Black Knight Inc. recently announced that it had acquired Collateral Analytics, an appraisal technology company focused on automated valuation models (AVMs), collateral and mortgage risk tools.
Terms of the acquisition were not disclosed.
In addition to offering one of the industry’s top AVMs, Black Knight said in a release that Collateral Analytics offered products for real estate analytics, portfolio reviews and risk management. The company holds proprietary data assets, including data representing 600,000 neighborhoods across the nation; unique property-specific traits that influence valuation; household demographics on over 100 million individual households; and commercial market sales comps, rent prices and capitalization rates.
“The level of technological innovation, comprehensive data and insightful analytics that Black Knight and Collateral Analytics offer and are continuing to develop are providing greater and faster access to the information and tools our clients need to make more informed property investment decisions,” Black Knight CEO Anthony Jabbour said in the release. “Black Knight and Collateral Analytics are a natural fit, and now our clients will be able to leverage a comprehensive, combined product and data set from a single, proven, trusted source for improved accuracy and less risk.”
The move will bring Collateral Analytics into Black Knight’s Data & Analysis division, uniting Black Knight’s collateral risk and AVM products with Collateral Analytics. Collateral Analytics CEO Michael Sklarz will lead this business line after the acquisition, Black Knight said, reporting to Ben Graboske, president of Black Knight Data & Analytics.
“Collateral Analytics is proud to join forces with Black Knight in providing exceptional technology, robust data and market-leading analytics for smarter decision-making,” Sklarz said. “Combining the capabilities of Collateral Analytics and Black Knight is a decisive win for all of our clients, employees and the real estate industry as a whole.”