Surge in Re-financing and Digital Adoption Driving Record Volume
ATLANTA & PROVO, Utah–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that Simplifile set a new company record by e-recording 106,244 documents in a single day on November 12. Simplifile is part of ICE Mortgage Services which applies technology and high-capacity infrastructure to make the mortgage process electronic and thus more efficient.
Surpassing the previous record of 102,491 on Sept. 30, this is the second time Simplifile has recorded more than 100,000 documents in a single day. Simplifile’s e-recording network covers more than 80% of the nation’s population.
“This major milestone is another example of the growing acceptance and adoption of e-recording among submitters and recorders nationwide,” said Paul Clifford, President of Simplifile. “We attribute this to our ever-growing e-recording network, and an overall increase in mortgage volume due to favorable interest rates. We’re proud to offer a solution that makes the settlement process faster and more efficient for settlement agents and new homeowners.”
Through Simplifile, settlement agents can submit land records directly online to any of the 2,003 participating county recording offices. In just minutes, the county recorder can review, stamp, record and return documents to the settlement agent electronically. In addition, recording fees and payments can be processed directly through Simplifile’s secure payment service, eliminating payment errors and check-writing expenses.
For an up-to-date list of counties participating in Simplifile’s e-recording network, visit https://simplifile.com/e-recording-counties/.
Simplifile, part of Intercontinental Exchange, is the nation’s largest e-recording network, and connects settlement agents and county recorders via its e-recording service. It also offers collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share and track documents, data and fees with ease.
To learn more, visit https://simplifile.com or call 800.460.5657.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes. As the parent company of the New York Stock Exchange, the company is the premier venue for raising capital in the world, driving economic growth and transforming markets.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC on February 7, 2019.
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