Bringing down the cost of a residential home loan is at the heart of it…and then???
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Jeff Sprecher, founder and CEO of commodities and securities trading colossus Intercontinental Exchange (market cap: $64 billion), just made the biggest acquisition in his enterprise’s 23-year history on the conviction that streamlining and digitizing the paper-intensive, time-devouring task of securing loans on the nation’s ranches, colonials, and condos, and revolutionizing the staid way these staples are marketed represents, as he told Fortune, “the biggest untapped opportunity in financial services.”
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