Skip to main content

Black Knight Launches New APO To Automate Bulk Bidding For Investors, Hedge Advisors And Lenders

Apr 20, 2021
Black Knight Inc. Logo
Director of Events

Black Knight, Inc. announced the launch of a new application programming interface (API) to help investors automate bulk transaction pricing and committing in the correspondent lending process.

The new pricing and committing API is now integrated with CompassPoint, Black Knight's risk management and loan sale platform, which is used by hundreds of industry professionals to hedge, value and sell more than $1 trillion in mortgage originations annually. It is also available via Resitrader, Black Knight's online loan trading platform, which connects investors to a large base of sellers through a secure, cloud-based environment. Additionally, other mortgage hedge advisors and technology providers can implement also implement the new API.

Simplifying the exchange of information between correspondent buyers and sellers engaged in bulk transaction bidding and committing, the API provides an automated mechanism through which data can be shared and loans can be priced, according to a press release. Lenders can also access daily price indications for rate-lock commitments and closed loans in their pipeline.

"Black Knight continues to expand its development of APIs to drive innovation where there are industry opportunities for automation and efficiency," said Rob Kessel, managing director, Black Knight Secondary Marketing Technologies. "This API marks a new standard for correspondent buyer-seller interactions and processes by automating the exchange of data, which has historically been a very manual process. Combined with our capabilities in valuation and analytics, pipeline risk management, and hedge advisory solutions and services, this API offers another layer to our secondary marketing ecosystem, which creates more efficiencies for the growing correspondent market."

Click here to learn more about the new API. 

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Apr 20, 2021
More from
Tech
Housing, Economic Leaders Embrace New Digital Opportunities

It’s Crypto Week at the Capitol, with some getting ready for breakthrough regulations that could change financial services

AI And The Mortgage Revolution

Chris Burks, Head Of Growth at Zeitro, on embracing change

Jun 26, 2025
Fed Chairman Aligns More Closely With Trump Admin On Crypto

Powell said he sees ‘change in tone’ around digital assets, expects more crypto activity

Jun 26, 2025
FHFA Chief Orders Fannie And Freddie To Prepare For Crypto In Mortgage Underwriting

In sweeping declaration on social media, FHFA Director William J. Pulte says Fannie Mae and Freddie Mac must begin preparing to count cryptocurrency as an asset in mortgage underwriting

Beware The Latest ‘Long Con’ Scam

Real estate professionals of all kinds warned to beware of crypto scams exploiting ‘trust relationships’ with clients

Jun 23, 2025
ServiceLink Adds Three To Its National Sales Team In Origination Division

Chris Miller, James Lee, and Mandy Powell to help forge new lender partnerships, drive client growth

Jun 23, 2025