Technology

MERS, NYSE owner Intercontinental Exchange increases mortgage presence by buying Simplifile

Completes $335 million purchase of electronic document platform
Intercontinental Exchange, the parent company of the New York Stock Exchange, moved into mortgages in a big way last year when the company bought MERS. And now, ICE is increasing its presence in the mortgage business. ICE announced Wednesday that it has acquired Simplifile, which acts as an electronic liaison between lenders, settlement agents, and county recording offices, for $335 million.
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Need help putting together your marketing tech stack?

Our experts at engage can help
New tech solutions continue to flood the mortgage industry, all promising to improve processes, increase efficiencies and save money. Marketers are being inundated with options, but it’s difficult to know where to start, much less what to actually implement. That’s why we asked industry experts to speak at engage.marketing in our session titled, How I Built This: Putting Together Your Marketing Tech Stack.
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Former HousingWire Editor-in-Chief Jacob Gaffney partners with former CoreLogic exec to launch media and PR firm

Joins with Alyson Austin to form Gaffney Austin
Two of the most well-known names in the housing space are partnering together to launch a media and public relations firm. Jacob Gaffney, who led HousingWire’s editorial team for more than a decade, recently left the company and is partnering with Alyson Austin, a former CoreLogic executive, to launch Gaffney Austin.
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LenderClose expands its software development team

The fintech company welcomes 3 new software engineers to the company
Fintech startup LenderClose recently announced it expanded its team, welcoming three new software engineers to the company, including Matthew Brown, Phyllis Nelson and Jessica Wilson. LenderClose COO Ben Rempe said this team is directly responsible for making sure the company's rapid technology development is accompanied by the highest quality client care and attention.
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NAR invests in blockchain startup Propy

Protech real estate platform aims to digitize and streamline real estate transactions
The National Association of Realtors is backing Propy, a Silicon Valley startup whose real estate software aims to automate real estate transactions and allows properties to be bought and sold in an automated digital process that includes the use of cryptocurrency.
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Covius buying sizable chunk of Chronos Solutions' business

Set to acquire credit, verification, REO, and auction businesses
Covius Holdings, the technology solutions provider formerly known as LenderLive, is about to grow its business significantly by acquiring a sizable piece of Chronos Solutions. According to Covius, the company has agreed to acquire Chronos’ credit, flood, income and tax verification services, government services, REO management and disposition, online foreclosure auction, and HOA tracking units.
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From HW Magazine

Quantarium disrupts valuation space with AI-driven innovation

Neural networks that mimic biological processes deliver high level of accuracy
The name Quantarium, relying on foundational concepts in quantum physics, reflects the company’s focus on leveraging in an initial non-discriminatory manner, all possible data, up to the smallest pieces of information available, as the starting point for its innovative products and services.
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Wall Street's sheriff opens investigation of First American data exposure

New York regulator will probe the alleged exposure of more than 885 million documents
New York's top financial watchdog has turned its attention to First American's security incident that allegedly exposed millions of records to anyone with a web browser, as initially reported by cybersecurity expert Brian Krebs. The New York State Department of Financial Services sent a letter to First American on Tuesday asking for information.
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SoFi raises $500 million more in funding as Qatar buys in

New investment values online lender at $4.3 billion
SoFi is no stranger to raising money, as the online lender has raised nearly $2 billion over the last few years. And now, SoFi is broadening its investor base even more. The online lender announced Wednesday that it raised more than $500 million in equity financing led by Qatar Investment Authority, the sovereign wealth fund of Qatar.
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