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Corporate evolution. 1962 – Black Knight's earliest predecessor company, Computing and Statistical Services, (CSS) is founded in Jacksonville, Fla. 1969 – CSS incorporates under its new name: Computer Power Inc. (CPI). 1992 – ALLTEL Corporation purchases CPI, which becomes a part of ALLTEL Information Services.
Sep 5, 2023 · The Black Knight acquisition follows ICE’s 2020 acquisition of Ellie Mae, its 2019 acquisition of Simplifile, and its 2018 acquisition of Mortgage Electronic Registrations Systems (MERS), which together created the foundation of its ICE Mortgage Technology business segment.
Aug 26, 2023 · ICE’s acquisition of Black Knight is expected to close on September 5, 2023. The deadline for Black Knight stockholders to elect their preferred form of merger consideration is September 1,...
May 4, 2022 · The definitive agreement has been unanimously approved by the Boards of Directors of both companies. Black Knight, based in Jacksonville, Florida, has approximately 6,500 employees and is a...
- Exchanges and Mortgages
- Black Knight: Servicing and Trading Software
- Could This Be The Beginning of A Whole-Loan Exchange?
Intercontinental Exchange has its roots in securities trading; however, it has been building a mortgage business over the past few years. It owns the Mortgage Electronic Registration System (MERS), which keeps track of servicing and ownership data. It bought Ellie Mae, which owns one of the big loan origination systems (LOS) called Encompass. Inter...
Black Knight Financial offers a suite of software solutions that address areas that Intercontinental Exchange doesn't offer. Its Mortgage Servicing Platform (MSP) is software-as-a-service offering that allows mortgage servicers a way to manage their servicing portfolios. Optimal Blue is a product and pricing engine that enables mortgage originators...
One intriguing part of the deal is that Optimal Blue owns Resitrader, which is an exchange for trading whole loans. Trading whole loans (in other words, trading one mortgage at a time) is much less automated than trading stocks, bonds, or commodities. It is still largely done in an email auction where a small subset of potential buyers bid on each ...
May 4, 2022 · The acquisition of Black Knight, which provides software, data and analytics to the real estate and housing finance markets, is the latest in a string of deals since 2016 by ICE to support its...
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Sep 5, 2023 · Intercontinental Exchange (ICE) completed its $11.9 billion purchase of software, data, and analytics company Black Knight (BKI) after federal regulators dropped their opposition to the deal.
