Company Profile
Black Knight, Inc.
Company Overview
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.
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.
Company History
1962 - Black Knight’s earliest predecessor company, Computing and Statistical Services, is founded in Jacksonville, Fla.?
1969 - Computing and Statistical Services incorporates under its new name: Computer Power Inc. (CPI). Its primary offering is a powerful loan servicing technology platform called the Mortgage Servicing Package (MSP).
1992 - ALLTEL Corporation purchases CPI, which becomes a part of ALLTEL Information Services. ALLTEL Information Services’ financial services division provides technology applications for mortgage, banking and other financial services.
2002 - ALLTEL Information Services acquires Eastern Software and renames the loan origination technology solution Empower.
2003 - Fidelity National Financial (FNF), the nation’s largest title insurance company, purchases ALLTEL Information Services to expand its breadth of services. FNF renames its newly acquired mortgage and financial services technology division Fidelity Information Systems (FIS), and relocates FNF’s headquarters from Santa Barbara, Calif. to Jacksonville, Fla.
2006 - FNF purchases Certegy to expand its FIS division into check, credit and debit processing. FNF renames the combined FIS-Certegy division Fidelity National Information Services (FNIS) and spins it off into a separate publicly traded company (NYSE: FIS). FIS is named to the S&P 500 and recognized as the nation’s #1 bank technology company.
2008 - The mortgage processing and services portion of FIS is spun off into a separate publicly traded company named Lender Processing Services, Inc. (NYSE: LPS). LPS acquires McDash Analytics, which offers access to one of the largest loan-level databases of mortgage assets for benchmarking and analysis. McDash becomes part of LPS’ new Applied Analytics division.
2009 - LPS accomplishes the largest loan conversion in history after successfully converting 5 million loans for Chase Home Mortgage from Chase’s previous servicing system to LPS’ MSP platform.
LPS is named to the Fortune 1000, and is ranked #9 on the FinTech 100 list of top financial services technology providers.
LPS is recognized as one of Northeast Florida’s Best Places to Work.
2010 - LPS is named to Bloomberg/Business Week’s Top 100 Tech Companies in the U.S.
2011 - LPS is ranked #7 on the FinTech 100 list of top financial services technology providers.
2012 - LPS is ranked #877 on the Fortune 1000 list.
LPS is honored with the State of Florida’s 2012 Governor’s Innovators in Business Award.
2013 - LPS named #11 on the FinTech 100’s top financial technology providers for fiscal year 2012.
Mortgage Executive Magazine selects LPS as one of the Top 50 Mortgage Service Providers in America.
2014 - LPS is acquired by Fidelity National Financial on Jan. 2, 2014, and renamed Black Knight Financial Services.
In May, Black Knight is named to the list of Top 50 Mortgage Service Providers by Mortgage Technology magazine.
Black Knight is named by HousingWire as a Compliance All-Star
In Oct., Black Knight is named to the FinTech 100 list of the world’s leading providers of technology to the financial services industry.
2015 - Black Knight is named to HousingWire’s 2015 HW Tech 100, a list of the housing industry’s most innovative technology companies.
Black Knight’s MSP servicing platform is the only system to achieve the highest ranking in all four “Best-in-Class” categories in a CEB TowerGroup survey of nine leading loan servicing systems.
Black Knight begins trading on the New York Stock Exchange under the ticker symbol “BKFS” after a highly successful initial public offering.
The senior management team rings The Opening Bell® of the NYSE on Wall Street to mark the occasion.
Black Knight’s management team is presented a Gold Stevie Award by the American Business Awards for Management Team of the Year – Business Products or Services Industries category.
2016 - In May, Black Knight acquires eLynx, a leading provider of lending document and data delivery solutions, including eSign, eClose and eDelivery capabilities.
President and CEO Tom Sanzone is presented with the EY Entrepreneur of the Year – Florida Award for the Technology category.
In June, Black Knight acquires Motivity Solutions, a leading provider of customized mortgage business intelligence analytics that becomes part of Black Knight’s Origination Technologies division.
Forbes recognizes Black Knight as one of America’s Best Mid-Size Employers.
2017 - Black Knight is recognized by the Jacksonville Business Journal as one of Northeast Florida’s Best Places to Work.
Black Knight was presented an Above and Beyond Award by the U.S. Department of Defense ESGR Program.
In July, Black Knight Successfully converts more than 1 million home equity and private banking loans to the MSP servicing system for JPMorgan Chase.
On Oct. 2, FNF’s spin-off transaction of Black Knight is completed. As a newly independent company, Black Knight, Inc. begins trading on the New York Stock Exchange under the ticker symbol “BKI.”
In November, Black Knight announces that Ocwen Loan Servicing signs a seven-year contract for MSP to service residential mortgages, and home equity loans and lines of credit.
2018 - In January, Black Knight announces that CitiMortgage will implement Black Knight’s origination solutions, including the Empower loan origination system.
April 2018, Anthony Jabbour is named Chief Executive Officer.
On June 4, Black Knight acquires HeavyWater, a provider of artificial intelligence and machine learning (AI/ML) to the financial services industry, to help clients enhance efficiency, improve accuracy and mitigate risk through AI/ML technology.
Black Knight acquires Ernst Publishing Co., a leading provider of technology and closing cost data for the real estate and home finance industries.