Jacksonville FL: Black Knight Acquires Ernst Publishing Co., Creating a Unified Source for Near Real-Time Closing Cost Data
JACKSONVILLE, Fla., Nov. 6, 2018 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced that it has acquired Ernst Publishing Co., a leading provider of technology and closing cost data for the real estate and home finance industries. Black Knight plans to more tightly integrate the Ernst capabilities into its premier suite of origination solutions, while also making the technology and data available to companies who do not currently use the Black Knight Empower loan origination system (LOS), and will continue to work with Ernst's current industry partners and clients.
Black Knight will augment its existing fee engine with Ernst's capabilities, including recording fees, transfer taxes, inspection fees, property taxes and title premium fees to create a unified access point for all fee-related needs. This comprehensive fee suite will integrate with Black Knight's Origination Solutions suite, which includes loan origination software, regulatory compliance and eClosing capabilities, enhanced by artificial intelligence technology.
"Without a doubt, Ernst is the leading provider of fee and tax data in the industry," said Rich Gagliano, president of Black Knight's Origination Technologies division. "By tightly integrating this technology and data into our origination product suite, we are able to better serve our existing clients. This is another step forward in our mission to provide a truly end-to-end origination solution, which will be unparalleled in the industry."