Engineering VP Recognized for Re-Imagining How Lending Gets Done

ICE Mortgage Technology^TM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that Louis daRosa, Vice President of Engineering of ICE Mortgage Technology has been selected as one of the housing industry’s Rising Stars by HousingWire Magazine. Profiled in the June 2021 issue of the publication, daRosa is among 50 leaders under the age of 40 named to the list who are shaping the mortgage, real estate, and fintech industries.

In its eighth year, the 2021 Rising Stars were selected by HousingWire’s Selection Committee based on their professional achievements within their organizations, contributions to the overall housing economy, community outreach, client impact, and personal success.

Recognized for leading a team of more than 200 engineers that deliver the next generation lending platform, daRosa is now supporting the industry’s largest correspondent lender. He and his team developed a platform that enabled digitization for secondary market activity and fundamentally shifted how correspondent lending gets done. The company’s cloud-based solutions are built with native automation that result in a robust infrastructure and ecosystem, allowing originators and investors to experience accelerated digitization. daRosa is transforming traditional retail, wholesale and correspondent lending by enabling lenders to adopt the level of automation that they are comfortable with, from processing to underwriting.

“Louis’ leadership has played an integral role in driving the mortgage industry and ICE Mortgage Technology forward,” said Joe Tyrrell, President of ICE Mortgage Technology. “The pandemic and the unprecedented volume that our industry has experienced this past year has forced many lenders to reevaluate their technology tools and lean more heavily than ever on digital solutions to maintain growth and scalability. Louis was a driving force behind our completely web-based Encompass® correspondent solution that we released last year, enabling lenders to grow exponentially while being completely virtual, which is why we believe he is such a rising star.”

For more information on the HousingWire Rising Stars Program, see the June 2021 issue of HousingWire or visit: www.housingwire.com.

ICE Mortgage Technology combines technology, data and expertise to help automate the mortgage process, from consumer engagement through loan registration, and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry, with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring high levels of compliance, quality and efficiency. Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.

About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

© 2021 ICE Mortgage Technology, Inc. All rights reserved. Encompass® and the ICE Mortgage Technology logo are trademarks of the entities of ICE Mortgage Technology, Inc.

Source: Intercontinental Exchange

View source version on businesswire.com: https://www.businesswire.com/news/home/20210604005058/en/