May 3, 2019
MERS owner, , is buying Simplifile for $335 million. ICE is the parent company of the and is also a provider of data and listings services; Simplifile operates one of the largest networks connecting the agents and jurisdictions that underpin residential mortgage records. ICE also bought MERS last year. The way Simplifile works is it acts as an electronic liaison between , , and offices, streamlining the local recording of residential transactions. ICE will pay $335 million to acquire Simplifile, which is based in Provo, Utah and has no debt. Simplifile was founded in 2000 in order to digitize the closing process of the industry. s
