09/15/2023 - 08:30 AM . | Optimal Blue, a division of Black. Optimal Blue | 10,137 followers on LinkedIn. | Optimal Blue, a division of Black. Optimal Blue | 9,926 followers on LinkedIn. #OBProductCorner 7Intercontinental Exchange, Inc. Optimal Blue supports the industry's largest network for secondary market buyers and sellers on its premier Marketplace Platform. While ICE’s mortgage technology operations serve business customers, Sprecher said the merged company will be able to provide data that. Constellation Software handed the keys to Empower, Optimal Blue To satisfy antitrust regulators, ICE divests itself of Black Knight's loan origination and. (Constellation), a provider of mortgage-related tools and software, along with certain related products. ICE and Black Knight also reduced the deal value to around $11. Fast forward: Then, last month, ICE also agreed to sell Black Knight's Optimal Blue product pricing and eligibility engine for $700 million. Visit Company Page. OPTIMAL BLUE PPE ATLANTA & NEW YORK & JACKSONVILLE, Fla. Lion Fire. com (212) 323-8587 media@ice. The Federal Trade Commission is expected to challenge the $13 billion takeover of mortgage data company Black Knight by financial services giant Intercontinental Exchange. 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. At ICE Mortgage Technology, we are transforming and digitizing the U. m. Optimal Blue. 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. Optimal Blue delivers a product, pricing and eligibility (PPE) engine that prices over 40% of locks in the U. 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. Exclusive Access to Featured Speakers, Breakout Sessions, and Trainings. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Through advanced, yet turnkey integrations with +70 mortgage technology vendors, we have embedded the power of Optimal Blue inside of whatever. | Optimal Blue, a division of Black. Optimal Blue | 10,143 followers on LinkedIn. Polly, a leading provider of innovative mortgage capital markets technology, has appointed. Optimal Blue | 9,931 followers on LinkedIn. 25% in August, the highest level in more than 20 years, before settling to 7. JACKSONVILLE, Fla. 7 billion deal, which combines the two top mortgage technology providers, would drive up costs, reduce innovation and limit lenders' choices. Optimal Blue | 11,083 followers on LinkedIn. For reprint and licensing. included an agreement that will give ICE mortgage technology clients access to Optimal Blue’s data services under its new ownership. Optimal Blue’s secondary solutions then extend into loan trading with ResiTrader, a loan trading platform which represented $1. (or the proposed divestiture of Black Knight’s Optimal Blue business or. Discover breaking news, updates and industry trends, as well as all of the latest information that you need to know about Optimal Blue. The Commission voted 3-0 to accept the consent order, according. President of ICE Mortgage Technology answers frequently asked questions about the acquisition . Kevin Foley, CFA, Director of Product Management at Optimal Blue, highlights a few new benefits with the new Encompass Partner Connect integration. 7, 2022 – Black Knight, Inc. For reprint and licensing. com (678) 981. Dubbed the. mortgages, provides services to 62% of the top 50 lenders, supports $2. PRODUCT. kersch@bkfs. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. This Marketplace Platform connects lenders, investors and vendors with comprehensive. They also announced a Sept. Lead QA Analyst. (ICE), Keefe, Bruyette & Woods (KBW. ICE Mortgage Technology is a leading cloud-based platform provider for the mortgage finance industry. | Optimal Blue, LLC, operates the. Optimal Blue, a Division of Black Knight, Adds ICE Mortgage Rate Lock Index Futures to CompassPoint, Leading Hedge Analytics and. MORTGAGE MARKET INDICES – OBMMI The most comprehensive and accurate daily rate indices. 415-212-8469. S. However, the deals to sell those units to Constellation Software Inc. ICE Mortgage Technology 38,933 followers 4d Registration is open! Making meaningful, in-person connections is at the heart of ICE Experience. 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. Private equity firm GTCR announced it acquired Plano, Texas-based Optimal Blue, a cloud-based provider of enterprise lending services to the mortgage industry. Harness the power of the industry’s most widely used mortgage pricing engine – anytime, anywhere. So we think we can bring a lot of those. mortgage data vendor Black Knight will sell its Optimal Blue business for $700 million, shedding a second unit to soothe regulatory concerns over its. 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. mortgage industry and is fully. Intercontinental Exchange, Inc. 97% on Wednesday. