JACKSONVILLE, Fla.,
Nov. 6, 2018 /PRNewswire/ -- Today,
Black Knight, Inc. (NYSE: BKI) announced that it has acquired Ernst
Publishing Co., a leading provider of technology and closing cost
data for the real estate and home finance industries. Black Knight
plans to more tightly integrate the Ernst capabilities into its
premier suite of origination solutions, while also making the
technology and data available to companies who do not currently use
the Black Knight Empower loan origination system (LOS), and will
continue to work with Ernst's current industry partners and
clients.
Black Knight will augment its existing fee engine with
Ernst's capabilities, including recording fees, transfer taxes,
inspection fees, property taxes and title premium fees to create a
unified access point for all fee-related needs. This comprehensive
fee suite will integrate with Black Knight's Origination Solutions
suite, which includes loan origination software, regulatory
compliance and eClosing capabilities, enhanced by artificial
intelligence technology.
"Without a doubt, Ernst is the leading provider of fee and tax
data in the industry," said Rich
Gagliano, president of Black Knight's Origination
Technologies division. "By tightly integrating this technology and
data into our origination product suite, we are able to better
serve our existing clients. This is another step forward in our
mission to provide a truly end-to-end origination solution, which
will be unparalleled in the industry."
For more than 29 years, Ernst has been a leading provider of fee
information to the mortgage industry, offering fee results for loan
estimates and closing disclosures in near real-time through web,
XML, mobile and custom fee engine technology.
"Ernst and Black Knight share very similar goals -- to
create innovative solutions that transform the industry, support
regulatory and compliance requirements, and create a better
borrower experience," said Greg
Teal, chief executive officer of Ernst. "As the leading
provider of software, data and analytics to the mortgage industry,
we are confident that Black Knight will take the capabilities Ernst
is known for and elevate them to the next level to help advance the
industry."
About Black Knight
Black Knight (NYSE:BKI) is a
leading provider of integrated software, data and analytics
solutions that facilitate and automate many of the business
processes across the homeownership life cycle.
As a leading fintech, Black Knight is committed to being a
premier business partner that clients rely on to achieve their
strategic goals, realize greater success and better serve their
customers by delivering best-in-class software, services and
insights with a relentless commitment to excellence, innovation,
integrity and leadership. For more information on Black Knight,
please visit www.blackknightinc.com.
Media
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Michelle
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Bryan Hipsher
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904.854.5043
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904.854.3219
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michelle.kersch@bkfs.com
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Bryan.Hipsher@bkfs.com
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Mitch
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704.890.8158
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SOURCE Black Knight, Inc.