Intercontinental Exchangereason 04 of 4it is wired into how the customer already worksderived 2026-09-01accession 0001571949-26-000011
Mortgage Technology segment operates Encompass (origination SaaS), MERS (closing registry), MSP (servicing software), and Simplifile (closing solutions)
Origination technology revenues are based on recurring SaaS subscription fees with additive transaction-based pricing as lenders exceed loans closed in their monthly base subscription
MERS and Simplifile closing solutions revenues are largely transaction-based, driven by volume of loans closed
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedfour sentences · whole, uncut
the claims it rests on
“Mortgage Technology segment operates Encompass (origination SaaS), MERS (closing registry), MSP (servicing software), and Simplifile (closing solutions)”
“Origination technology revenues are based on recurring SaaS subscription fees with additive transaction-based pricing as lenders exceed loans closed in their monthly base subscription”
“MERS and Simplifile closing solutions revenues are largely transaction-based, driven by volume of loans closed”
what it was checked against
Mortgage Technology segment scope
“Mortgage Technology: We provide a technology platform that offers customers comprehensive, digital workflow tools that aim to address inefficiencies and mitigate risks that exist in the U.S. residential mortgage market life cycle, from application through closing, servicing and the secondary market.”