Recently, Intercontinental Exchange (ICE) announced a plan to acquire Black Knight in a reported $13 billion deal that, if approved by federal regulators, would certainly be one of the largest acquisitions ever in the mortgage technology space. The importance of this particular acquisition is one that could have implications for consumers, lenders, vendors and settlement service providers.
More importantly, the acquisition should be a wake-up call about the importance of data in a future world.
Mortgage competition is critical
The mortgage industry to date has not been “Amazoned,” as has the retail sales market, or “Ubered,” as has the transportation market, details ⇒
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