Intercontinental Exchange Inc. will spend at least $173 million to locate the headquarters of its mortgage technology division in Jacksonville, Florida.
The company and Jacksonville economic development officials announced the expansion on Tuesday. It was confirmed by the City of Jacksonville on LinkedIn the same day.
The post explained that ICE is “starting off with 1,500 jobs and will grow by another 500 jobs from multiple divisions over the next seven years — along with a capital investment of up to $216 million.”
According to Jacksonville Today, the city council in November approved a $21 million incentive package for ICE, which was identified at the time by the code name Project Paper Co.
ICE acquired Jacksonville-based Black Knight last year and will operate out of the former Black Knight building on Riverside Avenue in the Brooklyn area of central Jacksonville. ICE also is looking to expand to an unannounced building, Jacksonville Today reported.
Sagent is another company expanding its reach. The fintech software company that seeks to modernize mortgage servicing announced the opening of a new office in Dallas on Dec. 9.
The expansion marks Sagent’s latest addition to its national and global footprint after opening an office in India in 2023.
“Dallas is a vibrant mortgage servicing hub with a talented workforce, making it an ideal location for Sagent to grow and innovate,” CEO Geno Paluso said in a statement. “We’ll use this new space to collaborate more effectively with our teams, partners and customers to accelerate the delivery of Dara while powering America’s top servicers today.”
Per a company news release, the Dallas location was chosen because of its proximity to other mortgage servicers in the area as well as its strong technology ecosystem.
“The Dallas office will play a crucial role in our teams’ ability to collaborate, and overall delivery of our products, enabling the company to continue its mission of transforming the mortgage servicing industry,” said Sagent chief technology officer Omer Farooque, who is based in Dallas.
