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Following sale, Black Knight Origination Technologies rebrands to Dark Matter Technologies

Housing Wire

Dark Matter Technologies , formerly Black Knight Origination Technologies, has rebranded after being acquired by the Perseus Operating Group of Constellation Software Inc. ICE Mortgage Technology announced plans to acquire Black Knight for $13.1 billion in May 2022, but antitrust concerns delayed the deal for more than a year.

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Industry experts detail the benefits, challenges of AI

Housing Wire

The paper was co-authored by several BlackFin executives and mortgage technology leaders from other organizations, including Chuck Iverson at Mason-McDuffie Mortgage and Maria Moskver at Cloudvirga. They argue that understanding the technology is imperative when choosing a specific tool to deploy. “In

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ICE Mortgage Technology is betting on increased sales for 2023

Housing Wire

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $249 million in total revenue in the fourth quarter, down 9.8%

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Polly CEO on using technology to improve margins

Housing Wire

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. What is the disconnect there?

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Tim Bowler named president of ICE Mortgage Technology

Housing Wire

Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. Bowler will be in charge of ICE’s business segment, which is focused on automating elements of the mortgage industry and delivered a revenue of $1.1 Timothy Bowler, president of Intercontinental Exchange, Inc.

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ICE’s mortgage business outperforms in Q3 despite industry tailwinds

Housing Wire

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. ICE expects to have its second-best year for MSP sales since 2017. from Q3 2022’s $276 million.

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Title industry examines risks, rewards of AI

Housing Wire

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the same time, firms overlook the cultural impact the technologies could have, causing us to underestimate their impact on society.

Title 360