Maximizing loan process automation with Truework in Encompass


In our Partner guest blog series, ICE Mortgage Technology Partners who achieve Silver level have the opportunity to share a blog on our website that explores a hot mortgage industry topic, and details their Encompass® integration. Keep a look out for more guest blogs from our valued Partners!

Leaders in the mortgage industry are recognizing the value of automation, no matter the market conditions. In a higher-rate market, automation can help optimize resources in order to keep costs low. When origination demand soars in a lower-rate market, lenders can look to automated solutions to easily scale their production capacity.

Newly integrated into the latest Encompass Partner Connect API Platform, Truework, a fintech company providing income and employment verifications for the nation’s largest mortgage lenders, is the latest ICE Mortgage Technology partner to add Automated Service Ordering through the Encompass platform.

Encompass Administrators now have the ability to customize business logic conditions to ensure verification automation fits within their current workflows, helping eliminate duplicate and unnecessary verification orders.

Jeremy Longman, loan processing manager at Ideal Lending Solutions, is already seeing the benefits of the integration: “Once the verification is initiated through the Encompass platform, we don’t have to think about it again. That’s a huge improvement.”

Leveraging Truework through the ASO program will help lenders reduce costs and increase underwriting efficiency by automating employment and income verifications for any borrower.

“ICE Mortgage Technology is a leader in the mortgage origination space and we’re excited to launch an integration focused on automation that will immediately benefit thousands of lenders across the country”, said Ryan Sandler, CEO of Truework. “Alongside ICE, our team has shown a dedication to pushing the technological boundaries in order to help lenders increase efficiency and convert more applicants into borrowers.”

The addition of Truework into the ASO program comes as more lenders are looking to increase tech spend and focus on automation in 2023, according to National Mortgage News. Truework on Encompass is an advancement in automation that eliminates the tedious manual data submissions traditionally required to process verifications. It enables loan teams to automatically verify millions of employees through Truework’s instant data network.

Truework’s status as an authorized report supplier for Fannie Mae’s Desktop Underwriter® (DU®) validation service, a component of Day 1 Certainty®, helps teams further mitigate underwriting risk. Mortgage lenders can now use Truework for automated income and employment verification reports while receiving Day 1 Certainty® eligibility on millions of employee records without leaving Encompass.

With the ups and downs of the mortgage market, automated solutions are providing reliability and stability when lenders need it most.

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