Mortgage technology

The deal definitively ends a monthslong war of words between the data provider and stakeholders who attempted a hostile takeover.

Now approved by Fannie Mae, the digital servicer aims to shake up the status quo by reducing costs caused by a “monopoly in the market.”

The transaction consisting of $24 million in securitized Ginnie pools followed a 265% jump in broader industry eNote registrations last year.

Black Knight’s product is designed to assist mortgage lenders in performing due diligence while also preventing heightened risk of foreclosure losses.

The amount nearly doubles the capital the mortgage fintech has raised since 2012.

The acquisition brings the credit report provider into the commercial and residential appraisal technology space.

The software will aim to take advantage of the anticipated volume growth in this particular type of origination.

After doubling its valuation in five months, Blend plans to use its latest funding to strengthen its digital lending experiences for banking and mortgages.

The company aims to make financed home purchases more competitive with cash offers by creating a faster mortgage process.

The deal will add to SitusAMC’s tech suite, making the connection between loan originators and lenders more efficient.