However, it has come to my attention that after announcements by Black Knight to divest and sell its Empower loan origination (LOS) and Optimal Blue product pricing engine (PPE) software products to a single Canadian company known as Constellation Software Inc. announced this morning it will buy the Dallas-based company for $1. | Optimal Blue, a division of Black. OPTIMAL BLUE MORTGAGE MARKET INDICES – Optimal Blue LAST UPDATED: NOV 16, 2023 OBMMI™ provides the most comprehensive, accurate, timely,. CSI paid $700 million for the business in $200 million cash and a $500 million 40-year promissory note issued to. ICE and Black Knight entered into the divestiture agreements in connection with efforts to secure regulatory clearance for ICE’s proposed. The FTC had initially expressed concern that the [email protected] Blue prices and locks 40% of U. , now part of Intercontinental Exchange, Inc. Optimal Blue | 10,863 followers on LinkedIn. | Optimal Blue, a division of Black. The 30-year fixed rate for conventional loans, which hit 7. 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. Black Knight set a deadline of Sept. When the data is submitted, the pricing engine returns different loan pricing scenarios based on a borrower’s unique profile. [email protected] User. Optimal Blue Financial Services Plano, TX. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Back. IRVINE, Calif. OPTIMAL BLUE PPE. Regulators fire warning shot over bow of mortgage comparison sites. Private equity firm GTCR announced it acquired Plano, Texas-based Optimal Blue, a cloud-based provider of enterprise lending services to the mortgage industry. "Based on Black Knight's current share price, the market appears to be ascribing about a 60% probability. 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. 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. ARMCO. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 7 billion deal, which combines the two top mortgage technology providers, would drive up costs, reduce innovation and limit lenders' choices. To ensure the success of these divestitures, ICE and Black Knight are required to. | Optimal Blue, LLC, operates the. ICE and Black Knight announced that the Empower and Optimal Blue divestitures are now expected to be completed within 20 days of the closing of the merger. Since 1985, Byte has provided innovative mortgage workflow solutions that are simple to implement, use and administrate. 5% from July, driven by a 1. Press Releases | September 6, 2022; AMOCO Federal Credit Union Selects the Empower LOS, MSP Servicing System and Suite of Integrated Solutions. Transforming the mortgage industry with leading secondary marketing technologies to price, lock, hedge, and trade loans. which together created the foundation of its ICE Mortgage Technology business segment. Optimal Blue | 9,948 followers on LinkedIn. TURNKEY CONNECTIONS. A live audio webcast of the conference call will be available on the company’s website at in the investor relations section. | Optimal Blue, a division of Black. ICE and Black Knight will transfer a promissory note used to finance Constellation’s purchase of the Optimal Blue business to a trustee, who will be responsible for selling the note within six. residential mortgage process, from consumer engagement through loan registration. Doc Solutions in Encompass is a great way to stay in compliance with all state regulations. 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. The deal would drive up costs, reduce innovation, and reduce lenders. I am a mortgage specialist, period. Doc Solutions in Encompass is a great way to stay in compliance with all state regulations. 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. 09/15/2023 - 08:30 AM . –(BUSINESS WIRE)–Intercontinental Exchange, Inc. Optimal Blue prices and locks 40% of U. That’s far from a certainty, given the deal's regulatory issues. io. 18 Jul 2023. Our technology solutions enable lenders to originate more loans,. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Contacts. | Optimal Blue, a division of Black. Optimal Blue | 10,866 followers on LinkedIn. 00%, and jumbo loans up to 7. HEDGING. View Kevin’s full profile. Comergence by Optimal Blue | 403 followers on LinkedIn. Brad Finkelstein. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. ICE Mortgage Technology 38,933 followers 4d Registration is open! Making meaningful, in-person connections is at the heart of ICE Experience. – Sept. com ICE Investor Contact: Katia Gonzalez katia. on Monday announced an agreement to sell Black Knight’s Optimal Blue business to a. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Hosted and on-premises options available. Asurity Technologies. ICE and Black Knight entered into a divestiture agreement in connection with efforts to secure regulatory clearance of ICE’s proposed acquisition of Black Knight, a $13. | Optimal Blue, a division of Black. 7, 2022 – Black Knight, Inc. General; KMU Students and Alumni; Market Solutions; Education; Idea Hub Status Center. Optimal Blue’s secondary solutions then extend into loan trading with ResiTrader, a loan trading platform which represented $1. BBB Start with Trust ®. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. | Optimal Blue, a division of Black. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. This all but confirms speculation from lenders that Empower wasn’t a major factor in the. 1 deadline for Black Knight stockholders to choose the. While the year-over-year (YoY) change is down significantly from March 2022’s record pace of 18. | Optimal Blue, a division of Black. Optimal Blue | 9,886 followers on LinkedIn. