ICE Mortgage's results boosted by Black Knight

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The acquisition of Black Knight is bringing in the desired synergies and cross-sell wins for Intercontinental Exchange's mortgage technology business, executives said on the second quarter earnings call.

But on an operating basis, ICE Mortgage Technology posted a loss for the eighth time in the last nine quarters. Using an adjusted pro forma metric that treats Black Knight as if it owned it since 2021, the company posted slightly lower operating income on both a quarter-to-quarter and year-over-year basis.

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