We’ve also received October retail sales (-. | Optimal Blue, LLC, operates the. Sep 05, 2023 By Sarah Wheeler. It can be easy to over customize Encompass because of its flexibility. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 16. Shares of Black Knight rose 4. ICE Mortgage Technology is a leading cloud-based platform provider for the mortgage finance industry. Intercontinental Exchange Inc. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. iFOLIO. Optimal Blue | 10,405 followers on LinkedIn. CompassPoint is offered by Optimal Blue, a leader in end-to-end technology solutions designed specifically for the secondary marketing industry. The new terms call for approximately $68 in cash and 0. 11, as well as its gross leverage ratio to 3. (ICE) and Black Knight Inc. ICE Mortgage Technology's GAAP operating income fell to $53 million from $86 million in the fourth. The transaction closed on Sept. Optimal Blue is a cloud-based provider of managed-content, enterprise lending services including product eligibility and pricing (PPE), secondary marketing, consumer engagement, data and analytics, and compliance services. S. Optimal Blue delivers the industry's leading Product, Pricing and Eligibility (PPE) engine that prices over 40% of locks in the U. | Optimal Blue, LLC, operates the. S. The companies declined to answer questions about the revised terms or the asset sale, including whether the reduced compensation was related to. 7, 2022 – Black Knight, Inc. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. So we think we can bring a lot of those. io. | Optimal Blue, a division of Black. A live audio webcast of the conference call will be available on the company’s website at in the investor relations section. Loan pricing in an instant, with total confidence. Optimal Blue Status Center Home Forums . finkelstein@arizent. According to the mortgage data and analytics company Optimal Blue, VA loan rates have remained . Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. (ICE), and its top competitor, Black Knight, Inc. They also announced a Sept. ICE Mortgage Technology announced plans to. Your guide to trusted BBB Ratings, customer reviews and BBB Accredited businesses. com uses cookies on this site. Press Releases | September 6, 2022; AMOCO Federal Credit Union Selects the Empower LOS, MSP Servicing System and Suite of Integrated Solutions. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. mortgage industry and is fully integrated with the. Share this article. Optimal Blue | 10,405 followers on LinkedIn. Optimal Blue | 10,159 followers on LinkedIn. ICE closed an $11. | Optimal Blue, LLC, operates the. The Federal Trade Commission is expected to challenge the $13 billion takeover of mortgage data company Black Knight by financial services giant Intercontinental Exchange. Visit Company Page. Pleasanton, CA. 06 Sep 2023. Black Knight and Intercontinental Exchange (ICE) agreed to sell Optimal Blue as well as loan origination system, Empower, to Constellation in an effort to save the merger deal. Cookies are used to offer you a better browsing experience. Oct 1999 - Oct 201415 years 1 month. Optimal Blue was purchased for an enterprise value of $1. brad-finkelstein-8b2b9a5/. How it will impact the Lenders and Servicers:Originally, ICE was paying $85 per share in cash and stock at a $13. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced. Optimal Blue | 9,866 followers on LinkedIn. | Optimal Blue, a division of Black. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight, Inc. Two firms will complete the divestiture of Black Knight's Empower business and Optimal Blue within 20 days. First up, Ellie Mae’s mortgage loan origination software platform, Encompass, offers a straightforward, web-based service for loan officers. ICE Mortgage Technology is a company that focuses on providing. Optimal Blue | 10,851 followers on LinkedIn. ICE and Black Knight’s agreement to sell its Optimal Blue business leaves the FTC with a weak case as it remedies the remaining horizontal overlap cited in the FTC’s complaint with a. residential mortgage process, from consumer engagement through loan registration. mortgage industry and is fully integrated with the CompassPoint platform. By Niket Nishant. Black Knight set a deadline of Sept. 7 to drop a federal lawsuit seeking to block ICE’s acquisition of Black Knight. | Optimal Blue, a division of Black. The FTC dropped a lawsuit challenging the purchase after ICE agreed to divest some Black Knight. Optimal Blue recognized for its innovative and impactful solutions in the U. In 2020, ICE acquired Ellie Mae for $11 billion. Resitrader, one of the largest online loan trading auctions, enables mortgage loan buyers, sellers and their advisors to securely transact in real time, using a simple auction process. By continuing to use our service, you agree to our use of cookies. The ICE Mortgage Rate Lock Index Futures can be added to CompassPoint, which is used by industry professionals to hedge more than $100 billion of closed loan volume monthly. & PRICING. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. The Federal Trade Commission is taking action to block the proposed merger between the nation’s largest provider of home mortgage loan origination systems and other key lender software tools, Intercontinental Exchange, Inc. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Encompass has its own, less robust, PPE and the customer overlap could also raise regulatory concerns, he added. For example, the average 30-year fixed rate for VA loans was 6. When the data is submitted, the pricing engine returns different loan pricing scenarios based on a borrower’s unique profile. The company provides MSR valuation and advisory services to mortgage banks and financial institutions. A pilot automation can be built and deployed in as little as 3-4 weeks, immediately adding efficiency to an organization and proving out the value of process automation. CompassPoint is offered by Optimal Blue, a leader in end-to-end technology solutions designed specifically for the secondary marketing industry. OPTIMAL BLUE PPE. ’s (ICE) proposed $11. | Optimal Blue, a division of Black. | Optimal Blue, a division of Black. The Top Mortgage Product Pricing Engines are: 1) Optimal BlueOptimal Blue | 9,985 followers on LinkedIn. Together, we transform, streamline and automate industries to connect our customers to opportunity. | Optimal Blue, a division of Black. ICE and Black Knight’s agreement to sell its Optimal Blue business leaves the FTC with a weak case as it remedies the remaining horizontal overlap cited in the FTC’s complaint with a. ATLANTA & NEW YORK & JACKSONVILLE, Fla. The settlement comes after Black Knight agreed to divest a portion of its company, including selling Optimal Blue to Constellation Software for $700 million. “We. (“Constellation”) (TSX: CSU) announced today that its Perseus operating group (“Perseus”) completed the acquisition of the Optimal Blue business and the Empower loan origination system (LOS) business from Intercontinental Exchange, Inc. S. 25% in August, the highest level in more than 20 years, before settling to 7. – July 27, 2020 – Black Knight, Inc. 1 trillion of rate locks and processes more than 500 million rate searches annually. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. | Optimal Blue, LLC, operates the. † ‡ ˆ ‰ Š ‹ Œ Ž ÿÿÿÿÿMOptimal Blue, Dark Matter Technologies, Mortgage Builder, ReverseVision, which is a reverse mortgage LOS and a document storage business called Axacore. Optimal Blue | 10,942 followers on LinkedIn. Full year 2023 ICE Mortgage Technology (IMT) revenues including the. ARMCO. com (678) 981. Participants may also listen via telephone by dialing 833. ICE Mortgage Technology President Tim Bowler on mortgage automation . A possible sale of Black Knight's product and pricing engine unit Optimal Blue could be the key that unlocks the Intercontinental Exchange transaction, said Ryan. The number of undocumented Indians in the U. | Optimal Blue, a division of Black. Mortgage Executive Magazine selects LPS as one of the Top 50 Mortgage Service Providers in America. | Optimal Blue, a division of Black. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Thoma Bravo took Ellie Mae private in a $3. | Optimal Blue, LLC, operates the. Optimal Blue | 10,660 followers on LinkedIn. HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year fixed rate for conventional loans at 7. Visit Company Page. 2, 2014, and renamed Black Knight Financial Services. The two firms will complete the divestiture of Black Knight’s Empower and Optimal Blue within 20. | Optimal Blue, LLC, operates the. S. | Optimal Blue, LLC, operates the. Optimal Blue | 9,985 followers on LinkedIn. ICE completed the. , September 15, 2023--Intercontinental Exchange, Inc. Optimal Blue Financial Services Plano, TX Blend Software Development San Francisco, CA. According to the Optimal Blue Mortgage Market Indices, 30-year conforming rates climbed above 7. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Optimal Blue | 9,770 followers on LinkedIn. | Optimal Blue, a division of Black. HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year. Jan 2013 - Sep 20152 years 9 months. Optimal Blue | 10,867 followers on LinkedIn. Intercontinental Exchange, Inc. S. m. However, Black Knight only. Optimal Blue Financial Services Plano, TX. Under the proposed order, Black Knight's Optimal Blue and Empower businesses will be sold to Constellation Software (OTCPK:CNSWF). Ice Mortgage solutions enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. The FTC had initially expressed concern that the [email protected] Blue prices and locks 40% of U. At ICE Mortgage Technology, we are transforming and digitizing the U. According to the Optimal Blue Mortgage Market Indices, 30-year conforming rates climbed above 7. CSI paid $700 million for the business in $200 million cash and a $500 million 40-year promissory note issued to. 7 billion. website maker Intercontinental Exchange Inc. | Optimal Blue, a division of Black. After the Optimal Blue agreement, the FTC agreed Aug. By early April 2020, the AEI Housing Center was using Optimal Blue data to monitor HPA and MDR on a weekly basis and project