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight, Inc. mortgage industry and is fully integrated with the. Black Knight set a deadline of Sept. MAXEX is an approved seller to Fannie Mae, a government agency that provides liquidity to low- and moderate-income mortgage borrowers. EDT 1 Min Read. Subscribe. (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. 60%. Black Night’s Optimal Blue is sold. Optimal Blue recognized for its innovative and impactful solutions in the U. 2, 2014, and renamed Black Knight Financial Services. or on-the-go. Visit Company Page. (or the proposed divestiture of Black Knight’s Optimal Blue business or. 07% at the end of the monthThe Optimal Blue Mortgage Market Indices™ or OBMMI™ are uniquely positioned to provide unparalleled transparency into mortgage rates by utilizing observed, real-time lock data from approximately 42% of the market. Adeptive Software. Brad Finkelstein. ICE Mortgage Technology announced plans to. brad-finkelstein-8b2b9a5/. Optimal Blue | 10,315 followers on LinkedIn. Our technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. 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. | Optimal Blue, a division of Black. residential mortgage process, from consumer engagement through loan registration. Black Knight acquired Optimal Blue, a company providing secondary marketing automation. Plaid. As a group, ICE's customers are the largest consumer of Optimal Blue. com (212) 656-2490 Damon Leavell damon. 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. Optimal Blue | 10,844 followers on LinkedIn. This LOS is especially powerful for large companies,. 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. February 14, 2023, 4:12 p. We follow an iterative release cycle, so we have a release about every 3-4 weeks. First Horizon Bank. website maker Intercontinental Exchange Inc. Current Mortgage Rates Today: Nov. But MERS is now getting a competitive threat from Blue Sage Solutions, First American Docutech and Figure Technologies called Digital Asset Registration Technologies. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. residential mortgage process, from consumer engagement through loan registration. The companies expect to complete the divestiture of Empower and Optimal Blue 20 days after completing the merger. However, Black Knight only. 41%, with FHA at 7. President & Chair -ICE Mortgage Technology, Intercontinental Exchange, Inc. Optimal Blue offers a SaaS marketplace platform connecting mortgage originators and investors. 14% at Mortgage News Daily two weeks ago, was 6. Brad Finkelstein. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 5% from July, driven by a 1. 1 trillion of rate locks and processes more than 500 million rate searches annually. Intercontinental Exchange, Inc. com (212) 656-2490 Damon Leavell damon. 83% in October before clawing back to 7. Optimal Blue Status Center Home Forums . Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. | Optimal Blue, LLC, operates the. (ICE) and Black Knight Inc. In partnering with CMS, Lender Price beat out rival PPE solutions like Black Knight’s Optimal Blue,. To win approval from regulators to merge with Intercontinental Exchange (ICE), Black Knight plans to sell 2 businesses to. Oct 1999 - Oct 201415 years 1 month. Anow. 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. 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. Black Knight ‘s Optimal Blue released a product comparison feature in the company’s cloud-based Loansifter product, pricing and eligibility (PPE) engine for mortgage brokers. A . Full year 2023 ICE Mortgage Technology (IMT) revenues including the. She is also a Licensed Real Estate Broker and has. ICE’s Encompass Product and Pricing Service PPE (EPPS) is a close second, it notes. EDT 3 Min Read. – March 4, 2022 – ICE Mortgage Technology TM, part of Intercontinental Exchange, Inc. Optimal Blue | 9,985 followers on LinkedIn. First American Docutech. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. | Optimal Blue, a division of Black. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Loan compliance is easy with the use of Mavent through Encompass. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight. (or the proposed divestiture of Black Knight’s Optimal Blue business or. Optimal Blue | 10,353 followers on LinkedIn. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. The companies said Black Knight will sell Optimal Blue to a subsidiary of Constellation Software Inc. 3%. It can be easy to over customize Encompass because of its flexibility. Spotify. Kevin Foley, CFA, Director of Product Management at Optimal Blue, highlights a few new benefits with the new Encompass Partner Connect integration. ICE Mortgage Technology Partners. Black Knight is hiring an MSR Account Manager in its Optimal Blue division. The new terms call for approximately $68 in cash and 0. 