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Pros and Cons. 0682 shares of ICE stock per Black Knight share. 78. Optimal Blue | 10,913 followers on LinkedIn. 7, 2022 – Black Knight, Inc. 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. housing economy HousingWire. "As the largest distributor of Optimal Blue via our network, we remain very excited about the value and efficiencies that the combined ICE and Black Knight entities will bring to the end consumer as well as to other stakeholders across the mortgage ecosystem. For each release, I work with. JACKSONVILLE, Fla. Optimal Blue | 10,866 followers on LinkedIn. † ‡ 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. Visit Company Page. This expanded suite of futures will help lenders better manage their interest. 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. residential mortgage process, from consumer engagement through loan registration. Optimal Blue | 9,926 followers on LinkedIn. The mortgage software giant expects to break its 2021 record of $1. Intercontinental Exchange (ICE) has finalized its nearly $12 billion acquisition of Black Knight. Optimal Blue offers a SaaS marketplace platform connecting mortgage originators and investors. Moreno, Optimal Blue’s newly appointed vice president of sales. 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. Divestiture contingent on closing of ICE’s acquisition of Black Knight Intercontinental Exchange, Inc. 71%, compared with 6. “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. (NYSE: ICE) and Black Knight, Inc. The Federal Trade Commission is seeking a temporary restraining order to block International Exchange Inc. #OBProductCorner 7ENCOMPASS MADE EASY WITH CERTIFIED ENCOMPASS MORTGAGE TECHNOLOGY CONSULTANTS We are an ICE Mortgage Technology Premier. 44%, pushing the spread with mortgage rates back above 3%,. Optimal Blue’s BESTX™ MI is the most efficient way for loan officers to find the mortgage insurance option that. Connect one-way to launch out to Loansifter with your pre-filled search scenario. 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. Brad Finkelstein. Black Knight integrates Wolters Kluwer's tech with digital mortgage closing solution SA News Thu, Feb. | Optimal Blue, a division of Black. For example, the average 30-year fixed rate for VA loans was 6. Optimal Blue, which has a 40% share of product and pricing engine users, is another possible regulatory concern. 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. MAXEX integrates into Encompass Investor Connect and delivers daily pricing to EPPS, ICE’s product & pricing engine (PPE). Optimal Blue. finkelstein@arizent. In addition to selling Empower and Optimal Blue, FTC consent order would require ICE and Black Knight to seek prior approval before acquiring an interest in another loan origination system. 1 billion acquisition of Black Knight, Inc. MLO Shift. EST 2 Min Read. 390M+ rate searches and we lock 42% of mortgages completed annually. Optimal Blue | 10,973 followers on LinkedIn. Recently, Intercontinental Exchange (ICE) announced a plan to acquire Black Knight in a reported $13 billion deal that, if approved by federal. Optimal Blue | 10,619 followers on LinkedIn. Optimal Blue | 10,072 followers on LinkedIn. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight, Inc. May 17, 2022. --(BUSINESS WIRE)-- Intercontinental Exchange, Inc. Optimal Blue | 10,818 followers on LinkedIn. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Optimal Blue's Marketplace Platform provides integrated secondary marketing solutions to more than 2,000 clients nationwide, including hundreds of Ellie. Stay tuned for updates. announced this morning it will buy the Dallas-based company for $1. Brad Finkelstein. Optimal Blue delivers the industry's leading Product, Pricing and Eligibility (PPE) engine that prices over 40% of locks in the U. 8. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight, Inc. Visit Company Page. the FTC said that the merger would push customers to use ICE mortgage services and products. The companies said Black Knight will sell Optimal Blue to a subsidiary of Constellation Software Inc. Together, we transform, streamline and automate industries to connect our customers to opportunity. –(BUSINESS WIRE)–Intercontinental Exchange, Inc. | Optimal Blue, a division of Black. Besides what was known as Ellie Mae, ICE Mortgage Technology owns Simplifile and MERS. 8. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. S. Using this service, lenders can get rate sheets faster, keep. Brad Finkelstein. ICE affirmed that Optimal Blue is still available to its customers, who are the largest consumers of Optimal Blue Solutions. January 4, 2021. Optimal Blue is a mortgage automation platform that helps automate pipeline management. com Black Knight Media Contact: Michelle Kersch michelle. