Intercontinental (ICE), Freddie Mac Join to Enhance Loan Quality
ICEIntercontinental Exchange(ICE) Zacks Investment Research·2024-03-21 00:40

Intercontinental Exchange, Inc. (ICE) recently announced its partnership with Freddie Mac in a bid to improve the loan quality for lenders in the mortgage origination process. This partnership will aid lenders to serve more borrowers along with lowering risk. This move bodes well for Intercontinental, which aims to strengthen its Mortgage Technology segment. This segment’s revenues accounted for 19% of ICE’s consolidated revenues in 2023. This partnership should benefit from the solutions and automation tec ...