future HPA and MDR with a high degree of accuracy, but without the usual 3 month lag. Optimal Blue | 9,866 followers on LinkedIn. But MERS is now getting a competitive threat from Blue Sage Solutions, First American Docutech and Figure Technologies called Digital Asset Registration Technologies. EST 2 Min Read. The Federal Trade Commission is expected to challenge the $13 billion takeover of mortgage data company Black Knight by financial services giant Intercontinental Exchange. Black Night’s Optimal Blue is sold. "Optimal Blue's marketplace facilitates the most comprehensive set of functions in the industry, and we operate with a model of open integration and interoperability with other platforms," said Clint Revels, Director of Integration Services, Optimal Blue. bradley. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced that, in connection with its acquisition of Black Knight, it has completed the sale of Black Knight’s Optimal Blue and Empower loan origination system (LOS) businesses to subsidiaries of Constellation Software Inc. Both are most popular in their respective areas. com (212) 656-2490 Damon Leavell damon. Optimal Blue, a division of Black Knight, has released new API capabilities that automate the exchange of data between mortgage brokers using the Loansifter product, pricing and eligibility (PPE. Under. With the completion of the transaction, Black Knight stockholders expect to. Current Mortgage Rates Today: Nov. Brad Finkelstein. Black Knight’s Optimal Blue product, pricing and. Optimal Blue | 10,845 followers on LinkedIn. February 14, 2023, 4:12 p. Optimal Blue has made it easier than ever before to connect your mortgage technology stack, ensuring accurate pricing and the best secondary marketing automation is always available to your users. Optimal Blue | 10,401 followers on LinkedIn. Visit Optimal Blue Published July 17, 2023 Getty Images Key Takeaways ICE and Black Knight are selling Black Knight's Optimal Blue business. residential mortgage process, from consumer engagement through loan registration. Kevin Foley, CFA, Director of Product Management at Optimal Blue, highlights a few new benefits with the new Encompass Partner Connect [email protected]. JACKSONVILLE, Fla. Verified User. Optimal Blue's Marketplace Platform provides integrated secondary marketing solutions to more than 2,000 clients nationwide, including hundreds of Ellie Mae clients, and enables true best execution throughout the mortgage loan process. linkedin. Optimal Blue | 9,985 followers on LinkedIn. , September 05, 2023--Intercontinental Exchange, Inc. 97% on Wednesday. housing economy HousingWire. Optimal Blue | 10,225 followers on LinkedIn. January 4, 2021. 0. After the deal was announced on May 5, an initial bump drove Black Knight's stock price to a high of $79. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. | Optimal Blue, a division of Black. Optimal Blue offers a SaaS marketplace platform connecting mortgage originators and investors. Intercontinental Exchange (ICE) and Black Knight announced Monday they have agreed to sell Black Knight's mortgage pricing platform, Optimal Blue, to a. Following the completion of this merger, the mortgage lending and borrowing process will become more efficient and reduce overall costs for ICE in the future. – Sept. Accessible via the Optimal Blue API Developer. ICE’s Encompass Product and Pricing Service PPE (EPPS) is a close second, it notes. 1 billion valuation. has rolled out a new webhooks component for its Optimal Blue application programming interface (API) platform that will boost lender efficiencies and workflow automation by providing real-time access to advanced secondary marketing capabilities. (Reuters) -U. Optimal Blue MAXEX delivers daily pricing to Optimal Blue, a leading mortgage industry product & pricing engine (PPE). "Based on Black Knight's current share price, the market appears to be ascribing about a 60% probability. Comergence by Optimal Blue | 403 followers on LinkedIn. Demonstrated mortgage tech product leader with extensive experience in secondary markets, pricing engines, hedging and loan trading, MSR. PLEASANTON, Calif. Optimal Blue | 10,863 followers on LinkedIn. MORTGAGE MARKET INDICES – OBMMI The most comprehensive and accurate daily rate indices. The Federal Trade Commission is seeking a temporary restraining order to block International Exchange Inc. ICE and Black Knight’s agreement to sell its product and pricing engine unit Optimal Blue business leaves the FTC with a weak case as it remedies the remaining horizontal overlap cited in the. | Optimal Blue, LLC, operates the. Optimal Blue | 10,109 followers on LinkedIn. The mortgage tech and service provider announced the acquisition of two companies in January of 2021 alone. . With the best products and pricing from the industry's leading investors, lenders of all. In contrast, the Optimal Blue PPE provides much broader functions and automation aimed at lenders active in The FTC not only cites the parties' loan origination systems, ICE Mortgage Technology's Encompass and Black Knight's Empower, but also notes concern about competition for "ancillary services. TURNKEY CONNECTIONS. S. The deal would drive up costs, reduce innovation, and. