Intercontinental Exchange Announces Agreement to Acquire Simplifile LC
Summary
As a pioneer in helping its customers submit electronic documents into the public record, the acquisition of Simplifile expands the ICE Mortgage Services portfolio, which includes MERS. Simplifile and MERS support the residential lending industry’s shift to digitization and will, together, help to make the mortgage closing process simpler, faster, and more transparent for a range of industry stakeholders. Simplifile understood this trend early, uniquely solving for the critical aspect of submitting required documents into the public record in a seamless, auditable and transparent method,” said Chris McEntee, President of ICE Mortgage Services. Leveraging its core eRecording product, Simplifile continues to introduce additional electronic solutions to serve the entire real estate transaction supply chain. ICE serves customers by operating the exchanges , clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets.