ICE Expands Data Coverage to Include More Than 90% of Residential Real Estate Listings Through Deal with MLS-Owned REdistribute

Adds to existing agreements with The Realty Alliance and the National Association of Realtors

Provides broad access to property listing information, direct from the source, to lenders, underwriters, portfolio managers, and government agencies

ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that it has expanded its coverage of real estate listings data through a first-of-its-kind, multi-year licensing agreement with REdistribute for permissioned access to multiple listing services (MLS) information. The deal, in addition to existing agreements with The Realty Alliance and the National Association of Realtors, brings ICE’s MLS data coverage to well over 90% of active listings.

“Our close working relationships with so many U.S. and Canadian multiple listing services (MLSs) gives us a clear view of their vital role in the wider housing finance universe,” said Ben Graboske, President of Mortgage Data & Analytics, ICE Fixed Income & Data Services. “The data produced when properties are listed for sale contains essential market information that can serve many business and risk management use cases. REdistribute provides clean, timely, highly compliant, and accessible listings data, which complements our comprehensive property data solution for banks, portfolio managers, government agencies and others who need access to the best, most up to date information on the housing market.”

Launched in 2022, REdistribute is an MLS-owned company that has grown to include licensed data from more than 40 MLSs. The company aggregates and distributes data from participating organizations and brokerages, providing unbiased, up-to-date MLS data directly from the source.

“Our mission is rooted in the recognition that the work product of an MLS – that is, the real estate listings they produce – can, and should, bring additional value back to the MLS and its participating brokers,” said Amy Gorce, CEO of REdistribute. “We’re delivering clean, standardized MLS data directly from the source, and specifically on behalf of the producers of that data. Working with ICE in this way will help us to build on our vision and deliver better real estate data to those who need it.”

About REdistribute

REdistribute is a joint venture of some of the largest MLSs in the country that changes how MLS data is collected and packaged for institutional use. REdistribute aggregates data on behalf of participating MLS organizations and brokerages, providing mortgage, insurance and other housing-related businesses with unbiased, up-to-date MLS data directly from the source. Revenue generated by REdistribute is shared with participating MLSs, allowing them to add even more value to their participating brokers. For more information, visit www.redistribute.com.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates 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, 2022, as filed with the SEC on February 2, 2023.

Category: Mortgage Technology

ICE-CORP

Source: Intercontinental Exchange