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Originations Editor, National. However, Black Knight only. ICE’s Encompass Product and Pricing Service PPE (EPPS) is a close second, it notes. 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. 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. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. ICE closed an $11. PLEASANTON, Calif. , Nov. Navigation is very easy and intuitively obvious to the user. 00%, and jumbo loans up to 7. 8. At ICE Mortgage Technology, we are transforming and digitizing the U. Hosted and on-premises options available. The settlement comes after Black Knight agreed to divest a portion of its company, including selling Optimal Blue to Constellation Software for $700 million. The number of undocumented Indians in the U. Black Knight set a deadline of Sept. Some in the industry are concerned that ICE will now dominate the mortgage technology market. 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. Intercontinental Exchange (ICE) and Black Knight announced Monday they have agreed to sell Black Knight's mortgage pricing platform, Optimal Blue, to a. Full year 2023 ICE Mortgage Technology (IMT) revenues including 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. Black Knight acquired Optimal Blue, a company providing secondary marketing automation. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets. The 30-year fixed rate for conventional loans, which hit 7. ICE Mortgage Technology’s Encompass IMT Open Network IMT Open Network • Encompass is ICE’s end-to-end, single system of record digital lending software. The companies announced a deal in March to. We are committed to making sure our clients and other mortgage professionals up to date on today's leading technology, the latest developments and new stories that feature our company, and the evolving mortgage. com. President & Chair -ICE Mortgage Technology, Intercontinental Exchange, Inc. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Capabilities include product, pricing and eligibility, hedge analytics, loan trading, MSR valuation, social media monitoring and publishing, and counterparty oversight. 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. S. (ICE) and Black Knight Inc. Accessible via the Optimal Blue API Developer. 72 on Monday, after gaining more than 12% since the deal was announced in May 2022. 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. In May,. A 10-year commercial agreement has been entered into that codifies and extends the two-decade long relationship. | Optimal Blue, a division of Black. Optimal Blue | 10,186 followers on LinkedIn. 21, 202330-year fixed mortgage rate: 7. 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. The FTC dropped a lawsuit challenging the purchase after ICE agreed to divest some Black Knight. September 7, 2022, 1:05 PM UTC. So we think we can bring a lot of those. 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. Black Night’s Optimal Blue is sold. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. As a premier provider of high-performance software, data and analytics solutions for the mortgage, real estate and capital markets industries, we offer a wide range of solutions to help automate many of the business processes across the entire homeownership life cycle. 7, 2022 – Black Knight, Inc. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Optimal Blue | 10,225 followers on LinkedIn. (NYSE: BKI), a software, data and analytics company that serves the housing finance continuum, including real estate. ICE’s Encompass Product and Pricing Service PPE (EPPS) is a close second, it notes. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 02/27/2023 03:01 PM EST. 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. On this episode, Editor in Chief Sarah Wheeler talks with reporter Connie Kim about the proposed acquisition of Black Knight by ICE and what Blend ’s earnings. OPTIMAL BLUE PARTNER NETWORK Largest secondary marketing network, turnkey connections with leading technology vendors. BBB Directory of Mortgage Banker near Victoria, BC. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Intercontinental Exchange, Inc. Optimal Blue | 10,942 followers on LinkedIn. S. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Under the proposed order, Black Knight's Optimal Blue and Empower businesses will be sold to Constellation Software (OTCPK:CNSWF). Stockhouse. 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. The Optimal Blue Mortgage Market Indices showed 30-year conforming rates dipping below 6. 25% in August, the highest level in more than 20 years, before settling to 7. 