Who Owns ICE Mortgage Technology?
ICE Mortgage Technology is the mortgage software division of Intercontinental Exchange, Inc. (NYSE: ICE). Assembled from the 2020 acquisition of Ellie Mae for about $11 billion and the 2023 purchase of Black Knight for $11.9 billion, it runs the Encompass origination platform and the MSP servicing system from a divisional headquarters in Jacksonville, Florida.
Parent Company
Founded
2020
Status
Publicly Traded
Headquarters
ICE Mortgage Technology Timeline
United StatesOfficial Website
Who Owns ICE Mortgage Technology?
- Parent Company: Intercontinental Exchange, Inc.
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: ICE
| Brand | Parent Company | Ownership Type |
|---|---|---|
| ICE Mortgage Technology | Intercontinental Exchange, Inc. | Brand division |
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History of ICE Mortgage Technology
- Founded: 2020
- Founders: Intercontinental Exchange (via Ellie Mae acquisition)
ICE's mortgage strategy began in 2016 when it bought a majority stake in MERSCORP, operator of the MERS national loan registry, then added document-recording platform Simplifile in 2019. The big step was Ellie Mae, the Encompass loan origination system maker ICE acquired in 2020 for about $11 billion; ICE renamed the combined operation ICE Mortgage Technology in 2021.
The 2023 Black Knight deal, closed after ICE agreed to divest Empower LOS and Optimal Blue to satisfy the FTC, made the division end-to-end: Encompass on origination, MSP on servicing, and data and analytics connecting both.
In December 2024 ICE chose Jacksonville, Florida as the division's headquarters, committing to at least $173 million in investment and more than 500 new jobs on a Deerwood Park campus it bought from Bank of America in January 2025. On the October 2026 earnings call, CEO Jeffrey Sprecher declined to rule out a future sale of the division, telling analysts ICE is "not married to anything" when asked whether it remained the right owner.
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About Intercontinental Exchange, Inc.
What is Intercontinental Exchange?
ICE is a publicly traded operator of global futures, options, and equity exchanges, a financial data provider, and a mortgage technology company headquartered in Atlanta, Georgia. It trades on the NYSE under the ticker ICE.
Does ICE own the New York Stock Exchange?
Yes. ICE acquired NYSE Euronext in 2013 for approximately $8.2 billion, making the NYSE a subsidiary within its Exchanges segment.
Is Intercontinental Exchange publicly traded?
Yes. It trades on the New York Stock Exchange under the ticker ICE, and has been listed since 2005.
Who founded Intercontinental Exchange?
Jeffrey Sprecher founded the company in 2000 in Atlanta and still serves as chairman and CEO.
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What are ICE's business segments?
Exchanges, Fixed Income and Data Services, and Mortgage Technology, the last built from the Ellie Mae and Black Knight acquisitions.
How does ICE make money?
Transaction and clearing fees, listing fees, recurring data and subscription revenue, and mortgage software fees per loan and on subscription.
- Founded: 2000
- Headquarters: Atlanta, Georgia, USA
- Company Type: Publicly Traded
- Stock: NYSE: ICE
- Revenue: $11.8 billion (FY2025)
- Employees: Approximately 13,000
Where Is ICE Mortgage Technology Made / Based?
- Headquarters: Jacksonville, Florida, USA
ICE Mortgage Technology Categories & Tags
Brands Owned by Intercontinental Exchange, Inc.
Finance FintechICE Data Services
Owned by Intercontinental Exchange, Inc.
Intercontinental Exchange's fixed income pricing, reference data, index, and analytics business, built on the 2015 acquisition of Interactive Data Corporation.
market-datafixed-incomeindices
Finance FintechICE (Intercontinental Exchange)
Owned by Intercontinental Exchange, Inc.
The ICE exchange and data brand covering global futures, options, and energy markets, operated by Intercontinental Exchange, Inc.
exchangesfutures-tradingenergy-markets
Finance FintechNew York Stock Exchange (NYSE)
Owned by Intercontinental Exchange, Inc.
The world's largest stock exchange by market capitalization, founded in 1792 and owned by Intercontinental Exchange since 2013.
stock-exchangeequitieslistings
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ICE Mortgage Technology Ownership: Pros & Cons
Advantages
- +Encompass and MSP hold category-defining market shares
- +Registry and e-recording assets give structural moats
- +Counter-cyclical balance against exchange volumes
- +Recurring SaaS-style revenue base
- +Backed by ICE's capital and data cross-sell
Considerations
- -Origination revenue swings hard with rate cycles
- -FTC-forced divestitures limit bundling options
- -$23 billion in combined deal cost sets a high return bar
- -ICE leadership has publicly kept a sale on the table
Frequently Asked Questions About ICE Mortgage Technology
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Sources & Further Reading
- ICE Mortgage Technology
- ICE Investor Relations
- ICE 10-K (SEC EDGAR)
- Intercontinental Exchange Company Page — /companies/intercontinental-exchange
Competitors to ICE Mortgage Technology
No direct competitors found in the same category. This could be because ICE Mortgage Technologyoperates in a unique market segment or we're still building our competitor database.
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Independent Alternatives to ICE Mortgage Technology
Looking for brands with different ownership structures? These similar brands are not owned by Intercontinental Exchange, Inc., giving you alternative choices that support different corporate structures.
Finance FintechBybit
Owned by Bybit Fintech Limited
Dubai-based cryptocurrency exchange, the world's second-largest by trading volume, serving more than 80 million registered users.
crypto-exchangetradingbitcoin
Privately Owned
Bybit is privately owned, unlike ICE Mortgage Technology which is under a publicly traded parent company.
Finance FintechKalshi
Owned by Kalshi Inc.
CFTC-regulated prediction market exchange where users trade contracts on real-world events, valued near $40 billion in late 2026 funding talks.
prediction-marketevent-contractscftc-regulated
Privately Owned
Kalshi is privately owned, unlike ICE Mortgage Technology which is under a publicly traded parent company.
Finance FintechRevolut
Owned by Revolut Ltd.
British digital banking and fintech brand offering accounts, payments, currency exchange, crypto and stock trading to more than 50 million customers.
neobankfintechdigital-banking
Privately Owned
Revolut is privately owned, unlike ICE Mortgage Technology which is under a publicly traded parent company.
Finance FintechTrading 212
Owned by Trading 212
UK-based commission-free trading platform offering stocks, ETFs, and crypto to over 4.5 million clients across Europe.
tradinginvestingfintech
Privately Owned
Trading 212 is privately owned, unlike ICE Mortgage Technology which is under a publicly traded parent company.
Finance FintechBarings
Owned by Massachusetts Mutual Life Insurance Company (MassMutual)
Global asset management firm headquartered in Charlotte, North Carolina, and subsidiary of MassMutual, managing investments across fixed income, real estate, and private markets.
asset-managementinvestmentsfixed-income
Privately Owned
Barings is privately owned, unlike ICE Mortgage Technology which is under a publicly traded parent company.
Finance FintechBloomberg Terminal
Owned by Bloomberg L.P.
Industry-standard financial data and analytics platform used by approximately 325,000 subscribers at banks, hedge funds, and institutional investors worldwide.
financial-datamarket-dataanalytics
Privately Owned
Bloomberg Terminal is privately owned, unlike ICE Mortgage Technology which is under a publicly traded parent company.
Intercontinental Exchange, Inc. Stock Information
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Jobs at Intercontinental Exchange, Inc.
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