Black Knight Originations Market Monitor: Overall Rate Lock Volume Up 1.3% in August, Driven Largely by 7.6% Increase in Cash-Out Refinance Activity
JACKSONVILLE, Fla., Sept. 13, 2021 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced the release of its latest Originations Market Monitor report, looking at mortgage origination data through August 2021 month-end. Leveraging daily rate lock data from Black Knight's Optimal Blue PPE – mortgage lending's most widely used pricing engine – the Originations Market Monitor provides the industry's earliest and most comprehensive view of origination activity.
"After starting the month below
The month's pipeline data showed that overall rate locks were up
"The rise in cash-out lending is hardly surprising given the extraordinary growth we've seen in tappable equity this year," Happ continued. "We've now seen cash-out activity increase for three consecutive months, and with
Each month's Originations Market Monitor provides high-level origination metrics for the U.S. and the top 20 metropolitan statistical areas by share of total origination volume. Much more detail on August's origination activity can be found in the full Black Knight Originations Market Monitor report located here.
About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.
Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serving their customers. For more information on Black Knight, please visit www.blackknightinc.com/.
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SOURCE Black Knight, Inc.