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. The mortgage tech and service provider announced the acquisition of two companies in January of 2021 alone. Shares of Black Knight Inc. We follow an iterative release cycle, so we have a release about every 3-4 weeks. S. Optimal Blue | 10,569 followers on LinkedIn. Together, we transform, streamline and automate industries to connect our customers to opportunity. Optimal Blue | 10,418 followers on LinkedIn. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. finkelstein@arizent. Originations Editor, National Mortgage News. | Optimal Blue, LLC, operates the. Both are most popular in their respective areas. At ICE Mortgage Technology, we are transforming and digitizing the U. Black Knight Inc. ICE Mortgage Technology Resource Center - Operating Normally - Service operating normally ICE. If you’d like to discuss your business goals with one of our secondary marketing. Optimal Blue, a division of Black Knight, operates the mortgage industry’s digital marketplace. | Optimal Blue, a division of Black. 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 „. ICE has agreed to divest Black Knight’s Optimal Blue and Empower loan origination system businesses to subsidiaries of Constellation Software Inc. YoY home price appreciation (HPA) varied significantly among the 60 largest metros. First American Docutech. " In particular, the FTC cited competition in product and pricing engines between Black Knight's Optimal Blue and the internal technology embedded in. (NYSE:BKI) announced today the addition of ICE Mortgage Rate Lock Index Futures within CompassPoint, the leading risk. website maker Intercontinental Exchange Inc. Optimal Blue | 10,801 followers on LinkedIn. EPPS provides only the most basic functionalities of aggregating and displaying mortgage rate pricing. | Optimal Blue, a division of Black. 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 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. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. But MERS is now getting a competitive threat from Blue Sage Solutions, First American Docutech and Figure Technologies called Digital Asset Registration Technologies. 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. ’s (ICE) proposed $11. | Optimal Blue, a division of Black. "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. Under the proposed order, Black Knight's Optimal Blue and Empower businesses will be sold to Constellation Software (OTCPK:CNSWF). Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 84. In addition to Empower, Black Knight’s mortgage technology products include mortgage servicing platform Compass Analytics, which Black Knight bought in 2019, and Optimal Blue, which Black Knight. gonzalez@ice. View mortgage calculators to find out what you qualify for, compare mortgages, and see what impact. She is also a Licensed Real Estate Broker and has. Optimal Blue | 10,180 followers on LinkedIn. 58. S. Mortgage Executive Magazine selects LPS as one of the Top 50 Mortgage Service Providers in America. Brad Finkelstein. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. on Monday announced an agreement to sell Black Knight’s Optimal Blue business to a. Optimal Blue | 10,551 followers on LinkedIn. | Optimal Blue, LLC, operates the. Intercontinental Exchange Inc. – July 27, 2020 – Black Knight, Inc. Optimal Blue, founded in 2002, provides not only industry-leading solutions for originators and investors but also an enterprise-level, end-to-end platform that processes more than $750 billion. Optimal Blue | 10,405 followers on LinkedIn. ”) (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. Optimal Blue Mortgage Market Indices™ (OBMMI™) is calculated from actual locked rates with consumers across over one-third of all mortgage transactions nationwide. 1 billion mega-deal. So, in my view ICE paid $13. 4% and was trading at $115. 2 Black Knight goes through. | Optimal Blue, LLC, operates the. February 12, 2019, 1:00 pm By Caroline Basile. 78%, climbing 37 basis points (bps) from the end of. CompassPoint is offered by Optimal Blue, a leader in end-to-end technology solutions designed specifically for the secondary marketing industry. Arch Mortgage Insurance. which together created the foundation of its ICE Mortgage Technology business segment. ICE Mortgage Technology is a leading cloud-based platform provider for the mortgage finance industry. Optimal Blue | 10,863 followers on LinkedIn. the possibility that the proposed divestitures of Black Knight’s Optimal Blue business. – Sept. OBMMI includes multiple mortgage pricing indices developed around the most popular products and. com uses cookies on this site. Visit Company Page. The companies expect to complete the divestiture of Empower and Optimal Blue 20 days after completing the merger. September 15, 2020. 1 ICE Mortgage Technology and No. | Optimal Blue, a division of Black. 