Technology

The newly merged ICE Mortgage Technology entered into agreements with two companies this week to facilitate closings and income verification.

Some of the lender and servicer's systems are offline following the attack on Oct. 31.

While the addition of Black Knight is already paying off in terms of cross-sell success, the unit has posted operating losses in five of the last six quarters.

The Toronto-based company is looking at local and international expansion, CEO Shubha Dasgupta said.

Incorporating an artificial intelligence chatbot into its internal search engine tool is part of a "bigger narrative" that will unfold in months to come, the company's chief information officer said.

Close to 100 employees including the co-founders of Follow Up Boss will transition to the acquiring company.

The order follows a similar decree by the Securities and Exchange Commission for publicly traded firms to disclose incidents they deem "material."

The neobank is also benefiting from its product diversity.

CEO Scott Sanborn said it's unclear when demand from banks to buy the fintech's loans will return.

Until now, National MI and Essent did not have direct ties with the legacy platform, although they are already on the newer enterprise loan origination system.