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4 | TH E M R EP O RT MTECH Third-Quarter Boost IN ITS MOST RECENT EARNINGS STATEMENT, BLACK KNIGHT ANNOUNCED A 7 PERCENT JUMP IN REVENUE. B lack Knight Inc., the Florida-based provider of software, data, and analytics solutions to the mortgage and con- sumer loan, real estate, and capital markets verticals, announced that its revenues for the third quarter of 2018 increased 7 percent to $281.7 million from $263.8 mil- lion in the prior-year quarter. Net earnings attributable to Black Knight for the third quarter of 2018 were $43 million, or $0.29 per diluted share, compared to $14.7 million, or $0.21 per diluted share, in the prior-year quarter. "Our third-quarter results are reflective of the ongoing strength and momentum of our strate- gic initiatives across the enter- prise," said Bill Foley, Executive Chairman, Black Knight. "In particular, we were able to drive organic growth by winning new clients in existing markets, cross- selling, and continuing to develop innovative solutions to enhance Black Knight's leading end-to-end integrated technology, data, and analytics offering." The company's adjusted net earnings for the third quarter of 2018 increased 31 percent to $71.3 million compared to $54.3 mil- lion in the prior-year quarter. Its adjusted Net Earnings Per Share for the third quarter of 2018 increased 33 percent to $0.48 per diluted share compared to $0.36 per diluted share in the prior-year quarter. Adjusted EBITDA for the third quarter of 2018 increased 8 percent to $138.4 million from $128.2 million in the prior-year quarter. Adjusted EBITDA margin was 49 percent, an increase of 60 basis points com- pared to the prior-year quarter. Black Knight CEO Anthony Jabbour added, "The underlying fundamentals of our business remain strong, and we remain focused on our clients and driv- ing the business to win market share, generate superior returns, and create sustainable, long-term shareholder value." Black Knight's revenues for the nine months ended September 30, 2018, increased 6 percent to $828.6 million from $784.1 million in the 2017 period. Net earnings attribut- able to Black Knight for the nine months ended September 30, 2018, were $125.7 million, or $0.85 per diluted share, compared to $35.1 million, or $0.51 per diluted share, in the 2017 period. Investing in Quality LOANLOGICS UNVEILS EN- HANCEMENTS TO ITS LOAN AC- QUISITION INVESTOR MODULE. P ennsylvania-based Loan- Logics, a loan quality technology provider for mortgage manufacturing and loan acquisition, has announced that it has enhanced its Loan- HD Investor Module for Cor- respondent Loan Acquisition by expanding the mandatory loan commitment options and adding direct-trade capabilities, improv- ing the ability of both investors and sellers to lower costs and enhance profitability. In a statement, LoanLogics said that the investor module auto- mates every step in an investor's loan acquisition workflow from initial loan pricing, creation, and management of commitments all the way through locking, hedging loan funding, and onboarding. "By adding the ability to conduct direct trades through a greater variety of mandatory com- mitment types, LoanHD Investor Module can help investors con- duct more targeted trades, reduce costs, maximize profits, and cap- ture seller business in more ways than ever," said Melissa DeBlasio, Product Manager, Correspondent Lending Acquisition. "Sellers also have the freedom to direct the production with greater control and flexibility to maximize their own returns." The new module includes: Direct-trade capabilities for investors to create loan commit- ments by agency, product and security type, and/or coupon rate. The platform enables investors to define which programs corre- spond to each security, which is then used for pricing and eligibil- ity decisions. Enhanced commitment man- agement helps investors to choose to blend unfilled commitment amounts into a new direct trade, roll open amounts to the next month and securities, extend open commitments to the next settle- ment month, or close off an open commitment with or without a pair-off fee. Ending Strong The companies we've highlighted this month are closing out 2018 on a high note with new products, offerings, and exciting developments.

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