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Press Releases

DateTitle
02/14/2018 Black Knight Announces Pricing of Secondary Offering of Common Stock and Repurchase of Common Stock
Black Knight, Inc. (NYSE:BKI) (the “Company” or “Black Knight”), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital market verticals, today announced the pricing of the previously announced underwritten public offering by affiliates of Thomas H. Lee Partners, L.P. (together, the “Selling Shareholder”) of 8,000,000 shares of the Company’s common stock at a public offering price of $46.70 pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The Company has agreed to repurchase from the underwriter 2,000,000 shares of the 8,000,000 shares of common stock being sold by the Selling Shareholder at a per-share purchase price equal to the price payable by the underwriter to the Selling Shareholder. As such, only 6,000,000 shares of the 8,000,000 shares of common stock being sold by the Selling Shareholder will be sold to the public. The Selling Shareholder will receive all...
02/13/2018 Black Knight Announces Secondary Offering of Common Stock and Repurchase of Common Stock
Black Knight, Inc. (NYSE:BKI) (the “Company” or “Black Knight”), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital market verticals, today announced that affiliates of Thomas H. Lee Partners, L.P. (together, the “Selling Shareholder”), intend to offer for sale 5,000,000 shares of the Company’s common stock pursuant to a shelf registration statement filed with the Securities and Exchange Commission (“SEC”), of which the Company intends to repurchase from the underwriter 2,000,000 shares of common stock. The shares will be offered to the public at a fixed price, which may be changed at any time without notice. The Selling Shareholder will receive all of the net proceeds from this offering. No shares are being sold by the Company. The Company's per-share purchase price for the repurchased shares will be the same as the per-share purchase price payable by the underwriter to the Selling Shareholder. The Company intends...
02/07/2018 Black Knight Reports Fourth Quarter and Full Year 2017 Financial Results
Black Knight, Inc. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals, today announced unaudited financial results for the fourth quarter and year ended December 31, 2017. Revenues for the fourth quarter of 2017 increased 2% to $267.5 million from $261.5 million in the prior year quarter. Net earnings attributable to Black Knight for the fourth quarter of 2017 were $147.2 million, or $0.97 per diluted share, compared to $11.8 million, or $0.17 per diluted share, in the prior year quarter. The results for the fourth quarter of 2017 include an income tax benefit of $110.9 million related to the revaluation of our net deferred income tax liability as a result of the Tax Cuts and Jobs Act of 2017 (the "Tax Reform Act"). Adjusted Revenues for the fourth quarter of 2017 increased 2% to $268.4 million from $263.0 million in the prior year quarter. Excluding the effect of the Property...
02/07/2018 Black Knight Announces Anthony Jabbour as CEO
Tom Sanzone moves to Vice Chairman of the Board for Black Knight Black Knight, Inc. (NYSE:BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, announced that Anthony Jabbour will assume the role as the company’s CEO on April 1.  Current CEO Tom Sanzone will become the company’s Vice Chairman of the Board and will assist with the transition. Jabbour was most recently the chief operating officer of Fidelity National Information Services, Inc.’s (NYSE:FIS) Banking and Payments business. In this role, he had global accountability for solution development, sales and delivery of banking and payments offerings for clients of all sizes and in all geographic markets. Since joining FIS in 2004, Jabbour held positions of increasing responsibility in operations and delivery services as a key member of the executive leadership team. During his tenure overseeing the North American market, Jabbour consistently grew the segment through a...
02/05/2018 M&T Bank Signs Agreement to Implement Black Knight’s Enterprise Business Intelligence Solution
Enterprise Client Leverages Additional Black Knight Solutions Across the Full Loan Life Cycle Using Black Knight’s Enterprise Business Intelligence solution will help M&T Bank improve operational efficiencies, generate new revenue opportunities, and enhance risk mitigation across multiple operations – from originations through servicing and default LoanSphere Data Hub and LoanSphere Motivity – the primary components of the Enterprise Business Intelligence solution – are at the core of Black Knight’s advanced LoanSphere platform of integrated software, data and analytics that supports the mortgage and home equity loan life cycle M&T Bank is currently a Black Knight enterprise client and is further expanding its use of Black Knight solutions. Black Knight, Inc.  (NYSE:BKI) announced today that it has signed an agreement with M&T Bank , one of the largest banks in the U.S., to implement Black Knight’s Enterprise Business Intelligence (EBI) solution to provide broader and...
