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United Wholesale Mortgage Selects ICE Mortgage Technology to Power In-House Servicing Strategy

1. UWM signs a long-term agreement with ICE for the MSP loan servicing system. 2. The deal enhances UWM's in-house servicing capabilities with advanced technology.

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FAQ

Why Bullish?

The agreement signifies strong demand for ICE's mortgage technology, similar to previous technology partnerships which boosted share prices.

How important is it?

This contract reflects ICE's competitive edge in mortgage technology, crucial for future revenue growth.

Why Long Term?

As UWM scales its operations using ICE technology, long-term growth may positively impact ICE's revenue and market position.

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ATLANTA & PONTIAC, Mich.--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that United Wholesale Mortgage (UWM) has signed a long-term agreement to license ICE Mortgage Technology's industry-leading MSP® loan servicing system. Selecting MSP will allow the nation's largest mortgage lender to bring its servicing operations in-house with a modern, comprehensive solution that streamlines the entire servicing process. Ope.

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