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Associated Mortgage

Associated Mortgage Corporation - Tulsa, OK

Associated Mortgage Corporation 918-491-9900

Intercontinental Exchange Announces Agreement to Acquire Simplifile LC

ICE will pay $335 million to acquire Simplifile, which is based in Provo, Utah and has no debt. The transaction is expected to close in the third quarter of this year, subject to the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. ICE does not expect the transaction to have any impact on its previously announced capital return plans. Upon closing, Simplifile, which has approximately 200 employees, will continue to be based in Provo and operate under the Simplifile name.

“Originators, consumers, and investors can obtain significant benefits and savings as the real estate process shifts from paper-based to digital transactions. Simplifile understood this trend early, uniquely solving for the critical aspect of submitting required documents into the public record in a seamless, auditable and transparent method,” said Chris McEntee, President of ICE Mortgage Services. “By connecting lenders, settlement agents, and counties through a robust network, Simplifile will enhance ICE’s efforts to further streamline a legacy process ripe for innovation,” McEntee added.

Friday Photos: Habitat Building 100 Homes in Midtown

“She will pay just about what she is right now for a small apartment,” said Habitat Milwaukee executive director Brian Sonderman . Habitat structures the mortgage payments to be no more than 30 percent of an individual’s income.

Robinson will have to do more than take a few ceremonial swings of the hammer to earn her house, though. Habitat requires hundreds of hours of sweat equity to qualify for a home. The average Habitat mortgage is $500 to $800 per month.

Braun, the one-time National League Most Valuable Player, took photos and signed autographs before and after working with Robinson. “You guys should be applauded for the work that you do. It’s really incredible” said Braun to the assembled volunteers.

The outfielder has worked with the Milwaukee arm of Habitat for nine years. He said he’s also worked with Habitat in his home state of California for 15 years.

Volunteers from Rexnord -subsidiary Zurn, Associated Bank and Accunet Mortgage worked alongside Habitat professionals Friday.

What are the risks associated with a mortgage from an online company with low rates (ING, Lending Tree)?

Can anyone explain the risks of getting a mortgage with ING Direct as opposed to a bank (Bank of America)? Are the risks more long-term? What's the worst case scenario? Thanks.

I think the risks are short term. There is a lot of paperwork that needs to be done to complete a loan.

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