ICE grows mortgage tech revenue in Q3 through Wells Fargo, Freedom deals

Intercontinental Exchange Inc. (ICE), the parent of ICE Mortgage Technology and operator of the New York Stock Exchange, reported higher mortgage technology revenue in the third quarter as it renewed a servicing contract with Wells Fargo and signed Freedom Mortgage to its platform. ICE Mortgage Technology generated $549 million in total revenue in Q3 2026, up 4% from a year earlier and slightly below the $557 million it posted in the prior quarter, according to Securities and Exchange Commission (SEC) filings posted Thursday. Its mortgage technology operating expenses were $536 million in the third quarter, producing operating income of $13 million and an operating margin of 2%. Servicing software remained the largest revenue contributor at $229 million, followed by origination technology at $189 million, data and analytics at $71 million, and closing solutions at $60 million. “Transaction revenues also grew 4% in a market that moved against us late in the quarter,” chief financial officer Warren Gardiner said on the company’s earnings call. “This quarter also marks three years since we closed our acquisition on Black Knight, and the integration continues to deliver ahead of plan.”...