DS News

86 FLORIDA Predicting Servicing Issues Before They Happen Florida-based Black Knight launched its Actionable Intelligence Platform (AIP). e platform, with its extensive data assets and deci- sion-quality analytics, will help the mortgage industry grow its revenue, improve efficiency, and reduce risk, according to Black Knight. e new platform is a unified delivery system which integrates Black Knight's data, analytics, and technology solutions to provide actionable intelligence for mortgage lenders and servicers. "rough the AIP we can deliver Black Knight's data and analytics across the entire loan cycle and at every level of the organiza- tion. From preorigination, and origination to servicing and default servicing, we have a 360-degree view of the customer lifecycle through this platform," Tyler Sherman, Presi- dent, Enterprise Business Intelligence Division at Black Knight, told DS News. In the default servicing sector, Sherman said the AIP helped clients in three catego- ries—generating and protecting revenue, improving operational efficiencies, and sup- porting compliance efforts. Giving an example of how the AIP worked to predict loan analyt- ics, Sherman said, "rough the AIP, lenders can monitor loans that have a high exposure to natural disasters or are in a flood zone but currently do not have flood insurance. From a high level, the executives would look at the entire portfolio while employees would use the AIP to look at a loan-by-loan exception, as well as the portfolio to monitor the flood zones across the country and any changes that could lead to issues in the future." Sherman differentiated between the AIP and a production system, explaining that the AIP platform tracked, monitored, and sug- gested the right action and the right task to do at the right time, but doesn't do the task. Speaking of the platform's predictive analytics, Sherman said on the servicing side the AIP could predict a customer's propensity to transact. "We know within 30-90 days the likeli- hood of a new consumer obtaining a new mortgage or refinancing their existing mortgage based on our algorithms and models within the AIP," Sherman said. "We can predict almost a year out the likelihood that someone will transact on a new home. is helps the servicer get ahead of the game and start to contact the homeowner through their customer service department or origination arm to retain the client." e costs of servicing would also reduce through AIP, according to Sherman. "We're eliminating bottlenecks and predicting prob- lems before they occur, which reduce the cost of origination and servicing." Black Knight Revenue Increases in Q2 Florida-based Black Knight Inc., a provider of software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital markets, announced its unaudited second-quarter earnings at the end of July. e company said its revenues for the second quarter of 2018 increased 5 percent to $276.6 million from $262.2 million in the prior-year quarter. Net earnings attributable to Black Knight for the second quarter of 2018 were $40 million, compared to $8.2 million during the same period last year. Its adjusted revenues for the second quarter of 2018 increased 5 percent to $277.4 million from $263.4 million in the prior-year quarter. Adjusted net earnings for the second quarter of 2018 increased 28 percent to $68.4 million compared to $53.4 million in the prior-year quarter. Black Knight said its adjusted net earnings per share for the second quarter of 2018 increased 31 percent to $0.46 per diluted Florida Minority Certified Business MIAMI-DADE & BROWARD COUNTIES 786-499-6994 www.REOPitStop.com Luis@ContinentalRealtors.com RESNET ID: 106089 | Equator ID: 272261 Luis F. Guzman Broker/Owner Orlando REO Professionals Ronald Gentile rjgentile62@gmail.com 407.247.0849 www.O-REO.net Serving the greater central Florida area. Let Orlando REO Professionals I, Inc., be your choice for property investments in the Florida region. We can help you reach your investment goals. We are a group of REO listing specialists, covering: Orange, Osceola, Seminole, Polk, Lake, and Volusia counties. 10-plus years experience. F L O R I D A ' S R E O S P E C I A L I S T S was the percentage of Louisiana housing inventory 30-plus days past due or in foreclosure in July. Source: Black Knight's First Look for July 2018 STAT INSIGHT 7.78%

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