| Optimal Blue, a division of Black. Cookies are used to offer you a better browsing experience. Optimal Blue's live modeling functionality and exclusive Shock Analysis tools enable lenders to easily compare current hedge positions to modeled position and: Maintain. | Optimal Blue, a division of Black. The Commission voted 3-0 to accept the consent order, according. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight, Inc. mortgage industry and is fully integrated with the. (NYSE:BKI) announced today the addition of ICE Mortgage Rate Lock Index Futures within CompassPoint, the leading risk. 18%, VA at 7. mortgages, provides services to 62% of the top 50 lenders, supports $2. The 30-year fixed rate for conventional loans, which hit 7. Under the terms of the proposed order, Black Knight’s Optimal Blue business and Empower business, along with certain related products, will be divested to Constellation Web Solutions Inc. S. Senior leadership from Optimal Blue depart Constellation after acquisition. 8. kersch@bkfs. Together, we transform, streamline and automate industries to connect our customers to opportunity. The Commission voted 3-0 to accept the consent order, according. A pricing engine is an automated software solution that allows the mortgage originator to enter variables like employment details, credit details, and desired loan details. Brad Finkelstein. 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. | Optimal Blue, a division of Black. 5% from July, driven by a 1. “We. This Marketplace Platform connects lenders, investors and vendors with comprehensive secondary. 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. 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. | Optimal Blue, a division of Black. January 4, 2021. Share. Under the proposed order, Black Knight's Optimal Blue and Empower businesses will be sold to Constellation Software (OTCPK:CNSWF). ICE affirmed that Optimal Blue is still available to its customers, who are the largest consumers of Optimal Blue Solutions. 09/15/2023 - 08:30 AM . Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Optimal Blue, a division of Black Knight, delivers powerful solutions for the secondary market. 16% the previous week. Optimal Blue | 9,926 followers on LinkedIn. 58. Kevin Foley, CFA, Director of Product Management at Optimal Blue, highlights a few new benefits with the new Encompass Partner Connect [email protected]. Optimal Blue | 10,053 followers on LinkedIn. | Optimal Blue, a division of Black. ICE Mortgage Technology 38,933 followers 4d Registration is open! Making meaningful, in-person connections is at the heart of ICE Experience. to address antitrust concerns. 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. Black Night’s Optimal Blue is sold. At ICE Mortgage Technology, we are transforming and digitizing the U. Intercontinental Exchange, Inc. Flueid. Optimal Blue | 10,107 followers on LinkedIn. com ICE Investor Contact: Katia Gonzalez katia. OBMMI includes multiple mortgage pricing indices developed around the most popular products and specific borrower and loan level attributes. Full year 2023 ICE Mortgage Technology (IMT) revenues including the. ICE closed an $11. | Optimal Blue, a division of Black. As a group, ICE's customers are the largest consumer of Optimal Blue. 14% at Mortgage News Daily two weeks ago, was 6. 5, and subsequently in separate deals, Intercontinental Exchange had to sell the Empower loan origination system and Optimal. residential mortgage process, from consumer engagement through loan registration. This means that Optimal Blue generated around $100 million in adjusted EBITDA. linkedin. [email protected] User. Hosted and on-premises options available. 25910 Acero. U. (NYSE: ICE) and Black Knight, Inc. Black Knight set a deadline of Sept. | Optimal Blue, a division of Black. | Optimal Blue, LLC, operates the. The mortgage software giant expects to break its 2021 record of $1. Originations Editor, National Mortgage News. S. Pleasanton, CA. included an agreement that will give ICE mortgage technology clients access to Optimal Blue’s data services under its new ownership. 1 trillion of rate locks and processes more than 500 million rate searches annually. 95% for FHA loans closed in the 30 days ending August 30, 2023, according to Optimal Blue's Mortgage Market Indices. Loan pricing in an instant, with total confidence. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 9X on a pro forma. Optimal Blue | 10,660 followers on LinkedIn. mortgage industry and is fully integrated with the CompassPoint. Optimal Blue. Exclusive Access to Featured Speakers, Breakout Sessions, and Trainings. ICE Mortgage Technology is a leading cloud-based platform provider for the mortgage finance industry. According to the Optimal Blue Mortgage Market Indices, 30-year conforming rates climbed above 7. Participants may also listen via telephone by dialing 833. mortgage and housing markets. 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. The proposed settlement ensures Black Knight’s divestiture of Empower and Optimal Blue, two businesses that provide critical services in the. king@ice. ARMCO. or on-the-go. 78%, climbing 37 basis points (bps) from the end of. