MERS owner to acquire Simplifile as mortgage eNote usage grows

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MERS owner to acquire Simplifile as mortgage eNote usage grows CFPB plan a mixed bag for debt collectors Can FHA’s promise of softer enforcement get lenders back on board?

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The parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), is set to drop $ 335 million to acquire Simplifile, a leading provider of property record databases for county recorder offices. The planned acquisition would offer ICE a privileged position from which to further digitize the mortgage ecosystem, facilitating the underwriting and closing of mortgages, as well as.

ICE will pay $335 million to acquire Simplifile with the deal expected to close in the third quarter. Simplifile will continue to operate under that name and maintain its headquarters in Provo, Utah; it has 200 employees. ICE acquired full control of MERS last October. The holding company is also the owner of the New York Stock Exchange.

Mortgage application volume drops after rate hike As for mortgages, mortgage application volume increased minimally during the week ending August 11. The Mortgage Bankers Association (MBA) reported their overall seasonally adjusted market composite Index (application volume) rose 0.1%. The seasonally adjusted purchase index declined 2.0% from the prior week while the Refinance Index increased 2%.

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MERS owners to acquire Simplifile as debt eNote use grows May 02, 2019 RSS FEED No comments Intercontinental Exchange’s due merger of Simplifile will raise a MERS unit’s flourishing participation in doing electronic notes.

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MERS owner to acquire Simplifile as mortgage eNote usage grows May 2, 2019 The loans in the pool satisfy guidelines under the ability to repay (ATR) rule but were coded as non-QM due primarily to the use. mortgage retail banking, will work alongside Greg Sandler and other.