#Mortgage / ICE to buy mortgage software firm Ellie Mae

The move, which comes after ICE’s recent acquisitions of Mers and Simplifile, establishes the Nyse owner’s position in the trillion dollar residential mortgage industry.

Founded in 1997 to automate and digitise the mortgage sector, Ellie Mae provides technology services to all participants in the mortgage supply chain, including its over 3000 customers.

[CEO, ICE:] says the acquisition will “enhance ICE’s growth strategy in mortgage technology, with complementary products and a wide array of customers and stakeholders who will benefit from our core and proven expertise in operating networks and marketplaces.”

https://www.finextra.com/newsarticle/36355/ice-to-buy-mortgage-software-firm-ellie-mae?utm_medium=dailynewsletter&utm_source=2020-8-10&member=98434