ICE Mortgage Technology Updates Website to Display Real-Time Mortgage Data

Rhea-AI Summary

ICE Mortgage Technology, a division of Intercontinental Exchange (NYSE: ICE), has updated its website to provide real-time mortgage data, enhancing accessibility to critical metrics like 30-year note rates and loan purpose information. President Joe Tyrrell emphasized the importance of this data for helping clients make informed decisions. The new tools include features like Average FICO Scores and a Millennial Tracker to benchmark industry trends. This initiative aims to improve efficiencies and lower costs for mortgage lenders while ensuring high compliance and quality.

Positive

• Launch of real-time mortgage data tools enhances customer access to crucial market metrics.
• New interactive features provide insights into lending trends and borrower profiles, promoting informed decision-making.
• Strengthens ICE's position as a trusted data source in the mortgage industry.

Negative

• None.

PLEASANTON, Calif.--(BUSINESS WIRE)-- ICE Mortgage Technology^TM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that its website home page has been updated with access to real-time mortgage data with Insights™ by ICE Mortgage Technology. These interactive tools present data including 30-year note rates, closed loan rates, days to close, and loan purpose information.

“For many years, ICE has been a trusted source for all things data-related,” said Joe Tyrrell, President of ICE Mortgage Technology. “We are extending our comprehensive real-time data to create competitive advantages for our customers and help them to make impactful and informed business decisions.”

Interactive tools on the home page specifically include:

• 30-year Note Rates
• Average FICO Scores
• Average Loan to Value
• Average Debit to Income Ratios
• Millennial Tracker
• Days to Close
• Loan Purpose

Insights™ by ICE Mortgage Technology is a web-based, out-of-the-box, data analytics solution that provides users visibility into industry trends and benchmarking performance of peer groups, to drive increased efficiencies across their business. Insights offers views with multiple filtering options, such as loan program, borrower age, FICO band, loan purpose, and much more.

Users can visit www.icemortgagetechnology.com to view and interact with the new tools.

ICE Mortgage Technology combines technology, data and expertise to help automate the mortgage process, from consumer engagement through loan registration, and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry, with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring high levels of compliance, quality and efficiency. Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate 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, 2021, as filed with the SEC on February 3, 2022.

© 2022 ICE Mortgage Technology, Inc. All rights reserved. Encompass® and the ICE Mortgage Technology logo are trademarks of the entities of ICE Mortgage Technology, Inc.

Source: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20220315005103/en/

PRESS CONTACT

Jenny Gendron

ICE Mortgage Technology

(925) 227-3490

jenny.gendron@ice.com

ICE INVESTOR RELATIONS CONTACT

Mary Caroline O’Neal

marycaroline.oneal@ice.com

(770) 738 2151

investors@ice.com

Source: Intercontinental Exchange

FAQ

What new features has ICE Mortgage Technology introduced?

ICE Mortgage Technology has introduced real-time mortgage data tools on its website, including metrics like 30-year note rates, Average FICO Scores, and loan purpose information.

How does the new data on ICE's website benefit mortgage lenders?

The new data tools help mortgage lenders make informed decisions by providing insights into industry trends and benchmarking performance against peer groups.

When was the real-time mortgage data feature launched by ICE?

The real-time mortgage data feature was announced in the press release dated March 15, 2022.

Where can I find the real-time mortgage data provided by ICE?

You can access the real-time mortgage data on ICE Mortgage Technology's website at icemortgagetechnology.com under the Insights section.

What company operates ICE Mortgage Technology?

ICE Mortgage Technology operates under Intercontinental Exchange, which is listed on the New York Stock Exchange as ICE.