Black Knight Inc. (NYSE: BKI), a leading provider of applications, data, and analytics solutions for mortgage and consumer loans, real estate, and capital markets verticals, announced acquiring Collateral Analytics. The addition of Collateral Analytics will enhance Black Knight’s already extensive real estate data assets and AVM offerings.
This announcement was formally done on the 3rd of March, 2020, and is known as the second astonishing takeover of 2020. One month earlier, Black Knight Inc. bought Quicken Loans “Cyclops” CRM mortgage servicing customer relationship management software.
Collateral Analytics is the chief provider of property valuation tools and automated valuation models for appraisal management companies, lenders, appraisers, government agencies and investors. As per the details provided by Black Knight Inc., Collateral Analytics possessed exclusive assets at the time of acquisition which included the information of 600,000 areas across the country, market trends that affect valuation of the properties, demographics of more than 100 million houses and capitalization and lease rates of commercial market sales. And now, the company and its data are a part of Black Knight Inc.
Michael Sklarz, CEO of Collateral Analytics, will continue to run the organization and will report to Ben Graboske, president Black Knight Inc, Data and Analytics. Anthony Jabbour, the CEO or Black Knight Inc. said,
“Collateral Analysis and Black Knight blend very well. Our clients can now make use of a comprehensive data set from a single proven and trusted source for enhanced accuracy and less risk.”
Black Knight Inc. was also ranked #314 among the top 500 fortune companies. It has previously acquired PCLender.com, Inc, LendingSpace in the year 2011-12. After receiving two patents last fall, Black Knight Inc. invested $375 million in a consortium that purchased Dun & Bradstreet in 2018, a commercial data analytics firm.
With the acquisition of Collateral Analytics transaction, BKI has added additional appraisal analysis tech to its existing offerings.