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May 23, 2015 12:31 AM ET

IT Services

Company Overview of Black Knight Financial Services, Inc.

Company Overview

Black Knight Financial Services, Inc. provides integrated technology, workflow automation, and data and analytics to the mortgage lending industry in the United States. It operates in two segments, Technology, and Data and Analytics. The Technology segment offers software and hosting solutions that support loan servicing, which includes mortgage servicing, such as loss mitigation and default workflow management, loan origination, and settlement services. The Data and Analytics segment provides solutions to enhance and support technology products in the mortgage, real estate, and capital markets industries. Its solutions include property ownership data, lien data, servicing data, automated va...

601 Riverside Avenue

Jacksonville, FL 32204

United States

4,100 Employees

Phone:

904-854-5100

Key Executives for Black Knight Financial Services, Inc.

Chief Executive Officer and President
Age: 53
Executive Chairman and Member of Nominating & Corporate Governance Committee
Age: 69
Chief Financial Officer and Executive Vice President
Age: 42
Chief Operating Officer and Executive Vice President
Age: 53
Chief Information Officer and President of Servicing Technology
Age: 50
Compensation as of Fiscal Year 2014.

Black Knight Financial Services, Inc. Key Developments

MUFG Union Bank Union Bank Selects Closing Insight Solution from Black Knight Financial

Black Knight Financial Services has announced that MUFG Union Bank, or Union Bank, has signed an agreement to implement Black Knight's Closing Insight, a suite of web-based solutions designed to help lenders address the CFPB's TILA-RESPA Integrated Disclosure rule and to automate the multi-party processes required to close a loan. Closing Insight will be delivered through the Exchange, an open technology platform that provides integration, data management, decisioning support and workflow management through a 24/7 data exchange that connects more than 17,000 of the mortgage industry's service and solution providers. The Exchange is offered by RealEC Technologies, a division of Black Knight Financial Services. Closing Insight will help support the obligations of Union Bank and its business partners with the CFPB's TILA-RESPA Integrated Mortgage Disclosure rule, which is scheduled to go into effect in August 2015. This solution will provide an electronic, workflow-driven approval process and a collaborative closing utility that will streamline the reconciliation of fees for final loan closing disclosures between lenders, settlement agents and other service providers. Using a client-configurable rules engine, lenders will have the ability to generate and review disclosure documents, which will help them meet loan-closing timeline requirements. Union Bank also uses Black Knight's loan servicing platform, MSP a single, comprehensive system used by financial institutions for any size portfolio to manage all mortgage and consumer loan servicing processes, including loan boarding, payment processing, escrow administration and more, as well as Empower, Black Knight's client- or ASP-hosted, Web-based enterprise loan origination and Web portal solution used by lenders to manage retail and wholesale lending channels.

Stearns Lending, LLC Signs Contract for Black Knight's Empower Origination Platforms

Black Knight Financial Services, LLC has announced that Stearns Lending, LLC has signed a seven-year contract for Black Knight's Empower and LendingSpace origination platforms. Empower is a client- or an ASP-hosted loan origination and Web portal solution used by lenders to manage retail and wholesale lending channels, and LendingSpace is Black Knight's correspondent lending technology platform. Empower's comprehensive origination system includes a seamless integration with DocuTech, a leading provider of compliant document technology. The combination of capabilities offered by Black Knight and DocuTech will aid Stearns in the management all of its loan origination business channels. The Empower loan origination system supports both retail and wholesale channels and helps lenders electronically capture, process, underwrite and close loans. Empower is powered by a robust, task-based workflow orchestration engine that automates the processes necessary to originate a loan with the utmost level of efficiency and compliance. The LendingSpace loan origination system offers the controls, security and configuration necessary to build or enhance correspondent lending programs. Its end-to-end technology solution supports all loan purchase activities within one system for a seamless, standardized workflow tailored to each lender's specific processes and rules. The solution offers several unique secondary marketing capabilities, including the ability to track and manage multiple loan-level locks; utilize pipeline management and reporting; track trade confirmations and settlements; create investor-specific exports; and manage and maintain actionable seller data.

DocuTech Corporation, Black Knight Financial Services Join Forces to Provide Support for Document, Disclosure Compliance for Stearns Lending

DocuTech Corporation and Black Knight Financial Services forged a strategic relationship to provide document and disclosure support to Santa Ana. DocuTech built a full integration of its ConformX dynamic document platform into Black Knight Financial Services Empower Loan Origination System (LOS). The result of their cooperation helps support Stearns Lending efforts to provide compliant documents and disclosures leveraging a simple workflow design. Using ConformX within Empower helps the lender to generate, distribute and track disclosures and closing documents with just a few simple clicks. What makes DocuTech integration with Black Knight unique is how the two companies have worked together to provide a seamless integration for lenders. ConformX, which is fully integrated into the Empower LOS, enables the lender to generate documents with no additional data entry, since the loan data is pulled directly from the database. The software automatically creates mortgage documents and delivers eDelivery, a secure, electronic delivery option, or paper-based fulfillment options, reducing operational costs and improving productivity.

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