Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries MSP® Loan Servicing System from ICE Now Offering Automated Lien Release Functionality By: Intercontinental Exchange via Business Wire December 14, 2023 at 16:15 PM EST First joint product from newly expanded mortgage technology business Leverages capabilities across the ICE mortgage ecosystem ICE has identified many valuable enhancements to the housing finance processes Intercontinental Exchange (NYSE: ICE) a leading global provider of data, technology, and market infrastructure, announced that its MSP® loan servicing system now features the ability for the automated release of the lien once a mortgage has been paid off. The new Automated Lien ReleaseSM (ALR) capability integrated with MSP combines document creation and automated workflows into one solution and routes lien release packages for eSigning and eRecording, adhering to local regulations for the more than 2,500 U.S. counties where eRecording is available. The launch of the MSP ALR capability marks the first time ICE has harnessed the full capabilities of its expanded mortgage technology business to quickly build and implement solutions that address market needs. “In the few short months since completing the Black Knight acquisition, we’ve identified many such seemingly simple, but incredibly valuable, ways to enhance the mortgage lending process,” said Tim Bowler, President of ICE Mortgage Technology. “Automated Lien Release is a great example of the capabilities that can be quickly brought to market to help usher U.S. housing finance forward. As always, the ultimate beneficiary of everything ICE does is the American homebuyer.” Releasing a lien on a property has historically been a laborious process prone to human error, during which servicers coordinate with title companies, vendors, notaries and others to release and record a fully paid lien. With ALR, once payoff funds are received and applied, application programming interface (API) integrations trigger the creation of the lien release package and processing workflow in ICE Mortgage Technology’s closing solutions, which were enhanced by the 2019 acquisition of Simplifile. Because the MSP ALR capability can reduce mistakes and delays associated with manual processing, recording can take place in days instead of weeks. Even in counties where eRecording is not available, ALR streamlines the process and prints the release package for the servicer to wet sign. Automated Lien Release is already available to users on the MERS® System and has been helping members electronically sign and notarize documents independent of their servicing system. ALR’s new direct integration within MSP grants that same ability to servicers for their whole portfolios. “The smooth and timely release of liens is fundamental to keeping American housing finance moving,” said Bowler. “This holds true for home sales, refinances, equity lending and more. Digitizing and automating lien releases is just one step in ICE’s mission to unify the disparate elements of housing finance and create a better experience for the American homeowner.” 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, 2022, as filed with the SEC on February 2, 2023. Category: Mortgage Technology ICE-CORP Source: Intercontinental Exchange View source version on businesswire.com: https://www.businesswire.com/news/home/20231214696367/en/Contacts ICE Media Contact: Mitch Cohen mitch.cohen@bkfs.com +1 704-890-8158 ICE Investor Contact: Katia Gonzalez katia.gonzalez@ice.com +1 (678) 981-3882 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
MSP® Loan Servicing System from ICE Now Offering Automated Lien Release Functionality By: Intercontinental Exchange via Business Wire December 14, 2023 at 16:15 PM EST First joint product from newly expanded mortgage technology business Leverages capabilities across the ICE mortgage ecosystem ICE has identified many valuable enhancements to the housing finance processes Intercontinental Exchange (NYSE: ICE) a leading global provider of data, technology, and market infrastructure, announced that its MSP® loan servicing system now features the ability for the automated release of the lien once a mortgage has been paid off. The new Automated Lien ReleaseSM (ALR) capability integrated with MSP combines document creation and automated workflows into one solution and routes lien release packages for eSigning and eRecording, adhering to local regulations for the more than 2,500 U.S. counties where eRecording is available. The launch of the MSP ALR capability marks the first time ICE has harnessed the full capabilities of its expanded mortgage technology business to quickly build and implement solutions that address market needs. “In the few short months since completing the Black Knight acquisition, we’ve identified many such seemingly simple, but incredibly valuable, ways to enhance the mortgage lending process,” said Tim Bowler, President of ICE Mortgage Technology. “Automated Lien Release is a great example of the capabilities that can be quickly brought to market to help usher U.S. housing finance forward. As always, the ultimate beneficiary of everything ICE does is the American