02/05/2018 Black Knight’s End-to-End Digital Close Fulfillment Solution Advances the Lending Process by Significantly Streamlining the Real Estate Transaction
LoanSphere Expedite Close Designed to Support Lenders, Settlement Agents, Realtors and Investors Expedite Close supports the needs of all users – settlement agents, lenders, real estate agents, investors and consumers – without the need for significant changes to current business processes The solution leverages Black Knight’s existing electronic signature and document fulfillment platforms and expands its workflow, decisioning and automation to deliver an end-to-end hybrid and full digital close solution that can be deployed incrementally LoanSphere Expedite Close was designed for ease of use by all participants in the real estate transaction Black Knight, Inc. (NYSE:BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, announced the first phase of LoanSphere Expedite Close will be available later this year. Expedite Close is an advanced hybrid and full digital closing solution that supports data and document exchange,...
02/05/2018 Black Knight’s Mortgage Monitor: “Hurricane Effect” Aside, Mortgage Performance Continued to Improve in 2017; Foreclosure Starts, Completions at 17-Year Lows
Though mortgage delinquencies ended 2017 at a 23-month high (up 164K from 2016 year-end), in non-hurricane-impacted areas – representing 90 percent of the total market – delinquency rates declined The national delinquency rate in non-hurricane-affected areas was 11 percent below long-term norms The total number of mortgages either past due or in foreclosure fell by more than 140K in non-hurricane-affected areas, pushing the non-current rate in these areas down to 10 percent below long-term norms A total of 649K foreclosure starts were initiated in 2017, the fewest of any year since 2000 2017 saw the fewest first-time foreclosure starts on record, which were both 15 percent below 2016 levels and roughly half their pre-crisis annual average While foreclosure inventory is on track to normalize in 2018, more than 125K active foreclosures remain in which no payment has been made in more than two years; 63K have not had a payment in five years or more The 232K total foreclosure sales...
01/29/2018 MISMO Presents Contributor Awards to Four Black Knight Professionals at Winter Summit
Black Knight, Inc. (NYSE:BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, announced today that the Mortgage Industry Standards Maintenance Organization (MISMO), presented Contributor Awards to four Black Knight professionals at the organization’s recent Winter Summit in New Orleans . Awards were presented to Randy Gillis , data executive, Servicing Technologies; Andy Crisenbery , managing director, Lending Solutions; Cathy Clark , senior data consultant, Servicing Technologies; and Mark Kleingers , senior architect, Lending Solutions. Founded in 1999, MISMO is the standards development body for the mortgage industry, and all members of the MISMO Board, Committees and Workgroups are volunteer contributors. The purpose of the MISMO Contributor Recognition Program is to recognize individuals whose contributions to MISMO and the industry were particularly notable. The Black Knight professionals and the awards they received...
01/29/2018 Black Knight HPI: Appreciation Remains Steady as U.S. Home Prices Gain 0.27 Percent in November, Up 6.44 Percent Year-Over-Year
After 67 consecutive months of annual appreciation, U.S. home prices reached another new peak at $283K At the national level, home prices have now gained 6.49 percent growth since the start of 2017 New York led all states in monthly appreciation with home prices there rising 1.36 percent from October Together, New York and Florida accounted for seven of the month’s 10 best-performing metros Dover, Del. , led all metropolitan areas with 2.11 percent growth, while Canton, Ohio , home prices saw the greatest drop of any metro area, falling 2.24 percent from October Though Las Vegas, Nev. has gained nearly 13 percent year-over-year and 93 percent from the market’s bottom, it remains 25 percent off its 2006 peak Home prices fell in six of the nation’s 20 largest states; Wisconsin saw the largest decline at -0.37 percent Ten of the 20 largest states and 12 of the 40 largest metros hit new home price peaks in November Today, The Data & Analytics division of Black Knight, Inc. (NYSE:BKI)...
01/23/2018 Black Knight’s First Look at December 2017 Mortgage Data: 90-Day Delinquencies Jump Again as Hurricane Fallout Continues
         An additional 60,000 mortgages became 90 days delinquent in December, driven by both continued hurricane-related fallout as well as upward seasonal and calendar-related pressures There are now 142,700 90+ days delinquent loans attributed to Hurricanes Harvey and Irma, representing 20 percent of all severely delinquent loans nationwide 102,500 severely delinquent loans in affected areas of Florida and Georgia can be attributed to Hurricane Irma, while another 40,200 are the result of Hurricane Harvey in southeastern Texas Florida has now overtaken Mississippi as the state with the largest share of severely delinquent mortgages The overall delinquency rate (representing loans 30 or more days past due, but not yet in active foreclosure) also rose another 3.47 percent to its highest level since early 2016 December’s 6.54 percent year-over-year rise marked the fourth consecutive month of annual increases to the national delinquency rate Despite the rise in...