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Discover breaking news, updates and industry trends, as well as all of the latest information that you need to know about Optimal Blue. To support the acquisition, ICE has agreed to divest Black Knight’s Optimal Blue and Empower loan origination system (LOS) businesses to subsidiaries of Constellation Software – which are. Under. – March 4, 2022 – ICE Mortgage Technology TM, part of Intercontinental Exchange, Inc. com (678) 981. MAXEX is an approved seller to Fannie Mae, a government agency that provides liquidity to low- and moderate-income mortgage borrowers. Under terms of the divestiture agreement, Constellation will acquire Black Knight’s Optimal Blue business for $700 million. 25% in August, the highest level in more than 20 years, before settling to 7. | Optimal Blue, LLC, operates the. com uses cookies on this site. Optimal Blue | 10,596 followers on LinkedIn. When the data is submitted, the pricing engine returns different loan pricing scenarios based on a borrower’s unique profile. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. | Optimal Blue, a division of Black. 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. drew closer to Intercontinental Exchange Inc. Optimal Blue is a product and pricing engine that enables mortgage originators to quote rates to borrowers and helps them get the best price for the loan in the secondary market. 3%. 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. 9 billion deal to buy Black Knight after satisfying regulators' concerns. At ICE Mortgage Technology, we are transforming and digitizing the U. While ICE’s mortgage technology operations serve business customers, Sprecher said the merged company will be able to provide data that. Polly. It can be easy to over customize Encompass because of its flexibility. (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. We follow an iterative release cycle, so we have a release about every 3-4 weeks. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. General; KMU Students and Alumni; Market Solutions; Education; Idea Hub Status Center. S. Dark Matter Technologies, which completed the acquisition of Black Knight’s Empower and Optimal Blue last week, will be working towards a smooth transition over to Constellation Software with. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. , September 05, 2023--Intercontinental Exchange, Inc. Optimal Blue offers a SaaS marketplace platform connecting mortgage originators and investors. BC Mortgage Agent serving Vancouver Island - Victoria BC Mortgages, Mortgage Broker Rates, Mortgage Broker Calculators, Find a Mortgage. "ICE's determination to move forward with the purchase, even being willing to divest Empower and Optimal Blue, implies that they see significant vertical integration pricing advantages of becoming the dominant player in software services for both mortgage origination and servicing," the letter said. , a global provider of data, technology and market infrastructure, in connection with its acquisition of Black Knight, has completed the sale of Black Knight’s Optimal Blue and Empower loan origination system (LOS) businesses to the Perseus operating group, a subsidiary of Constellation Software. , now part of Intercontinental Exchange, Inc. A live audio webcast of the conference call will be available on the company’s website at in the investor relations section. 16. The Optimal Blue PPE's. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. website maker Intercontinental Exchange Inc. Encompass CRM by ICE Mortgage Technology. | Optimal Blue, LLC, operates the. 1 percent). Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. ICE already offers its own popular mortgage loan. The FTC dropped a lawsuit challenging the purchase after ICE agreed to divest some Black Knight. (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. mortgage industry and is fully. Mortgage Executive Magazine selects LPS as one of the Top 50 Mortgage Service Providers in America. Back. ICE Mortgage Technology President Tim Bowler on mortgage automation . (or the proposed divestiture of Black Knight’s Optimal Blue business or. Visit Optimal Blue Published July 17, 2023 Getty Images Key Takeaways ICE and Black Knight are selling Black Knight's Optimal Blue business. | Optimal Blue, a division of Black. CompassPoint is offered by Optimal Blue, a leader in end-to-end technology solutions designed specifically for the secondary marketing industry. Optimal Blue | 9,931 followers on LinkedIn. 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. Optimal Blue | 10,072 followers on LinkedIn. Optimal Blue. Mortgage lenders may be losing control of their LOS options. Optimal Blue | 10,902 followers on LinkedIn. Mission Viejo, CA 92691, US. Blue Sage Solutions Blue Sage LOS X X X X Byte Software BytePro X X X X Calyx Software® Path® X X X X Constellation Mortgage Solutions Mortgage Builder LOS/NOVA X X X X FICS ®Loan Producer X X X FinastraTM Fusion MortgagebotLOSTM X X X X Fiserv® Mortgage Director X X X X ICE Mortgage TechnologyTM Encompass® X X X X According to the Optimal Blue Mortgage Market Indices, 30-year conforming rates climbed above 7. | Optimal Blue, a division of Black. ICE rival Black Knight made its competing of Optimal Blue Mortgage Market Indices (OBMMI) available on Nasdaq’s Global Index Data Service (GIDS) platform in July 2020. | Optimal Blue, LLC, operates the. