Black Knight has decided to sell its loan origination software business Empower in a bid to save the $13 billion deal with Intercontinental Exchange Inc (ICE), Reuters reported, citing sources familiar with the matter.

The Federal Trade Commission (FTC) has been scrutinizing the ICE-Black Knight deal for months amid mounting concerns from U.S. lawmakers and trade groups over antitrust issues. If the deal goes through, it would make ICE the most dominant mortgage services company in America.

The mortgage data vendor has hired Truist Financial Corp. to explore the sale of Empower, which received details ⇒

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