Black Knight Buys Mortgage-Backed Securities Data Specialist eMBS


Black Knight Inc. has acquired eMBS Inc., a provider of performance data and analytics on agency-backed securities.

Black Knight clients that license eMBS data will reduce the operational burden and eliminate the startup costs associated with participating in the mortgage-backed securities market. Clients can access either granular agency data or summarized database-ready information with pre-calculated prepayments and various market aggregations. Using eMBS can reduce the costs of data, systems and personnel by eliminating the need for mortgage-specific databases, data feeds and programs required to update, calculate, aggregate and display this data.

“The U.S. agency MBS market is the second-largest fixed income asset class, behind only U.S. Treasuries,” says Anthony Jabbour, CEO of Black Knight. “eMBS is the undisputed leader in providing a complete and timely view that combines data from the three agencies that make up this massive asset class.”

“Black Knight is the perfect choice to continue eMBS’ mission to provide efficient and cost-effective access to agency MBS data,” adds Larry Gioia, president and founder of eMBS. “Our capabilities will complement Black Knight’s comprehensive, nationwide mortgage data and enhance its ability to provide sophisticated analytics for GSE and Ginnie Mae loan pools, as well as REMICs.”

Black Knight will further integrate eMBS’ capabilities within its data and analytics solutions, including its AFT Prepayment & Default Model. Additionally, combining eMBS data with Black Knight’s McDash loan performance database improves the accuracy of the AFT models, providing a thorough view of mortgage risk. Also, Black Knight’s Rapid Analytics Platform will provide ease of access to the eMBS data in a cloud-based data science studio.

Keefe, Bruyette & Woods, a Stifel company, served as financial advisor to eMBS.

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