homebuyer.” Releasing a lien on a property has historically been a laborious process prone to human error, during which servicers coordinate with title companies, vendors, notaries and others to release and record a fully paid lien. With ALR, once payoff funds are received and applied, application programming interface (API) integrations trigger the creation of the lien release package and processing workflow in ICE Mortgage Technology’s closing solutions, which were enhanced by the 2019 acquisition of Simplifile. Because the MSP ALR capability can reduce mistakes and delays associated with manual processing, recording can take place in days instead of weeks. Even in counties where eRecording is not available, ALR streamlines the process and prints the release package for the servicer to wet sign. Automated Lien Release is already available to users on the MERS® System and has been helping members electronically sign and notarize documents independent of their servicing system. ALR’s new direct integration within MSP grants that same ability to servicers for their whole portfolios. “The smooth and timely release of liens is fundamental to keeping American housing finance moving,” said Bowler. “This holds true for home sales, refinances, equity lending and more. Digitizing and automating lien releases is just one step in ICE’s mission to unify the disparate elements of housing finance and create a better experience for the American homeowner.” 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, 2022, as filed with the SEC on February 2, 2023. Category: Mortgage Technology ICE-CORP Source: Intercontinental Exchange View source version on businesswire.com: https://www.businesswire.com/news/home/20231214696367/en/Contacts ICE Media Contact: Mitch Cohen mitch.cohen@bkfs.com +1 704-890-8158 ICE Investor Contact: Katia Gonzalez katia.gonzalez@ice.com +1 (678) 981-3882
First joint product from newly expanded mortgage technology business Leverages capabilities across the ICE mortgage ecosystem ICE has identified many valuable enhancements to the housing finance processes
Intercontinental Exchange (NYSE: ICE) a leading global provider of data, technology, and market infrastructure, announced that its MSP® loan servicing system now features the ability for the automated release of the lien once a mortgage has been paid off. The new Automated Lien ReleaseSM (ALR) capability integrated with MSP combines document creation and automated workflows into one solution and routes lien release packages for eSigning and eRecording, adhering to local regulations for the more than 2,500 U.S. counties where eRecording is available. The launch of the MSP ALR capability marks the first time ICE has harnessed the full capabilities of its expanded mortgage technology business to quickly build and implement solutions that address market needs. “In the few short months since completing the Black Knight acquisition, we’ve identified many such seemingly simple, but incredibly valuable, ways to enhance the mortgage lending process,” said Tim Bowler, President of ICE Mortgage Technology. “Automated Lien Release is a great example of the capabilities that can be quickly brought to market to help usher U.S. housing finance forward. As always, the ultimate beneficiary of everything ICE does is the American homebuyer.” Releasing a lien on a property has historically been a laborious process prone to human error, during which servicers coordinate with title companies, vendors, notaries and others to release and record a fully paid lien. With ALR, once payoff funds are received and applied, application programming interface (API) integrations trigger the creation of the lien release package and processing workflow in ICE Mortgage Technology’s closing solutions, which were enhanced by the 2019 acquisition of Simplifile. Because the MSP ALR capability can reduce mistakes and delays associated with manual processing, recording can take place in days instead of weeks. Even in counties where eRecording is not available, ALR streamlines the process and prints the release package for the servicer to wet sign. Automated Lien Release is already available to users on the MERS® System and has been helping members electronically sign and notarize documents independent of their servicing system. ALR’s new direct integration within MSP grants that same ability to servicers for their whole portfolios. “The smooth and timely release of liens is fundamental to keeping American housing finance moving,” said Bowler. “This holds true for home sales, refinances, equity lending and more. Digitizing and automating lien releases is just one step in ICE’s mission to unify the disparate elements of housing finance and create a better experience for the American homeowner.” 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, 2022, as filed with the SEC on February 2, 2023. Category: Mortgage Technology ICE-CORP Source: Intercontinental Exchange View source version on businesswire.com: https://www.businesswire.com/news/home/20231214696367/en/
ICE Media Contact: Mitch Cohen mitch.cohen@bkfs.com +1 704-890-8158 ICE Investor Contact: Katia Gonzalez katia.gonzalez@ice.com +1 (678) 981-3882