Industry Watch: Big week for mortgage mergers and acquisitions

Black Knight announced the launch of CA Risk Profiler Plus, a tool designed to help mortgage lenders, appraisers and appraisal management companies (AMCs) identify potential minority bias in the home valuation process. By flagging potentially problematic valuations, CA Risk Profiler Plus enables a more rigorous collateral review process that can help reduce risk exposure for lenders and appraisers while supporting more equitable underwriting decisions. CA Risk Profiler Plus is an optional add-on to CA Risk Profiler, a tool that helps lenders and AMCs determine the overall valuation risk of an appraisal or hybrid valuation. Both are developed by Collateral Analytics (CA), which was acquired by Black Knight in March 2020.

Community First Bank announced the sale of its mortgage subsidiary, SeaTrust Mortgage Co., to Primis Bank. Primis will purchase 100% of the SeaTrust stock in a cash transaction, which has been unanimously approved by the board of directors for each company. The sale is expected to close May 31, 2022, subject to the satisfaction or waiver of customary closing conditions. SeaTrust, which opened in February 2020, is headquartered in Wilmington, North Carolina, and has offices in Wilmington, Charlotte, Greensboro and Jacksonville, North Carolina; Fort Lauderdale, Tampa, and Jacksonville, Florida; and Franklin and Nashville, Tennessee.

Planet Home Lending entered into a definitive agreement to acquire certain assets of Homepoint’s delegated correspondent channel. Homepoint generated $20.7 billion in delegated correspondent volume in 2021, good for 13th among correspondent lenders. Planet Home Lending generated $22.8 billion, one spot higher in 12th. The deal is expected to close in second-quarter 2022, subject to customary closing conditions.


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