Black Knight gets patent approval for two mortgage technologies

Black Knight has received patent approval for the company’s comprehensive property database and technology for determining a document’s accuracy.

The United States Patent and Trademark Office has issued two US patents for Black Knight’s Data Hub technology and asynchronous sensors technologies. The company confirmed that the technologies would be exclusive to Black Knight for 20 years.

The Data Hub is a data-management tool for mortgage lenders and servicers. It aggregates, stores, and links multiple data sources in one location to help lenders and servicers improve operations and compliance, as well as scale their businesses and reduce processing time, costs, and risk.

Black Knight’s asynchronous tech pre-validates documents by looking for missing information in appraisal reports. Black Knight said the technology automates, standardizes, and simplifies reviews for reviewers and underwriters.

"These patents underscore the degree to which Black Knight's innovation is helping to transform the mortgage industry," said Black Knight Chief Executive Officer Anthony Jabbour. "We continue to develop new and innovative solutions with a sense of urgency and a profound commitment to our clients and the industry at large."