This month, Black Knight announced its acquisition of Motivity Solutions, a leading provider of mortgage business intelligence software. The new addition will be integrated primarily into the LoanSphere Product Suite, including Data Hub, and will use real-time dashboards, performance indicators, and drillable reporting for easier analytics, giving a deeper look into origination and servicing operations and portfolios.
The announcement comes just 20 days after Bank of America announced the move of its mortgage servicing portfolio, which makes up 5 to 7 percent of the servicing market, back to Black Knight’s LoanSphere MSP system.
Bank of America moved its approximately 4 million loans from Lender Processing Services, predecessor of Black Knight, to Countrywide in 2008, after the acquisition of the company.
Last month, Black Knight announced its first acquisition as a publicly traded company, eLynx, a portfolio company of American Portfolio Ltd. The acquisition of the data distribution and lending document delivery platform will add many services for clients, including:
• Mobile connectivity to settlement agents
• Mobile friendly portal for secure document
exchange and scheduling services
• Secure exchange of documents between
consumers, lenders, and other included parties
utilizing electronic document delivery with
eSignature, eClosing, and eRecording
Black Knight’s stock is on the rise, currently up 3.6 percent, and expected to continue.