Here’s to new beginnings: Transitioning from Ellie Mae to ICE Mortgage Technology
By: Jonas Moe, SVP, Marketing, ICE Mortgage Technology
New name, new style, same mission.
As announced in September 2020, Ellie Mae was acquired by Intercontinental Exchange. Joining forces with MERS® and Simplifile®, our three organizations are now working together under the umbrella of ICE Mortgage Technology™. The ICE Mortgage Technology Platform is the first to bring together all of the key stakeholders from origination to final settlement in one single digital mortgage ecosystem.
Towards the end of last year, you might have seen us begin to use ICE Mortgage Technology when speaking about ourselves. Today, we are continuing the transition to our new entity by updating our website and, soon after, changing our email address to @ice.com.
While our logo and name are changing, our steadfast commitment to our mission is not. We remain dedicated to our mission to automate everything that can be automated within the mortgage process and to accelerate your success.
What is changing under our new name?
First, our speed of innovation will increase. We plan to accelerate bringing you the solutions you need to be successful, regardless of what external factors impact the mortgage industry. We are proud of how we have been able to help you adapt to the regulatory and industry changes that have come our way like TRID and the new URLA, ensuring that your businesses did not skip a beat.
Building on this, we have launched our new task-based workflow, in our completely web-based correspondent solution, which is live with the largest correspondent lender in the industry, and now, we will bring the same capabilities to our wholesale and retail solutions. As ICE Mortgage Technology, we will continue to identify new ways to help you serve your borrowers better, faster and more efficiently.
Second, we’ll continue to add more value to your Encompass® investment to help you drive down costs, speed your workflow and simplify key processes. By harnessing the power of Simplifile and MERS, we’ll add eNotes and eRecording to our core capabilities, while extending connectivity to more industry players, including over 2,000 county recorders and 5,000 MERS member organizations. And that doesn’t even include enhancements to existing solutions including Encompass Investor Connect™, Velocify®, AIQ™, and more.
Furthermore, we will continue to deliver next generation extensibility by offering additional and even faster APIs, advanced customization capabilities with web forms and tools, the ability to manage loans by tasks and exceptions, automated service ordering and enhanced conditions management. Simply put, there’s a lot more to come.
In the coming months, we will forge ahead as we continue our mission to automate everything automatable within the mortgage process. In the meantime, take a moment to bookmark www.icemortgagetechnology.com and whitelist @ice.com so you don’t miss a single thing.