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. In August 2023, the FTC approved a proposed consent order to resolve antitrust concerns surrounding Intercontinental Exchange, Inc. | Optimal Blue, a division of Black. Optimal Blue Mortgage Market Indices™ (OBMMI™) is calculated from actual locked rates with consumers across over one-third of all mortgage transactions nationwide. residential mortgage process, from consumer engagement through loan registration. Getty. com (212) 323-8587 media@ice. Black Knight ready to spin off Empower, Optimal Blue businesses. So, in my view ICE paid $13. The FTC order also. [email protected] User. (NYSE:BKI) announced today the addition of ICE Mortgage Rate Lock Index Futures within CompassPoint, the leading risk management and loan sale platform offered by Optimal Blue, a division of Black Knight. Black Knight's Q4 profits slip as clients cope with challenges. included an agreement that will give ICE mortgage technology clients access to Optimal Blue’s data services under its new ownership. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 2 Black Knight goes through. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Black Knight acquired Optimal Blue, a company providing secondary marketing automation. Brad Finkelstein. A divesture of Black Knight‘s product and pricing engine unit Optimal Blue is a feasible path to guarantee the merger deal with Intercontinental Exchange Inc. residential mortgage process, from consumer engagement through loan registration. 25% in the first week of April before finishing at 6. First Horizon Bank. (NYSE: ICE), released its September 2023 Mortgage Monitor. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. , September 05, 2023--Intercontinental Exchange, Inc. 25% in August, the highest level in more than 20 years, before settling to 7. Point of Sale (POS) — Access Arch MI’s competitive rates. The 30-year fixed rate for conventional loans, which hit 7. The Optimal Blue Mortgage Market Indices showed 30-year conforming rates dipping below 6. Transforming the mortgage industry with leading secondary marketing technologies to price, lock, hedge, and trade loans. (ICE) and Black Knight Inc. S. ICE Mortgage Technology Resource Center - Operating Normally - Service operating normally ICE. Intercontinental Exchange (ICE) and Black Knight announced Monday they have agreed to sell Black Knight's mortgage pricing platform, Optimal Blue, to a subsidiary of Constellation Software. As previously announced, the. The two companies agreed to sell Black Knight’s Empower business and product and pricing engine unit Optimal Blue to a subsidiary of Canada’s. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Today, Black Knight, Inc. (NYSE: ICE) and Black Knight, Inc. Black Knight ready to sell Empower to address antitrust concerns. Ellie Mae was a mortgage automation company. MLO Shift. Get 7 Days Free Sign In Sign In TopicsOptimal Blue | 10,087 followers on LinkedIn. The divestitures reduced the price tag of the Black Knight acquisition to roughly $11. 25% mark, the highest level in over 20 years. 02/27/2023 03:01 PM EST. Anow. com (678) 981-3882 [email protected] percent difference in rate may sound small, but that can equal tens of thousands in interest savings over the life of the mortgage. ICE affirmed that Optimal Blue is still available to its customers, who are the largest consumers of Optimal Blue Solutions. Optimal Blue | 10,315 followers on LinkedIn. February 12, 2019, 1:00 pm By Caroline Basile. EDT 1 Min Read. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. The simple part of the deal is the price: Perseus will pay $200 million in cash and issue a $500. 78. Pros and Cons. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. | Optimal Blue, a division of Black. (NYSE: BKI) today announced that, in connection with their previously announced merger agreement for ICE’s acquisition of Black Knight, they have agreed to sell Black Knight’s Optimal Blue business to a subsidiary of Constellation Software Inc. Visit Company Page. (NYSE: BKI), a software, data and analytics company that serves the housing finance continuum, including real estate data, mortgage lending and servicing, as well as the secondary markets, today. Senior leadership from Optimal Blue depart Constellation after acquisition. Going to Las Vegas for ICE Experience 2022? The Optimal Blue team wants to see you! Our team is passionate about end-to-end, digital mortgage experiences. Optimal Blue delivers a product, pricing and eligibility (PPE) engine that prices over 40% of locks in the U. for $700 million. Through advanced, yet turnkey integrations with +70 mortgage technology vendors, we have embedded the power of Optimal Blue inside of whatever. By contrast, Black Knight’s Optimal Blue PPE is a standalone commercial PPE available on more than a dozen LOS platforms. The companies expect to complete the divestiture of Empower and Optimal Blue 20 days after completing the merger. (or the proposed divestiture of Black Knight’s Optimal Blue business or. ATLANTA & NEW YORK & JACKSONVILLE, Fla. S. | Optimal Blue, a division of Black. View Kevin’s full profile. “Black Knight’s Optimal Blue is the clear industry leader, serving lenders that originate as much as 40% of the nation’s residential mortgages each year,” the FTC’s petition states. 