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News & Press: Industry News

MERS Owner Buying Simplifile

Tuesday, May 21, 2019  
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Intercontinental Exchange, which owns various stock exchanges, including the NYSE, as well as MERS (the Mortgage Electronic Registrations System), has agreed to acquire Simplifile. Simplifile is in the electronic mortgage processing business and uses its electronic platform to connect with county governments and various settlement service providers. The acquisition will add momentum to the use of “eNotes” and digital tracking of mortgage information. According to the Wall Street Journal, MERS users registered 19,000 new eNotes in the first quarter of 2019, more than all the eNotes registered 2018.

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