8. Optimal Blue, a division of Black Knight, operates the mortgage industry’s digital marketplace. Optimal Blue | 10,973 followers on LinkedIn. In May,. | Optimal Blue, a division of Black. Black Knight acquired Optimal Blue, a company providing secondary marketing automation. ICE closed an $11. Navigation is very easy and intuitively obvious to the user. ”) (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. MAXEX delivers daily pricing to Optimal Blue, a leading mortgage. Shares of Black Knight rose 4. Led a team that was responsible for business development throughout the mortgage. Together, we transform, streamline and automate industries to connect our customers to opportunity. "Importantly, 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," he said. The third-largest loan origination system provider, Mortgage Cadence, sees an opportunity to pick up business if the merger between No. Black Knight integrates Wolters Kluwer's tech with digital mortgage closing solution SA News Thu, Feb. By Niket Nishant. Optimal Blue | 10,619 followers on LinkedIn. Accessible via the Optimal Blue API Developer. Optimal Blue | 10,860 followers on LinkedIn. S. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that the ICE Experience Conference is being. Jan 2013 - Sep 20152 years 9 months. (ICE), and its top competitor, Black Knight, Inc. 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. Get directions. 25910 Acero. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 58. Sep 05, 2023 By Sarah Wheeler. 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. 18%, VA at 7. 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. Jul 17, 2023. Intercontinental Exchange, Inc. June 21, 2022, 1:36 pm By David Stevens, CMB. S. | Optimal Blue, LLC, operates the. Optimal Blue | 10,868 followers on LinkedIn. Optimal Blue | 9,922 followers on LinkedIn. Begin your automation journey by automating the appraisal ordering process. 1 percent) and the Producer Price Index (-. 16% the previous week. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 475 billion in sales again this year after buying out partners in Optimal Blue. 0. ICE was up 1. General; KMU Students and Alumni; Market Solutions; Education; Idea Hub Status Center. | Optimal Blue, LLC, operates the. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. , Nov. linkedin. 38% for the month, 17 basis points lower than March's average ; The 10-year Treasury yield ended April at 3. | Optimal Blue, LLC, operates the. (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. | Optimal Blue, a division of Black. EPPS provides only the most basic functionalities of aggregating and displaying mortgage rate pricing. Black Knight Inc. | Optimal Blue, a division of Black. Let us help transform your operations to achieve your strategic goals and. This Marketplace Platform connects lenders, investors and vendors with comprehensive secondary. | Optimal Blue, a division of Black. New innovation actually comes from better integrations, so by creating even more openness within the Black Knight products, we will make it easier for other systems to integrate. 25% mark, the highest level in over 20 years. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. | Optimal Blue, a division of Black. Optimal Blue | 10,863 followers on LinkedIn. Visit Company Page. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 9 billion deal to buy Black Knight after satisfying regulators' concerns. | Optimal Blue, LLC, operates the. bradley. At ICE Mortgage Technology, we are transforming and digitizing the U. (NYSE: ICE) and Black Knight, Inc. | Optimal Blue, a division of Black. With the best products and pricing from the industry's leading investors, lenders of all sizes can automate secondary marketing to deliver best fit financing and make dreams possible. 5% to $74. as does ICE Mortgage Technology, provider of the Encompass loan origination system. the FTC said that the merger would push customers to use ICE mortgage services and products. Arch Mortgage Insurance. S. S. (NYSE: BKI), a software, data and analytics company that serves the housing finance continuum, including real estate. This data is aggregated daily and split in informative and novel ways, covering not only conventional 30- and 15-year fixed. 9% decrease in purchase volume The Optimal Blue Mortgage Market Indices 30-year conforming rate rose 33 basis points during the month to close at 7. Consumers today will get slightly better mortgage pricing, as the 10-year yield has drifted lower a tad this morning. S. ICE Mortgage Technology is a leading cloud-based platform provider for the mortgage finance industry. Fannie Mae. 25% in the first week of April before finishing at 6. 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. (NYSE:BKI) announced today the addition of ICE Mortgage Rate Lock Index Futures within. | Optimal Blue, a division of Black. Visit Company Page. S. Optimal Blue supports the industry's largest network for secondary market buyers and sellers on its premier Marketplace Platform. So, if you take a look at somebody like ICE as a for instance, so they’ve got MERS. Optimal Blue | 10,818 followers on LinkedIn. Use the CB Insights Platform to explore Optimal Blue's full profile. MAXEX integrates into Encompass Investor Connect and delivers daily pricing to EPPS, ICE’s product & pricing engine (PPE). ICE Mortgage Technology solutions enable lenders to originate more loans, lower origination costs, and. Optimal Blue Status Center Home Forums . For reprint and licensing. 97% on Wednesday. Thoma Bravo took Ellie Mae private in a $3. Brad Finkelstein. Under the proposed order, Black Knight's Optimal Blue and Empower businesses will be sold to Constellation Software (OTCPK:CNSWF). U. 25% in August, the highest level in more than 20 years, before settling to 7. Optimal Blue offers a SaaS marketplace platform connecting mortgage originators and investors. