Black Knight snaps up Compass Analytics

Black Knight has announced that it has acquired fintech firm Compass Analytics.

With the addition of Compass Analytics, Black Knight plans to expand its footprint in major markets, as well as improve connectivity between mortgage originators, investors, and servicers.

The acquisition also leverages Black Knight’s Empower loan origination system (LOS) and Compass Analytics’ PPE engine to streamline product and pricing. In addition, Black Knight will integrate MSR valuation capabilities to its products through the acquisition.

“Both Black Knight and Compass Analytics are focused on developing innovative technologies that give enhanced functionality and value to our customers, so integrating our two companies was a natural fit,” said Anthony Jabbour, chief executive officer of Black Knight. “This acquisition will give us the opportunity to bring clients new and useful tools to improve risk management, gain deeper insight for smarter decision-making, and identify best-execution strategies.”

“Compass Analytics shares Black Knight’s passion for working collaboratively with clients to help transform the mortgage industry with superior technology, data and analytics,” said Compass Analytics Chief Executive Officer Rob Kessel. “We are proud to join forces with such an exceptional company and believe that combining the capabilities of Compass Analytics and Black Knight will provide the resources to accelerate our joint delivery of open platform, market-leading analytics and price transparency to the industry. Today is a win for our clients, employees and the mortgage industry.”