Black Knight acquires DocVerify to develop innovating real estate & mortgage solutions
By Pavithra R
Black Knight, a provider of integrated technology and services across the mortgage and real estate continuum has announced that the company has acquired DocVerify, a privately held company committed to delivering solutions that provide proof of the integrity of digital documents, enabling organizations across diverse industry verticals to safeguard sensitive information, streamline processes, and reduce costs.
DocVerify’s suite of capabilities includes an eNotary platform supporting both in-person electronic notarization (IPEN) as well as remote online notarization (RON) and developer tools. DocVerify builds all its solutions on its proprietary VeriVault Verification Platform a security, and storage platform that verifies the creator, content, and creation date of any digital document to help eliminate the risk of fraud, forgery, or theft.
“Black Knight and DocVerify are an exceptional strategic fit, given how our solutions and platforms complement one another. Digital documents are becoming the norm for conducting business in virtually all industries. Black Knight and DocVerify share a commitment to helping our clients move closer to a secure paperless environment through the digitization of the document validation process and a highly secure eNotary solution that our mortgage and real estate clients can leverage to offer a 100% digital closing. We look forward to welcoming the DocVerify team to Black Knight,” said Black Knight CEO Anthony Jabbour.
Black Knight, through the acquisition, is accelerating the goal of digitizing the real estate and mortgage continuum with DocVerify’s trusted and proven digital document verification capabilities, which integrates seamlessly with Expedite Close. The firm is enhancing its ability to support the widespread adoption of eVault and eNotary solutions in the mortgage and real estate industries and beyond.
“Both Black Knight and DocVerify are focused on developing innovative technologies that are versatile, easy-to-use and provide optimal security for our clients. By combining the considerable strengths of Black Knight and DocVerify, this acquisition will benefit clients of both companies and the industries we serve,” said Darcy Mayer, CEO, and Founder of DocVerify.
Founded in 2014, Black Knight is a FinTech provider of integrated software, data and analytics solutions that facilitate and automate business processes across the homeownership lifecycle. It is transforming the mortgage industry by offering solutions that include Loan Servicing System, Loan Origination System, and Data as a Service. Recently, the firm agreed to acquire Optimal Blue from GTCR for $1.8 bn.
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