June 13, 2023

The ICE-Black Knight Acquisition: Unpacking the Potential Threats and Discovering Opportunities in a Transforming Industry

ICE-Black Knight acquisition highlights the transformation in the industry.

The ICE-Black Knight Acquisition: Unpacking the Potential Threats and Discovering Opportunities in a Transforming Industry

The recent news of Intercontinental Exchange, Inc. (ICE) bidding to acquire Black Knight, Inc., one of only six vendors approved by Fannie Mae for its new valuation initiative, has sent ripples through the Appraisal Management industry. The proposed merger, now under investigation by the Federal Trade Commission (FTC) 11, carries potential implications that could fundamentally reshape the landscape for Appraisal Management Companies (AMCs) and other stakeholders.

Unpacking the ICE-Black Knight Acquisition

Black Knight recently made headlines with its innovative SCOUT mobile property inspection application being approved for data collection as part of Fannie Mae’s appraisal modernization initiative 22. This new valuation option, referred to as "value acceptance plus property data," uses a cloud-based app to gather interior and exterior property data, improving efficiency, reducing costs, and speeding up origination times.

While the approval of SCOUT heralds a significant step forward in the industry's modernization, the FTC's ongoing investigation of ICE's acquisition bid on Black Knight raises concerns about potential monopolization. Should the acquisition proceed, the combined entity could control a significant portion of home mortgage loan origination systems and other key lender software tools. This could drive up costs, decrease innovation, and limit choices for stakeholders, posing a potential threat to the industry's competitive landscape.

The Value Acceptance Proposition

In a rapidly evolving market, AMCs must not only stay updated but also seek out opportunities to get ahead. Enter Value Acceptance LLC, a software company leveraging Augmented Reality (AR) and Artificial Intelligence (AI) to transform the property data collection and reporting landscape.

A direct competitor to solutions like Black Knight's SCOUT, Value Acceptance offers an innovative AR and AI app that allows property data collectors to utilize either an iPad Pro or the cutting-edge Vision Pro headset from Apple. It enables seamless and efficient data collection in line with Fannie Mae or Freddie Mac standards. The in-built AI assistant, VA Assist, makes real-time informed decisions, evaluating photos for condition and quality based on Universal Appraisal Dataset standards.

By partnering with Value Acceptance, AMCs and lenders can stay competitive, even as larger corporations like ICE and Black Knight threaten to dominate the field. The Value Acceptance team likens their position to that of Tesla in the face of car manufacturing giants like Ford Motors - not just keeping pace with the changing industry, but actively pushing the boundaries with AR and AI technology.

Looking to the Future: An Open Call for Partnership

This is a critical moment in the valuation industry, where modernization is not just a buzzword but a fundamental requirement. To all AMCs, investors, and stakeholders - the call to action is clear. Embrace innovation. Be part of the change. Join forces with forward-thinking tech innovators like Value Acceptance.

By investing in and partnering with Value Acceptance, you can not only gain access to state-of-the-art AR and AI tech but also be part of a vibrant community that aims to outcompete giants like Black Knight and ICE. There's a world of opportunity in the era of valuation modernization, and we are poised to do things that will amaze even the biggest players in the industry.

Together, we can ensure that all AMCs in North America have the tech to stay competitive and, better still, outcompete established giants like Black Knight and potentially ICE. The future of the valuation industry lies in diversification, collaboration, and technological innovation. With partners like Value Acceptance, the scope for development and growth is enormous, and the promise of achieving feats that will amaze even our biggest competitors is within our grasp.

In a world increasingly reliant on digital solutions, partnerships with tech innovators like Value Acceptance provide a unique opportunity to lead rather than follow. As we harness the power of AR and AI, we do more than just keep pace with technological change – we embrace it, we shape it, we define it.

To the investors, stakeholders, and visionaries who foresee the immense potential in this new era of property valuation, your partnership with Value Acceptance could be the catalyst for an industry-wide transformation. Together, we can redefine the standards of property data collection and reporting and shape a future where innovation is not the exception but the norm.

So, are you ready to be part of the valuation modernization? Are you prepared to be at the forefront of an industry transformation? If yes, then now is the time to act. Join hands with Value Acceptance and bring your own unique strengths and expertise to the table. Together, we can ensure a thriving and competitive AMC industry in North America, one that leverages cutting-edge technology to deliver unmatched value and service.

Contact Value Acceptance today. Discover the potential of the latest AR and AI technology in transforming your Property Data Collection process. Together, let's redefine the standards of the industry, and let's outshine and outperform the giants of today. Here's to a future filled with opportunities, and here's to making that future our present.

Wesley McCombe

Wesley McCombe


Wes is passionate about helping lenders, property industry professionals and valuers leverage the changes to the valuation industry.