Proprietary mortgage and real estate data helps manage portfolio risk and uncover opportunity in a complex market

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that PNC has expanded its use of ICE’s data and analytics solutions as part of their renewal of the MSP® loan servicing system. ICE’s proprietary mortgage data sets and advanced analytic models help companies adapt to changing market conditions and evaluate and mitigate portfolio risk.

“Today’s mortgage market is more challenging and nuanced than we’ve seen in decades,” said Tim Bowler, President of ICE Mortgage Technology. “As PNC works to maximize its technology investment, they are also realizing the value of ICE’s trusted valuation solutions, mortgage performance data, and prepayment and default models to help manage risk and uncover opportunities.”

ICE Automated Valuation Models (AVMs) help reduce regulatory compliance risk, decrease costs and turn times, and identify opportunities for growth. ICE AVMs combine mortgage performance and public records data sets with advanced modeling techniques, rigorous testing and technology that spans the entire real estate and mortgage continuum.

The ICE AFT Prepayment and Credit Model provides a single, comprehensive, holistic view of servicing portfolios, including an enhanced modeling tool for CECL and stress testing.

McDash®, ICE’s loan-level performance database, gives an unparalleled, granular view of the majority of the active mortgage market across the United States. McDash offers the deepest and broadest loan-level data repository in the industry to support research, modeling, risk-management, compliance and benchmarking needs. ICE’s servicer-contributed loan-level database of mortgage assets uses proprietary information to provide users with higher-quality model inputs to produce more reliable results.

“At ICE, our goal is to make the path to homeownership or refinancing an existing mortgage faster, simpler, and more transparent,” said Bowler. “PNC’s renewal with ICE will help them achieve just that.”

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Category: Mortgage Technology

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