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. For reprint and licensing. We see Optimal Blue as a profit center, we don't see it as a cost. - Informational - Service informational message available - Due to a technical issue, for loans submitted using Encompass Investor Connect on 11/09 and 11/10, if your loan delivery status remains in. 415-212-8469. Optimal Blue | 10,801 followers on LinkedIn. ICE and Black Knight also reduced the deal value to around $11. After the Optimal Blue agreement, the FTC agreed Aug. (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. BESTX™ Mortgage Insurance Quotes in Optimal Blue Optimal Blue has partnered with all six mortgage insurance (MI) companies to create an easy way to compare MI provider premium quotes for the most common MI types in one step. At ICE Mortgage Technology, we are transforming and digitizing the U. Optimal Blue prices and locks 40% of U. Toronto-based Constellation’s Perseus operating group will pay US$200-million in cash for Optimal Blue, which provides data services to the mortgage industry, and will finance the rest with a US. | Optimal Blue, a division of Black. The companies declined to answer questions about the revised terms or the asset sale, including whether the reduced compensation was related to. 25% in August, the highest level in more than 20 years, before settling to 7. The two firms will complete the divestiture of Black Knight’s Empower and Optimal Blue within 20. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight. 71%, compared with 6. 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. Some in the industry are concerned that ICE will now dominate the mortgage technology market. , September 05, 2023--Intercontinental Exchange, Inc. 16. JACKSONVILLE, Fla. . – Sept. ’s (ICE) proposed $11. Intercontinental Exchange (ICE) can now move ahead with its $12 billion takeover of mortgage software company Black Knight after the Federal Trade Commission dismissed a court case aiming to halt. ICE’s EPPS also competes directly with Black Knight’s Optimal Blue PPE for the business of lenders using ICE’s Encompass LOS. . 6 called on regulators to reject the transaction because ICE, which also owns the New York Stock Exchange among other entities, already poses broad systemic risks to the economy. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. (“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. Visit Company Page. drew closer to Intercontinental Exchange Inc. Encompass Product & Pricing Service ™ is a robust pricing engine integrated into the Encompass Digital Mortgage Solution. Optimal Blue is a mortgage automation platform that helps automate pipeline management. | Optimal Blue, LLC, operates the. (ICE), Keefe, Bruyette & Woods (KBW. The Top Mortgage Product Pricing Engines are: 1) Optimal BlueOptimal Blue | 9,985 followers on LinkedIn. 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. September 15, 2020. POS PARTNER POS NAME LIVE RATESTAR® RATE CARD USER GUIDE BeSmartee BeSmartee X CloudvirgaTM (A Stewart Company) Consumer & Originator Point-of-Sale X FinastraTM Originate Mortgagebot (Formerly MortgagebotPOSTM) X Mortgage Coach ®Mortgage Coach X X. Get eligible products and interest rates in seconds and maintain compliance requirements, all in one place. According to the Optimal Blue Mortgage Market Indices, 30-year conforming rates climbed above 7. residential mortgage process, from consumer engagement through loan registration. May 24, 2022, 11:20 a. Optimal Blue. Let us show you what our integrated technology, data and analytics solutions can do for your business. 15, 2020 – Black Knight, Inc. Media requests and inquiries: Samantha MacKendrick. Verified User. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 1 bn for the Servicing (MSP) and Product Pricing (Optimal Blue) platforms. Empower, Optimal Blue and all the other current offerings. Hosted and on-premises options available. residential mortgage process, from consumer engagement through loan registration. Published July 17, 2023 Getty Images Key Takeaways ICE and Black Knight are selling Black Knight's Optimal Blue business. Share this article. "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. 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. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Together, we transform, streamline and automate industries to connect our customers to opportunity. ICE will have to notify the FTC before acquiring another PPE for the next 10 years, according to the order. ICE Media Contact: Josh King josh. com. | Optimal Blue, a division of Black. View mortgage calculators to find out what you qualify for, compare mortgages, and see what impact. (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. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. PRODUCT. BBB Directory of Mortgage Banker near Victoria, BC. | Optimal Blue, a division of Black. & PRICING. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Units: Percent, Not Seasonally Adjusted Frequency: Daily Notes: Optimal Blue Mortgage Market Indices™ (OBMMI™) is calculated from actual locked rates with consumers across over one-third of all mortgage transactions nationwide. 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. Pleasanton, CA. 07% at the end of the month; Overall rate lock volumes were down for the third consecutive month, falling 1. 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. (ICE) and Black Knight Inc. Visit Company Page.