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. The Commission voted 3-0 to accept the consent order, according. 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. In addition to both firms’ decision to sell Empower and Optimal Blue to address antitrust concerns, ICE and Black Knight amended their deal terms to reduce the valuation of Black Knight to $11. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. OBMMI includes multiple mortgage pricing indices developed around the most popular products and specific borrower and loan level attributes. June 21, 2022, 1:36 pm By David Stevens, CMB. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 95% for FHA loans closed in the 30 days ending August 30, 2023, according to Optimal Blue's Mortgage Market Indices. | Optimal Blue, a division of Black. I am a mortgage specialist, period. This week, Intercontinental Exchange (ICE) and Black Knight announced an agreement to sell Black Knight’s Empower loan origination system (LOS) business to Constellation Software, Inc. According to the Optimal Blue Mortgage Market Indices, 30-year conforming rates climbed above 7. Optimal Blue, Dark Matter Technologies, Mortgage Builder, ReverseVision, which is a reverse mortgage LOS and a document storage business called Axacore. Two firms will complete the divestiture of Black Knight's Empower business and Optimal Blue within 20 days. Black Knight ready to spin off Empower, Optimal Blue businesses. 5, and subsequently in separate deals, Intercontinental Exchange had to sell the Empower loan origination system and Optimal. 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. io. It can be easy to over customize Encompass because of its flexibility. Asurity Technologies. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. CONNECTIONS. Senior leadership from Optimal Blue depart Constellation after acquisition. According to Optimal Blue’s mortgage market indices , the 30-year conforming rate peaked at 7. Some in the industry are concerned that ICE will now dominate the mortgage technology market. 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. Full year 2023 ICE Mortgage Technology (IMT) revenues including the. Black Knight owns the Optimal Blue product and pricing engine. Transforming the mortgage industry with leading secondary marketing technologies to price, lock, hedge, and trade loans. brad-finkelstein-8b2b9a5/. 25% mark, the highest level in over 20 years. Current Mortgage Rates Today: Nov. This Marketplace Platform connects lenders, investors and vendors with comprehensive secondary. (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. 475 billion in sales again this year after buying out partners in Optimal Blue. 22% on Wednesday, compared to 7. ICE affirmed that Optimal Blue is still available to its customers, who are the largest consumers of Optimal Blue Solutions. com ICE Investor Contact: Katia Gonzalez katia. Optimal Blue | 10,845 followers on LinkedIn. Under terms of the divestiture agreement, Constellation will acquire Black Knight’s Optimal Blue business for $700 million. 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. Optimal Blue offers a SaaS marketplace platform connecting mortgage originators and investors. This all but confirms speculation from lenders that Empower wasn’t a major factor in the. arguing that the market domination gained by ICE via the merger would give too pricing power to one company. , the FTC has filed a joint stipulation for dismissal alongside. com (212) 656-2490 Damon Leavell damon. This LOS is especially powerful for large companies,. "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. Navigation is very easy and intuitively obvious to the user. TURNKEY CONNECTIONS. 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. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. (NYSE: ICE), released its September 2023 Mortgage Monitor. So we think we can bring a lot of those. 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. Black Knight’s Optimal Blue product, pricing and. ICE Mortgage Technology solutions enable lenders to originate more loans, lower origination costs, and. HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year. 5 percent, core +. , September 05, 2023--Intercontinental Exchange, Inc. If you’d like to discuss your business goals with one of our secondary marketing. Through advanced, yet turnkey integrations with +70 mortgage technology vendors, we have embedded the power of Optimal Blue inside of whatever. Subscribe. OPTIMAL BLUE MORTGAGE MARKET INDICES – Optimal Blue LAST UPDATED: NOV 16, 2023 OBMMI™ provides the most comprehensive, accurate, timely,. To satisfy antitrust regulators, ICE divests itself of Black Knight's loan origination and mortgage pricing business, but gets.