07% at the end of the month; Overall rate lock volumes were down for the third consecutive month, falling 1. Rates are now roughly a quarter point higher than the highs in fall 2022. Optimal Blue | 10,318 followers on LinkedIn. | Optimal Blue, a division of Black. ICE divests Optimal Blue and Empower Loan System to Constellation Software for $700M May 4, 2022 July 17, 2023 September 5, 2023ICE Media Contact: Josh King josh. (2022-09-07 | NYSE:BKI) Optimal Blue, a Division of Black Knight, Adds ICE Mortgage Rate Lock Index Futures to CompassPoint, Leading Hedge Analytics and MSR Valuation Platform. YoY home price appreciation (HPA) varied significantly among the 60 largest metros. – March 4, 2022 – ICE Mortgage Technology TM, part of Intercontinental Exchange, Inc. residential mortgage process, from consumer engagement through loan registration. In addition to having one smooth process, some other benefits include: Find your LOS, POS, or PPE below to access helpful guides on accessing rates and ordering MI. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. | Optimal Blue, a division of Black. The structure of the proposed transaction includes a payment by. Second to Optimal Blue is its close competitor, ICE's Encompass Product and Pricing Service PPE ("EPPS"), currently available only to lenders who use the Encompass LOS. Connect one-way to launch out to Loansifter with your pre-filled search scenario. Toronto-based Constellation Software will pay $700 million for. By taking advantage of the resources offered by the New York Mortgage Bankers Association, you will be in a position to meet the demands of today’s competitive. This person will be responsible for helping clients with strategies related to mortgage servicing rights valuation and hedging, whole loan valuations, and more through the employment of industry-leading, proprietary analytics. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Private equity firm GTCR announced it acquired Plano, Texas-based Optimal Blue, a cloud-based provider of enterprise lending services to the mortgage industry. So, if you take a look at somebody like ICE as a for instance, so they’ve got MERS. Originations Editor, National. Optimal Blue and Loansifter are owned by Black Knight which is currently in the process of an acquisition by ICE Mortgage Technologies to create a huge mortgage and real estate technology marketplace. mortgages, provides services to 62% of the top 50 lenders, supports $2. Impo rtantly, Optimal Blue is still fully available to ICE's customers, with ICE continuing to capture value through an existing revenue share arrangement for existing and new customers. First American Docutech. ATLANTA & NEW YORK & JACKSONVILLE, Fla. Optimal Blue. May 24, 2022, 11:20 a. 8. Auction. –(BUSINESS WIRE)–Intercontinental Exchange, Inc. 1 deadline for Black Knight stockholders to choose the. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced that, in connection with its acquisition of Black Knight, it has completed the sale of Black Knight’s Optimal Blue and Empower loan origination system (LOS) businesses to subsidiaries of Constellation. Begin your automation journey by automating the appraisal ordering process. The simple part of the deal is the price: Perseus will pay $200 million in cash and issue a $500. According to Black Knight’s Optimal Blue Mortgage Market Indices, the standard 30-year mortgage rate pushed past previous month rising above the 7. Under. Optimal Blue | 10,569 followers on LinkedIn. At ICE Mortgage Technology, we are transforming and digitizing the U. S. 1 billion mega-deal. He is a demonstrated mortgage technology expert with more than 25 years of experience in the financial services industry and more than 29 years in software development, technology execution, and product management. June 21, 2022, 1:36 pm By David Stevens, CMB. Optimal Blue’s PPE utilizes comprehensive product and pricing functionality of the industry’s leading PPE to stay competitive and confidently execute the most profitable. | Optimal Blue, a division of Black. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that the ICE Experience Conference is being. The agreement follows the announced divestiture agreements for Black Knight’s Optimal Blue business and Empower loan origination system (LOS) business, which were announced earlier this year. At ICE Mortgage Technology, we are transforming and digitizing the U. LendingTree’s online marketplace connects consumers with multiple lenders, empowering them as they. Optimal Blue. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets. Comergence by Optimal Blue provides the mortgage industry with the most. 83% in October before clawing back to 7. 1 trillion of rate locks and processes more than 500 million rate searches annually.