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Doc Solutions in Encompass is a great way to stay in compliance with all state regulations. 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. 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 | 10,109 followers on LinkedIn. Published July 17, 2023 Getty Images Key Takeaways ICE and Black Knight are selling Black Knight's Optimal Blue business. Optimal Blue, which has a 40% share of product and pricing engine users, is another possible regulatory concern. 8 percent from one week earlier, according to data from MBA. So, if you take a look at somebody like ICE as a for instance, so they’ve got MERS. At ICE Mortgage Technology, we are transforming and digitizing the U. , the FTC has filed a joint stipulation for dismissal alongside. 07% at the end of the month; Overall rate lock volumes were down for the third consecutive month, falling 1. Optimal Blue | 9,886 followers on LinkedIn. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. President & Chair -ICE Mortgage Technology, Intercontinental Exchange, Inc. Visit Company Page. HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year fixed rate for conventional loans at 7. JACKSONVILLE, Fla. CONNECTIONS. finkelstein@arizent. BBB Directory of Mortgage Banker near Victoria, BC. Capabilities include product, pricing and eligibility, hedge analytics, loan trading, MSR valuation, social media monitoring and publishing, and counterparty oversight. residential mortgage process, from consumer engagement through loan registration. Optimal Blue, a Division of Black Knight, Adds ICE Mortgage Rate Lock Index Futures to CompassPoint, Leading Hedge Analytics and. Thoma Bravo took Ellie Mae private in a $3. 8. Black Night’s Optimal Blue is sold. – Sept. (NYSE: ICE) and Black Knight, Inc. mortgage data vendor Black Knight will sell its Optimal Blue business for $700 million, shedding a second unit to soothe regulatory concerns over its proposed. Optimal Blue Status Center Home Forums . The companies said Black Knight will sell Optimal Blue to a subsidiary of Constellation Software 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. 1 billion acquisition of Black Knight, Inc. Full year 2023 ICE Mortgage Technology (IMT) revenues including the. The companies expect to complete the divestiture of Empower and Optimal Blue 20 days after completing the merger. 44%, pushing the spread with mortgage rates back above 3%,. This data is aggregated daily and split in informative and novel ways, covering not only conventional 30- and 15-year fixed rate. Optimal Blue | 10,857 followers on LinkedIn. 02/27/2023 03:01 PM EST. Shares of Black Knight rose 4. Optimal Blue | 10,844 followers on LinkedIn. Through advanced, yet turnkey integrations with +70 mortgage technology vendors, we have embedded the power of Optimal Blue inside of whatever. , September 05, 2023--Intercontinental Exchange, Inc. This expanded suite of futures will help lenders better manage their interest. Optimal Blue | 10,551 followers on LinkedIn. 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. A trio of top leaders at Optimal Blue have exited the company several weeks after Constellation Software closed on the purchase from Black Knight, the new owners confirmed. Dark Matter Technologies, which completed the acquisition of Black Knight’s Empower and Optimal Blue last week, will be working towards a smooth transition over to Constellation Software with. The Federal Trade Commission is expected to challenge the $13 billion takeover of mortgage data company Black Knight by financial services giant Intercontinental Exchange. 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. Company Summary - Optimal Blue, which is a division of Black Knight, continues to be one of the leading mortgage digital. The companies expect to complete the divestiture of Empower and Optimal Blue 20 days after completing the merger. 7, 2022 – Black Knight, Inc. (or the proposed divestiture of Black Knight’s Optimal Blue business or. | Optimal Blue, LLC, operates the. Jul 17, 2023. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. The companies declined to answer questions about the revised terms or the asset sale, including whether the reduced compensation was related to. Optimal Blue’s BESTX™ MI is the most efficient way for loan officers to find the mortgage insurance option that. finkelstein@arizent. She is also a Licensed Real Estate Broker and has. 1 percent) and the Producer Price Index (-. A live audio webcast of the conference call will be available on the company’s website at in the investor relations section. