BKI - Black Knight marks record $4.4T mortgage originations in 2021

Black Knight (NYSE:BKI) reported a record-breaking $4.4T in 2021 mortgage originations which outpaced the earlier record in 2020 and against the consensus opinion that originations would likely come in 20-25% lower. As per Black Knight Data & Analytics President Ben Graboske, though American homeowners are tapping their homes' equity via cash-out refinances at the highest level since 2005, they are doing so judiciously, at roughly half the rate seen back then. At $1.7T for the year, purchase lending also hit the highest point ever recorded, while the $2.7T in refinance lending was a bit below 2020 levels. Cash-outs experienced a 20% growth over 2021, which accounted for $1.2T in originations last year and $275B in equity withdrawn. In Q4 alone, homeowners tapped $80B – the most in 15 years – while marking the fifth consecutive quarter of 1M+ borrowers pulling cash out. Despite overall retention hitting a 8-year high in 4Q21,

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Black Knight marks record $4.4T mortgage originations in 2021