01/22/2018 Black Knight Completes Successful, On-Time Year-End Processing for More Than 46 Million Loans Held by 67 Clients
Black Knight, Inc. (NYSE:BKI), a leading provider of integrated software, 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 more than 46 million loans for 67 servicing clients - was completed by noon on Jan. 1, 2018 . This year-end processing was completed for all active and inactive loans serviced using LoanSphere MSP, Black Knight’s comprehensive, industry-leading 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, the Government of Puerto Rico Department of the Treasury, other government agencies, and to meet internal...
01/17/2018 Black Knight Announces Fourth Quarter and Full-Year 2017 Earnings Release and Conference Call
Black Knight, Inc. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals, will release fourth quarter and full-year 2017 earnings after the close of regular market trading on February 7, 2018 . 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 7, 2018, through February 14, 2018, by dialing 844-512-2921 (USA) or 412-317-6671 (International). The replay passcode will be 13674141....
01/08/2018 Black Knight Signs Agreement with Citi to Implement Black Knight LoanSphere Origination Solutions, Including the Empower Loan Origination System
Will Become a Black Knight Enterprise Client CitiMortgage will use the LoanSphere Empower loan origination system (LOS) to manage its retail and home equity lending, as well as its correspondent lending channel, which is a capability Black Knight is adding to the Empower LOS CitiMortgage will be a Black Knight enterprise client as a result of its use of multiple Black Knight solutions CitiMortgage will also use the Empower system’s Web APIs for easy access to the data and documents that are needed to provide borrowers with a digital user experience The company will also implement several other Black Knight solutions, including data and analytics capabilities, and have the option to leverage additional solutions integrated with the Empower LOS, such as the LoanSphere Expedite suite of electronic fulfillment services and Black Knight Property Tax By using a combination of Black Knight origination solutions, Citi will maximize efficiencies, enhance data integrity and decrease cycle times...
01/08/2018 Black Knight’s Mortgage Monitor: Tappable Equity at All-Time High, But Tax Code Changes Could Impact Homeowners’ Utilization
As of Q3 2017, approximately 42 million homeowners with a mortgage have nearly $5.4 trillion in equity available to borrow against, assuming a maximum 80 percent total loan-to-value ratio Over 80 percent of all mortgage holders now have available equity to tap via a first-lien cash-out refinance or home equity line of credit (HELOC) Under the recently passed tax reform plan, interest on HELOCs is no longer deductible, increasing the post-tax expense of such products for those who itemize HELOCs have been an attractive option for borrowers to utilize available equity without sacrificing low first-lien interest rates; with interest on these products no longer deductible, the value proposition has changed In many cases, for borrowers with high unpaid principal balances (UPB), taking out low-dollar lines of credit, the math still favors HELOCs However, for low-to-moderate UPB borrowers taking out larger amounts of equity – assuming interest on cash-out refinances remains deductible – the...
01/02/2018 Black Knight’s Chip McAvoy Elected to the Real Estate Standards Organization’s 2018 Board of Directors
The Real Estate Standards Organization (RESO) received a record number of nominations for 2018 board positions McAvoy was elected to fill the board position representing technology companies with annual revenue greater than $25 million McAvoy will leverage his extensive industry expertise to help advance real estate standards for the benefit of agents, brokers and consumers Black Knight, Inc. (NYSE:BKI) announced today that Chip McAvoy, vice president and real estate market leader for Black Knight’s Data & Analytics division, has been elected to the Real Estate Standards Organization ’s (RESO) board of directors for 2018. RESO received a record number of nominations for its 2018 board positions, and McAvoy was elected to fill the board position representing technology companies with annual revenue greater than $25 million . He will serve a two-year term, which began on Jan. 1, 2018 . Chip McAvoy has been elected to the board of directors for the Real Estate Standards Organization...

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Bryan Hipsher
Senior Vice President, Finance
904-854-3219 | investor@bkfs.com

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Michelle Kersch
Marketing and Corporate Communications
904-854-5043 | michelle.kersch@bkfs.com

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