ICE Mortgage Technology Strengths, Domain Expertise, and Key Differentiators
ICE Mortgage Technology, a part of Intercontinental Exchange, Inc. (NYSE: ICE), combines the innovation and expertise of Ellie Mae, Simplifile and MERS to automate the entire mortgage process from consumer engagement through loan registration and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality and efficiency.
ICE Mortgage Technology Recent Developments
In October 2021, ICE Mortgage launched Simplifile eSign Events, an electronic signing solution that supports eSigning and eNotarization. The platform offers agents in the Simplifile network a streamlined signing workflow that includes In Person Electronic Notarization (IPEN) and Remote Online Notarization (RON). By having eSign capabilities embedded into RON and IPEN, also provides support for state-specific requirements.
ICE Mortgage Technology Mergers and Acquisitions (M&A) Activities
In June 2021, ICE Mortgage Technology deployed an eVault solution for secure storage of digital mortgages and notes, based upon technology acquired from DocMagic. The eVault technology will be integrated into ICE’s mortgage closing platform, Encompass eClose, a leading-edge solution that helps to transform the way loans are electronically closed in the United States. Encompass eClose enables lenders to electronically facilitate every aspect of the eClosing workflow, from ordering documents to delivering loans to investors - and all steps in between - without ever having to leave Encompass, the industry’s most recognized loan origination system.
ICE Mortgage Technology Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ICE Mortgage Technology applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of ICE Mortgage Technology and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified ICE Mortgage Platform customers.
ICE Mortgage Technology Overview
Ownership: - NYSE: ICE
Number of Employees: 1750
Functional Markets: Analytics and BI, Collaboration, Content Management, CRM, EPM, ERP Financial, ERP Services and Operations Management, TRM, PaaS,
Key Verticals: Banking and Financial Services,
ICE Mortgage Technology Key Enterprise and Cloud Applications
ICE Mortgage Platform
ICE Mortgage Technology Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
ICE Mortgage Technology Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
ICE Mortgage Technology Enterprise Applications Revenues By Functional Markets, $M:
ICE Mortgage Technology Enterprise Applications Revenues By Verticals, $M:
ICE Mortgage Technology Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
ICE Mortgage Technology Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
ICE Mortgage Technology Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified ICE Mortgage Technology Customers
No. of ICE Mortgage Technology Customers: 3600
No. of ICE Mortgage Technology Enterprise Applications Customers: x
No. of ICE Mortgage Technology Cloud Customers: x
No. of ICE Mortgage Technology Cloud Subscribers: x
ICE Mortgage Technology has more than 3600 customers. Some of their customers are Chemical Bank, First American, Gold Star, TruHome Solutions, Waterstone Mortgage, eagleHome Mortgage, Alcova Mortgage, LeaderOne Financial Corporation, etc.
ICE Mortgage Technology Market Opportunities, M&A and Geo Expansions
In September 2020, Intercontinental Exchange received regulatory approval and fully completed its $11 billion acquisition of Ellie Mae from leading private equity firm Thoma Bravo. The core focus of Ellie Mae's technology, expertise, and network is in the mortgage origination process, connecting brokers, underwriters, and lenders. With all three of these entities, MERS, Simplifile, and Ellie Mae working together as part of ICE Mortgage Technology, the expanded platform will, for the first time, bring together all of the key stakeholders from origination to final settlement in one digital mortgage ecosystem."
ICE Mortgage Technology Risks and Challenges
Acquisitions are an integral part of the corporate strategy, so there is the entrepreneurial risk that the acquired company will not develop economic as expected and will not achieve the revenue and earnings targets pursued upon its acquisition.
ICE Mortgage Technology Ecosystem, Partners, Resellers and SI
By fostering partnerships across the mortgage industry, ICE Mortgage Technology developed a large network of partners that, every day, ensure thousands of customers can efficiently engage, originate, close, and sell loans. Some of their partners are: Wells Fargo, FreddieMac, Connector, Flagstar Bank, TotalExpert, Caliber HomeLoans, ClearCapital, Fannie Mae, Finicity, etc.
ICE Mortgage Technology Cloud Infrastructure Insights
Subscribe to read more about:
- ICE Mortgage Technology Public Cloud and Infrastructure (IaaS)
- ICE Mortgage Technology Platform (PaaS)
- ICE Mortgage Technology Application Delivery
- ICE Mortgage Technology Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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