Simplifile Processes Its 100 Millionth Document for E-recording
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 processed its 100 millionth document on April 1 and added more than 2,400 new submitters in March 2020. Simplifile is part of ICE Mortgage Services, which applies technology and high-capacity infrastructure to make the mortgage process electronic and more efficient.
"This milestone comes at an important time, not just for Simplifile, but for the mortgage industry as a whole, as it transitions to respond to the COVID-19 pandemic," said Paul Clifford, President of Simplifile. "As our customers respond to both strong activity and uncertainty about the future, we're working to ensure our systems are stable, resilient and dependable enough to meet any of the industry's eRecording needs."
Through Simplifile - a leader in eRecording - title companies, banks, attorneys and other document submitters can send electronic records directly to any of the 2,073 participating county recording offices, representing more than 80% of the U.S. population. In minutes, the county recorder can review, stamp, record and return documents to the settlement agent electronically. The process of submitting, recording, processing and returning documents is fully digital and can be done remotely, which is enabling a continuation of support and operations through the current crisis. In addition, recording fees and associated payments can be processed directly through Simplifile's secure 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 is also traking the operating status of county recording offices throughout the U.S. during the COVID-19 pandemic. To learn more, visit https://go.simplifile.com/en/covid-19-county-recording-status-and-faq.
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.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."
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 (News - Alert)) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on February 6, 2020.
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