Longtime Servicing Client PNC Expands Use of ICE Data and Analytics to Further Benefit From End-to-End, Integrated Technology Ecosystem
Intercontinental Exchange (NYSE: ICE) 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. The expansion includes ICE's Automated Valuation Models (AVMs), AFT Prepayment and Credit Model, and McDash® loan-level performance database.
These solutions aim to reduce regulatory compliance risk, decrease costs and turn times, and identify growth opportunities. Tim Bowler, President of ICE Mortgage Technology, emphasized that ICE's goal is to make the path to homeownership or refinancing faster, simpler, and more transparent.
Intercontinental Exchange (NYSE: ICE) ha annunciato che PNC ha ampliato l'uso delle soluzioni di dati e analisi di ICE come parte del rinnovo del sistema di gestione dei prestiti MSP®. I set di dati immobiliari proprietari di ICE e i modelli analitici avanzati aiutano le aziende ad adattarsi alle mutevoli condizioni di mercato e a valutare e mitigare il rischio di portafoglio. L'espansione include i Modelli di Valutazione Automatica (AVM), il Modello di Prepagamento e Credito AFT e il database delle performance a livello di prestito McDash®.
Queste soluzioni mirano a ridurre il rischio di conformità normativa, diminuire i costi e i tempi di elaborazione, e identificare opportunità di crescita. Tim Bowler, presidente di ICE Mortgage Technology, ha sottolineato che l'obiettivo di ICE è rendere il percorso verso la proprietà della casa o il rifinanziamento più veloce, semplice e trasparente.
Intercontinental Exchange (NYSE: ICE) anunció que PNC ha ampliado su uso de las soluciones de datos y análisis de ICE como parte de la renovación del sistema de servicio de préstamos MSP®. Los conjuntos de datos hipotecarios propietarios de ICE y los modelos analíticos avanzados ayudan a las empresas a adaptarse a las condiciones cambiantes del mercado y a evaluar y mitigar el riesgo de la cartera. La expansión incluye los Modelos de Valoración Automatizada (AVM), el Modelo de Prepago y Crédito AFT, y la base de datos de rendimiento a nivel de préstamo McDash®.
Estas soluciones tienen como objetivo reducir el riesgo de cumplimiento normativo, disminuir costos y tiempos de respuesta, e identificar oportunidades de crecimiento. Tim Bowler, presidente de ICE Mortgage Technology, enfatizó que el objetivo de ICE es hacer que el camino hacia la propiedad de vivienda o el refinanciamiento sea más rápido, sencillo y transparente.
인터컨티넨탈 익스체인지(뉴욕증권거래소: ICE)는 PNC가 ICE의 데이터 및 분석 솔루션의 사용을 확대했다고 발표했습니다. 이는 MSP® 대출 서비스 시스템의 갱신의 일환입니다. ICE의 독점 모기지 데이터 세트와 고급 분석 모델은 기업이 변화하는 시장 상황에 적응하고 포트폴리오 위험을 평가하고 완화하는 데 도움을 줍니다. 이번 확장은 ICE의 자동 평가 모델(AVM), AFT 선불 및 신용 모델, McDash® 대출 성과 데이터베이스를 포함합니다.
이 솔루션들은 규제 준수 위험을 줄이고, 비용과 처리 시간을 감소시키며, 성장 기회를 식별하는 것을 목표로 합니다. ICE 모기지 기술의 사장인 팀 보울러는 ICE의 목표가 주택 소유 또는 재융자의 경로를 더 빠르고 간단하며 투명하게 만드는 것이라고 강조했습니다.
Intercontinental Exchange (NYSE: ICE) a annoncé que PNC a élargi son utilisation des solutions de données et d'analytique d'ICE dans le cadre du renouvellement du système de gestion des prêts MSP®. Les ensembles de données hypothécaires propriétaires d'ICE et les modèles analytiques avancés aident les entreprises à s'adapter aux conditions changeantes du marché et à évaluer et atténuer les risques de portefeuille. L'expansion comprend les Modèles d'Évaluation Automatisée (AVM), le Modèle de Prépaiement et de Crédit AFT, et la base de données de performance des prêts McDash®.
Ces solutions visent à réduire le risque de conformité réglementaire, à diminuer les coûts et les délais, et à identifier les opportunités de croissance. Tim Bowler, président d'ICE Mortgage Technology, a souligné que l'objectif d'ICE est de rendre le chemin vers l'accession à la propriété ou le refinancement plus rapide, plus simple et plus transparent.