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. According to the Optimal Blue Mortgage Market Indices, 30-year conforming rates climbed above 7. Empower, Optimal Blue and all the other current offerings. Optimal Blue | 10,144 followers on LinkedIn. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. TORONTO, ON September 15, 2023 – Constellation Software Inc. Let us help transform your operations to achieve your strategic goals and. 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. By continuing to use our service, you agree to our use of cookies. June 21, 2022, 1:36 pm By David Stevens, CMB. ICE ; Fannie Mae on Q4. Together, we transform, streamline and automate industries to connect our customers to opportunity. ’s (ICE) proposed $11. First Horizon Bank. Current Mortgage Rates Today: Nov. Optimal Blue | 9,901 followers on LinkedIn. 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. Optimal Blue delivers the industry's leading Product, Pricing and Eligibility (PPE) engine that prices over 40% of locks in the U. Rates are now roughly a quarter point higher than the highs in fall 2022. Optimal Blue's Marketplace Platform provides integrated secondary marketing solutions to more than 2,000 clients nationwide, including hundreds of Ellie. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. May 24, 2022, 11:20 a. Visit Company Page. 78. At ICE Mortgage Technology, we are transforming and digitizing the U. (NYSE:BKI) announced today the addition of ICE Mortgage Rate Lock Index Futures within. – Sept. In May,. 11, as well as its gross leverage ratio to 3. The number of undocumented Indians in the U. | Optimal Blue, LLC, operates the. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Use the CB Insights Platform to explore Optimal Blue's full profile. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight. Optimal Blue is a mortgage automation platform that helps automate pipeline management. † ‡ 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. The Optimal Blue Mortgage Market Indices showed 30-year conforming rates dipping below 6. Optimal Blue | 10,504 followers on LinkedIn. | Optimal Blue, a division of Black. (ICE), Keefe, Bruyette & Woods (KBW. This all but confirms speculation from lenders that Empower wasn’t a major factor in the. Optimal Blue | 10,850 followers on LinkedIn. 8. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. At a key moment in Intercontinental Exchange's proposed purchase of Black Knight, the leadership at ICE Mortgage Technology is changing as Joe Tyrrell, the unit's president, is leaving the company. S. By contrast, Black Knight’s Optimal Blue PPE is a standalone commercial PPE available on more than a dozen LOS platforms. Optimal Blue supports the industry's largest network for secondary market buyers and sellers on its premier Marketplace Platform. The agency said Black Knight’s Optimal Blue unit is the dominant PPE system, “a software used to identify and secure loan rates when generating a mortgage,” and ICE operates Optimal Blue’s largest rival. 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. Loan compliance is easy with the use of Mavent through Encompass. Familiar with Ellie Mae/ICE Mortgage Technology web portals, TPO Connect, Webcenter, Consumer Connect, Blend, Simple Nexus, MSP, Simple Nexus, Meridian Link, Optimal Blue and Cloud Virga. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Consumers today will get slightly better mortgage pricing, as the 10-year yield has drifted lower a tad this morning. S. The third-largest loan origination system provider, Mortgage Cadence, sees an opportunity to pick up business if the merger between No. CompassPoint is offered by Optimal Blue, a leader in end-to-end technology solutions designed specifically for the secondary marketing industry. Optimal Blue | 11,083 followers on LinkedIn. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Analysts at investment banking firm Keefe, Bruyette & Woods (KBW) had said a divestiture of Black Knight’s Optimal Blue would be a feasible path to guarantee the. | Optimal Blue, a division of Black. By Niket Nishant. Verified User. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Intercontinental Exchange, Inc. Optimal Blue | 10,845 followers on LinkedIn. | Optimal Blue, a division of Black. 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. 7B deal in February 2019. Optimal Blue | 10,867 followers on LinkedIn. IPO / M&A Mortgage Origination Technology ICE, Black Knight merger deal to close September 5. Our technology solutions enable lenders to originate more loans,. 1 deadline for Black Knight stockholders to choose the. 