In today’s chaotic marketplace, mortgage companies need to streamline the mortgage process so they can get more credit. ICE Mortgage Technology’s Encompass provides a truly differentiated digital platform that provides direct processing for a comprehensive end-to-end workflow. From lowering costs to reducing time to close, this lending software enables lenders to make smarter business decisions.
Encompass has everything mortgage lenders need to get and close more loans, grow their business at scale, streamline operations, and stay fully compliant – all in one place. With innovative and preconfigured task-based workflows, the omni-channel experience enables teams to get started without having to create an environment from scratch.
“While Encompass is recognized as the gold standard in the credit industry, leveraging not just data and technology, but real industry expertise to deliver technology that actually solves problems for lenders, we are rapidly evolving what a credit platform is,” said Joe Tyrrell, President. ICE mortgage technology. “As we expose more APIs, provide direct access to the components of the platform, and create a range of technologies and data that lenders can leverage, we want to enable every imaginable experience.”
Encompass maximizes operational efficiency through automation throughout its users’ organization while ensuring compliance with ever-changing regulations. The platform also delivers actionable data insights that help lenders align with their competitors and make informed decisions about what to focus on to optimize their ROI.
“Encompass is the industry-leading platform for lenders and investors with the functionality to support each channel they use through a single system of record,” said Stephanie Durflinger, Vice President, Product Management. “As our customers’ businesses grow and more channels are added, Encompass continues to support them by minimizing complexity, steps, systems, costs, or manpower requirements. ”
Encompass offers a unique combination of powerful automation, ease of use and flexibility to help mortgage companies streamline their operations from start to finish and take their business to the next level without leaving the platform.
For example, Encompass eClose is leading the industry’s transition to paperless financial statements with a more efficient process that eliminates the hassle and added cost of managing multiple vendors.
“We have also integrated an eVault solution to enable our customers to store digital mortgages and promissory notes securely,” said Durflinger. “In addition, Encompass offers a completely web-based solution for correspondent investors that enables them to digitize traditional analog processes in the secondary market and to acquire loans with less effort.”
By leveraging data and automation, Encompass helps users reduce costs, increase sales and provide a better customer experience. Also, by automating previously manual, time-consuming tasks, users can increase efficiency at any point in the credit lifecycle.
ICE Mortgage Technology combines the native automation of Encompass with the e-collaboration and e-recording capabilities of Simplifile, along with the national electronic registry for nearly 90% of the US mortgage market in MERS. Encompass enables the automation of manual, time-consuming tasks to expedite the loan process and meet the borrower’s need for speed and convenience, which ultimately helps improve the borrower’s experience.
Joe Tyrrell, President of ICE Mortgage Technology
Joe Tyrrell heads ICE Mortgage Technology, the leading provider of cloud-based lending platforms for the mortgage industry and part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure.
Stephanie Durflinger, VP, Product Management
Stephanie Durflinger is vice president, next generation product management for ICE Mortgage Technology.