Die Intercontinental Exchange (NYSE: ICE) hat angekündigt, dass PNC die Nutzung von ICEs Daten- und Analyse-Lösungen erweitert hat als Teil der Erneuerung des MSP®-Darlehensverwaltungssystems. Die proprietären Hypothekendatensätze und fortschrittlichen Analysemodelle von ICE helfen Unternehmen, sich an die sich ändernden Marktbedingungen anzupassen und das Portfolio-Risiko zu bewerten und zu mindern. Die Erweiterung umfasst die Automatisierten Bewertungsmodelle (AVMs), das AFT-Vorfreigabe- und Kreditmodell sowie die McDash®-Datenbank für die Darlehensleistung.
Diese Lösungen zielen darauf ab, das Risiko der regulatorischen Compliance zu reduzieren, Kosten und Bearbeitungszeiten zu senken und Wachstumschancen zu identifizieren. Tim Bowler, Präsident von ICE Mortgage Technology, betonte, dass das Ziel von ICE darin besteht, den Weg zum Wohneigentum oder zur Refinanzierung schneller, einfacher und transparenter zu gestalten.
- PNC expanded use of ICE's data and analytics solutions
- Renewal of MSP® loan servicing system by PNC
- ICE's solutions help manage portfolio risk and uncover opportunities
- ICE AVMs reduce regulatory compliance risk and decrease costs
- McDash offers the deepest and broadest loan-level data repository in the industry
- None.
Insights
PNC's expanded use of ICE's data and analytics solutions signals a strategic move to enhance risk management and identify opportunities in a challenging mortgage market. This partnership leverages ICE's comprehensive suite of tools, including Automated Valuation Models (AVMs), AFT Prepayment and Credit Model and the McDash database. These solutions provide PNC with advanced risk assessment capabilities, potentially improving their loan portfolio management and regulatory compliance.
From an investor's perspective, this expansion could positively impact PNC's operational efficiency and risk mitigation strategies. The integration of ICE's technology may lead to reduced costs, improved decision-making and enhanced portfolio performance. However, the financial impact remains to be seen, as the terms of the deal were not disclosed. Investors should monitor PNC's future financial reports for any notable improvements in their mortgage business metrics or risk profile.
The expansion of PNC's relationship with ICE reflects broader industry trends in the mortgage sector. With the current market characterized by rising interest rates, inflation concerns and economic uncertainty, financial institutions are increasingly turning to advanced analytics to navigate these challenges. ICE's suite of solutions, particularly its loan-level performance database covering the majority of the active U.S. mortgage market, provides a significant competitive advantage.
This move by PNC could potentially influence other major players in the mortgage industry to follow suit, driving increased demand for sophisticated data and analytics solutions. For ICE, this expanded partnership not only reinforces its position as a leading provider in the mortgage technology space but also suggests potential for revenue growth in its Mortgage Technology segment. Investors should watch for similar announcements from other financial institutions, which could indicate a growing trend and potential market expansion for ICE.
The integration of ICE's advanced analytics and data solutions into PNC's existing MSP® loan servicing system represents a significant technological upgrade. The end-to-end, integrated technology ecosystem mentioned in the announcement is important in today's complex mortgage market. By leveraging ICE's proprietary data sets, advanced modeling techniques and AI-driven analytics, PNC is positioning itself at the forefront of mortgage technology.
This integration allows for real-time risk assessment, automated valuation and predictive modeling, which can dramatically improve decision-making speed and accuracy. The use of ICE's AFT Prepayment and Credit Model for CECL compliance and stress testing is particularly noteworthy, as it addresses critical regulatory requirements. From a technological standpoint, this partnership demonstrates the growing importance of data-driven solutions and AI integration in the financial services sector, potentially setting a new standard for mortgage servicing technology.
Proprietary mortgage and real estate data helps manage portfolio risk and uncover opportunity in a complex market
“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
“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
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
ICE-CORP
View source version on businesswire.com: https://www.businesswire.com/news/home/20240917379314/en/
ICE Media Contact
Mitch Cohen
mitch.cohen@ice.com
+1 (704) 890-8158
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katia.gonzalez@ice.com
+1 (678) 981-3882
Source: Intercontinental Exchange
FAQ
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