MERS owner to acquire Simplifile as mortgage eNote usage grows

MERS owner to acquire Simplifile as mortgage eNote usage grows Intercontinental Exchange’s proposed acquisition of Simplifile will enhance its MERS unit’s growing presence in handling electronic notes.

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The annual mortgage conference is in full swing. "With an eClosing, the note/collateral was automatically registered with MERS and then securely sent to partner DocMagic’s eVault, where the.

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ICE will pay $335 million to acquire Simplifile. is registered on the MERS eRegistry. Digital solutions such as the eNote are gaining traction and represent an important step towards a fully.

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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.

is the 1800th jurisdiction to join Simplifile’s e-recording network and reap the. Employment Opportunities and Company News An Atlanta-based lender is looking to acquire mortgage broker shops with.

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Intercontinental Exchange : Announces Agreement to Acquire. – Simplifile and MERS support the residential lending industry’s shift to digitization and will, together, help to make the mortgage closing process simpler, faster, and more transparent for a range of industry stakeholders. ICE will pay $335 million to acquire Simplifile, which is based in Provo, Utah and has no debt.

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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.