutions to the nation's top mortgage lenders and servicers, will release fourth quarter and full-year 2016 earnings after the close of regular market trading on February 1, 2017 . A conference call to discuss its results will follow at 5:00 p.m. Eastern Time that same day. Those wishing to participate via the webcast should access the call through Black Knight's Investor Relations website at http://investor.bkfs.com. Those wishing to participate via the telephone may dial in at 877-407-4018 (USA) or 201-689-8471 (International). The conference call replay will be available via webcast through Black Knight's Investor Relations website at http://investor.bkfs.com. The telephone replay will be available from 8:00 p.m. Eastern Time on February 1, 2017, through February 8, 2017, by dialing 844-512-2921 (USA) or 412-317-6671 (International). The replay passcode will...

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Kirk Larsen
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877-880-1990 | investor@bkfs.com

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904-854-5043 | michelle.kersch@bkfs.com

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