ICE Mortgage Technology reports $95M of operating income in 2Q
REGISTER NOW ICE Mortgage Technology reported better than expected second quarter results due to new customer growth and increased adoption of digital workflow tools, executives of parent company Intercontinental Exchange said on a conference call. "Mortgage technology revenues grew 17% year-over-year, second quarter transaction revenues increased by 8%, while recurring revenues were up 36%, and at $136 million exceeded the high end of our guidance," said Warren Gardiner, Intercontinental Exchange's chief financial officer In the first quarter, recurring revenue was $125 million, while for t...
Source: nationalmortgagenews.com