PLEASANTON, Calif. – April 1, 2021 – ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced that the industry’s leading solution for mortgage lenders and correspondent investors released a number of enhancements to the Encompass® platform. The enhancements will help mortgage companies save time and increase productivity across the lending and acquisition processes, furthering ICE Mortgage Technology’s commitment to continued innovation and mission to automate everything automatable in the residential mortgage industry.
Specific enhancements include:
- Task management and automation – A new loan workflow model that enables lenders to easily orchestrate, delegate, and automate the completion of tasks across any user, at any stage of the loan lifecycle, and at any given time.
- Automated service ordering – Enables lenders to automatically order Flood Determination Services from DataVerify and order Automated Underwriting Systems from Fannie Mac and Freddie Mac simultaneously which saves significant time by eliminating manual steps in the traditional service ordering process.
- Enhanced document management – A new document viewer that offers quicker uploads with auto-conversion, cloud storage requiring less workstation resources, and simplified document management.
“With the recent influx of refinance volume, mortgage companies need technology solutions that address workflow efficiency so they can handle the increase in customer demand,” said Stephanie Durflinger, vice president of product management, ICE Mortgage Technology. “That’s why we’re thrilled to introduce three new ways for lenders and investors to simplify and automate their workflows so they can focus more time on delivering amazing customer experiences to grow their business. With the introduction of task management and automation, automated service ordering, and our new document viewer, we’re giving lenders and investors innovative solutions to get more accomplished in less time and effort.”
Additional details and demos of the latest innovations can be found at Experience 2021, the company’s user conference that brings together industry experts, peers, and vendors to discuss the latest technology, challenges, and use cases.
“It’s been more than a year since the pandemic forced many mortgage companies to reevaluate how they do business,” added Durflinger. “At this years’ Experience user conference ICE Mortgage Technology led the way by showcasing various solutions and enhancements that help our customers continue to grow their business through automation despite the state of the ever-changing marketplace.”
About ICE Mortgage Technology
ICE Mortgage Technology, a part of Intercontinental Exchange, Inc. (NYSE: ICE), combines the innovation and expertise of Ellie Mae, Simplifile and MERS to automate the entire mortgage process from consumer engagement through loan registration and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality, and efficiency. Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.
Press Contacts
Sara Holtz
ICE Mortgage Technology
(925) 227-2193
sara.holtz@ice.com
Jenny Gendron
ICE Mortgage Technology
(925) 437-9118
jenny.gendron@ice.com
Caitlin Coffee
Allison+Partners
(312) 635-8204
ICEMortgageTechnology@allisonpr.com
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© 2021 Ellie Mae, Inc., doing business as ICE Mortgage Technology. All rights reserved. Encompass®, and the ICE Mortgage Technology logo are trademarks of the entities of ICE Mortgage Technology.