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 checkedthree sentences · whole, uncut
the claims it rests on · in our words, not the filing’s