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 Tomasello, an analyst at Keefe, Bruyette & Woods. YoY home price appreciation (HPA) varied significantly among the 60 largest metros. | Optimal Blue, a division of Black. To satisfy antitrust regulators, ICE divests itself of Black Knight's loan origination and mortgage pricing business, but gets. 7, 2022 – Black Knight, Inc. Begin your automation journey by automating the appraisal ordering process. com (904) 854-5043Mortgage product and pricing engine from Optimal Blue; A digital point-of-sale solution to streamline the mortgage application process; A digital close solution with eDelivery and eSigning. | Optimal Blue, a division of Black. – Sept. Dubbed the. Oct 1999 - Oct 201415 years 1 month. Optimal Blue is the leading provider of enterprise secondary marketing automation in the mortgage industry, with its platform locking 34% of mortgages completed nationwide. Velocify, Five9, Optimal Blue, Smartfees, Consumer Connect/Digital Mortgage, Business Development, JIRA, Confluence. residential mortgage process, from consumer engagement through loan registration. gonzalez@ice. 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. 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. the possibility that the proposed divestitures of Black Knight’s Optimal Blue business. Optimal Blue, a division of Black Knight, delivers powerful solutions for the secondary market. Optimal Blue | 9,974 followers on LinkedIn. OPTIMAL BLUE PPE. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Optimal Blue, a Division of Black Knight, Adds ICE Mortgage Rate Lock Index Futures to CompassPoint, Leading Hedge Analytics and MSR Valuation Platform. Optimal Blue | 10,318 followers on LinkedIn. | Optimal Blue, a division of Black. | Optimal Blue, a division of Black. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Black Knight, ICE and the FTC asked for a delay as the planned sale of Optimal Blue in July requires time for the FTC staff to analyze the implications of the divestiture and discuss a potential. 8. Two firms will complete the divestiture of Black Knight's Empower business and Optimal Blue within 20 days. | Optimal Blue, a division of Black. National Mortgage Professional, July 17, 2023-David Krechevsky Intercontinental Exchange Inc. Optimal Blue | 10,060 followers on LinkedIn. EST 2 Min Read. Get directions. Suite 260. ICE Mortgage Technology Resource Center - Operating Normally - Service operating normally ICE. Optimal Blue | 10,569 followers on LinkedIn. com (212) 323-8587 media@ice. king@ice. Optimal Blue | 10,418 followers on LinkedIn. Optimal Blue supports the industry's largest network for secondary market buyers and sellers on its premier Marketplace Platform. as does ICE Mortgage Technology, provider of the Encompass loan origination system. Optimal Blue | 10,801 followers on LinkedIn. Today, Black Knight, Inc. The settlement comes after Black Knight agreed to divest a portion of its company, including selling Optimal Blue to Constellation Software for $700 million. 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. S. Since 1985, Byte has provided innovative mortgage workflow solutions that are simple to implement, use and administrate. Stay tuned for updates. For reprint and licensing. The FTC had initially expressed concern that the [email protected] Blue prices and locks 40% of U. S. ICE had valued the transaction at $85 per Black Knight share. ICE’s Encompass Product and Pricing Service PPE (EPPS) is a close second, it notes. m. Optimal Blue | 9,948 followers on LinkedIn. m. ICE Media Contact: Josh King josh. Optimal Blue | 10,866 followers on LinkedIn. 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. 1 for its stockholders to decide if they want to receive. Amrock. Black Knight ready to sell Empower to address antitrust concerns. ICE’s EPPS also competes directly with Black Knight’s Optimal Blue PPE for the business of lenders using ICE’s Encompass LOS. Some in the industry are concerned that ICE will now dominate the mortgage technology market. View mortgage calculators to find out what you qualify for, compare mortgages, and see what impact. Optimal Blue | 11,010 followers on LinkedIn. Optimal Blue delivers the industry's leading Product, Pricing and Eligibility (PPE) engine that prices over 40% of locks in the U. 15, 2020 – Black Knight, Inc. 7, 2022 – Black Knight, Inc. 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. (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. Led a team that was responsible for business development throughout the mortgage. “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. That is on top of the "unrivaled power" ICE would have in the U. Participants may also listen via telephone by dialing 833. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 2, 2014, and renamed Black Knight Financial Services. ’s takeover offer as Wall Street bolstered bets the deal will go through after the mortgage software provider sold. 475 billion in sales again this year after buying out partners in Optimal Blue. It can be easy to over customize Encompass because of its flexibility. ÐÏ à¡± á> þÿ 4 “ þÿÿÿ ] ^ _ ` a b c d e f g h i j k l m n o p q r s t u v w x y z { | } ~ € ‚ ƒ „. We’ve also received October retail sales (-. 1 billion mega-deal. So we think we can bring a lot of those. 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. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. September 15, 2020. | Optimal Blue, LLC, operates the. S. Optimal Blue | 10,401 followers on LinkedIn. | Optimal Blue, a division of Black. It gives lenders the ability to provide real-time results to potential borrowers.