ICE Invests in Product and Pricing Innovation, Introduces Newly Enhanced ICE PPE and Advisory Group
15 5월 2024 - 10:00PM
Business Wire
Intercontinental Exchange, Inc. (NYSE: ICE), a
leading global provider of technology and data, today announced
investments focused on growing its mortgage secondary market
offerings and enhancing the Encompass digital lending platform’s
native product and pricing engine. ICE has dedicated resources to
driving a robust roadmap of features and improvements for ICE PPE
(formerly EPPS) and secondary market innovation, informed by the
regular, ongoing input of the elite group of lenders making up the
ICE PPE Advisory Group.
Encompass users already have native access to thousands of loan
products and a robust network of investors, wholesale lenders, and
state and local housing authorities via ICE PPE. Taking product and
pricing to the next level is key to ICE’s commitment to improve
housing finance through digitization and provide the mortgage
secondary market with the technology, systems, and insight needed
to navigate and hedge against a turbulent interest rate
environment.
“I talk with mortgage industry professionals every day, and one
thing they’ve made crystal clear is a pressing, growing need for a
stable, accurate, well-capitalized loan product and pricing
engine,” said ICE president Ben Jackson. “With so much uncertainty
in the market, lenders need to be able to rely on comprehensive and
timely product pricing and eligibility. Margins have been
compressed to historic lows, and we want to help our clients be in
the best position to hold on to every possible basis point.
“To meet that need, ICE is investing significantly to
dramatically enhance ICE PPE within our Encompass lending platform,
and we are actively engaging with a select group of industry
leaders as we chart the best course forward. Together with ICE’s
expertise in building and operating digital, transaction-based
networks, and our proven playbook of increasing efficiencies
through digitization, it’s this collaborative approach that will
trigger the next great stage of evolution for PPEs and secondary
market hedging platforms.”
ICE PPE will provide enhanced automation and configuration
capabilities with streamlined support for custom loan programs and
overlays. As part of ICE’s overall mission to streamline and
simplify housing finance, the company is committed to delivering a
highly performant, intuitive solution that integrates seamlessly
with Encompass and the wider ICE housing finance digital ecosystem.
To support this product evolution, ICE is actively expanding the
associated product development, solutions engineering and support
resource teams with experienced industry professionals.
The ICE PPE Advisory Group is composed of leading mortgage
lenders – including both users of Encompass’ product pricing
capabilities as well as those who employ other available pricing
engines. Beginning with a kickoff at the Mortgage Bankers
Association’s Secondary Marketing conference in May, the advisory
group will continue to meet regularly to identify common challenges
and find solutions to pricing and other problems faced by lenders
and those in the secondary and capital markets.
For more information on ICE PPE visit us here.
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 U.S. housing finance, from initial consumer
engagement through loan production, closing, registration and the
long-term servicing relationship. Together, ICE transforms,
streamlines and automates industries to connect our customers to
opportunity.
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
Source: Intercontinental Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20240515165146/en/
ICE Media Contact Mitch Cohen mitch.cohen@bkfs.com
+1 704-890-8158
ICE Investor Contact: Katia Gonzalez
katia.gonzalez@ice.com +1 (678) 981-3882
Intercontinental Exchange (NYSE:ICE)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Intercontinental Exchange (NYSE:ICE)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024