First Time Homebuyers Move Closer to Ownership Dream With ICE Mortgage Technology’s Encompass® 21.3 Platform Enhancement
20 Ottobre 2021 - 02:30PM
Business Wire
Encompass 21.3 Release Enables 0% Loans for
Housing Finance Authority (HFA) Borrowers
ICE Mortgage TechnologyTM, part of Intercontinental Exchange,
Inc. (NYSE: ICE), a leading global provider of data, technology and
market infrastructure, today announced that the industry’s leading
origination system released additional enhancements to the
Encompass® platform. The Encompass 21.3 release supports the
ability for lenders to offer 0% loans, making home ownership more
accessible for first time buyers.
“As a technology company, we have been driven by two guiding
principles, which are lowering the cost of origination and
acquisition for our lenders through automation, and to ensure that
everyone has the ability to pursue the dream of homeownership,”
said Joe Tyrrell, President of ICE Mortgage Technology. “So,
providing a technology platform that supports all loan products,
especially those designed to help the underserved markets, is
consistent with our mission and our beliefs.”
Encompass has been delivering innovative solutions to drive
compliance, quality, and automation in the housing market for more
than 20 years. The new Encompass 21.3 release will also offer
expanded capabilities for originating mortgage loans, including
simple interest and options supporting a $0.00 payment with and
without a disclosed balloon, improved workflows for home equity
loans and HELOCs, simple interest amortization calculations and
payments, as well as automated service ordering for additional
mortgage service categories.
ICE Mortgage Technology is also partnering with multiple state
Housing Finance Authorities to include support for generating
required agreements to support their products within the Encompass
Docs solution. By offering this flexibility to lenders,
organizations like Habitat for Humanity can continue to make and
offer affordable homes to families who wouldn’t otherwise realize
their dream of home ownership.
“Our vision is a world where everyone has a decent place to
live,” said Janice Jensen, President and CEO of Habitat for
Humanity East Bay/Silicon Valley. “ICE Mortgage Technology has
demonstrated, for years, their commitment to that vision by
providing funding, volunteers, and professional expertise to our
cause. Enhancing their lending platform to increase access for
first time buyers, often left out of the housing market, is more of
the same and we applaud this effort!”
Find out more information about Encompass by ICE Mortgage
Technology by accessing the latest brochure:
https://static.elliemae.com/pdf/encompass-platform-overview.pdf.
ICE Mortgage Technology combines technology, data and expertise
to help automate the 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 high levels of
compliance, quality and efficiency. Visit icemortgagetechnology.com
or call (877) 355-4362 to learn more.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate exchanges,
including the New York Stock Exchange, and clearing houses that
help people invest, raise capital and manage risk across multiple
asset classes. Our comprehensive fixed income data services and
execution capabilities provide information, analytics and platforms
that help our customers capitalize on opportunities and operate
more efficiently. At ICE Mortgage Technology, we are transforming
and digitizing the U.S. residential mortgage process, from consumer
engagement through loan registration. Together, we transform,
streamline and automate industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for certain
products covered by the EU Packaged Retail and Insurance-based
Investment Products Regulation can be accessed on the relevant
exchange website under the heading “Key Information Documents
(KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2020, as
filed with the SEC on February 4, 2021.
© 2021 ICE Mortgage Technology, Inc. All rights reserved.
Encompass® and the ICE Mortgage Technology logo are trademarks of
the entities of ICE Mortgage Technology, Inc.
Source: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20211020005041/en/
PRESS CONTACT Sara Holtz ICE Mortgage Technology (925)
227-2193 sara.holtz@ice.com
Jenny Gendron ICE Mortgage Technology (925) 227-3490
jenny.gendron@ice.com
ICE INVESTOR RELATIONS CONTACT Mary Caroline O’Neal
marycaroline.oneal@ice.com (770) 738 2151 investors@ice.com
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