ICE Eyes Mortgage Technology as it Plans Majority Stake in MERS

[kreslik.news]

Intercontinental Exchange Inc, operator of numerous global business lines, clearinghouses and exchanges – including ICE, has today announced that ICE will acquire a majority equity stake in MERSCORP Holdings, Inc. (MERSCORP), according to an official corporate statement regarding the deal.

MERSCORP owns Mortgage Electronic Registrations Systems, Inc. (MERS) which operates a service called ‘MERS System’ that tracks changes in servicing rights and beneficial ownership interest in US-based mortgage loans.

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Development synergy

ICE and MERS have entered into a software development agreement ... (read more)