Black Knight Acquires DocVerify
September 1, 2020
Black Knight Inc. has acquired DocVerify in a move to accelerate its goal of digitizing the entire real estate and mortgage transaction.
DocVerify's suite of capabilities includes an e-notary platform supporting both in-person electronic notarization (IPEN) as well as remote online notarization (RON) and developer tools. All solutions are built onDocVerify's proprietaryVeriVault Verification Platform. With its acquisition ofDocVerify, Black Knight enhances its ability to support the widespread adoption of e-notary and e-vault solutions in the mortgage and real estate industries and beyond. DocVerify's digital document verification capabilities are already integrated with Expedite Close, Black Knight's digital closing platform.
"Black Knight and DocVerify are an exceptional strategic fit, given how our solutions and platforms complement one another," said Black Knight CEO Anthony Jabbour. "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."
Both Black Knight and DocVerify play vital roles in the expansion of e-closings. Electronic and remote notarization serve as the backbone of e-closings. DocVerify solutions integrate with virtually any e-closing system. These capabilities are complemented by Black Knight's Expedite Close platform. The electronic document delivery and fulfillment capabilities of the Expedite Close platform enable lenders to leverage e-sign and e-document delivery and quality control audit capabilities from a single platform that supports a wet-sign, hybrid or full-digital close for all real estate closing participants.
"Both Black Knight and DocVerify are focused on developing innovative technologies that are versatile, easy-to-use and provide optimal security for our clients," said Darcy Mayer , CEO and founder of DocVerify. "By combining the considerable strengths of Black Knight and DocVerify, this acquisition will benefit clients of both companies, as well as the industries we serve."
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