The origination process is primed for simplification. Too many lenders are still forced to spend countless hours manually entering data into their loan files. This is not only time-consuming, it also increases the likelihood of error, which further delay the origination process.
To streamline communication between all parties, CoreLogic has partnered with ICE Mortgage Technology, part of Intercontinental Exchange, a leading global provider of data, technology, and market infrastructure. This renewed partnership is a significant milestone in expanding the availability of the digital mortgage experience and delivery of a true digital mortgage workflow for lenders and their borrowers.
The combination of CoreLogic data with ICE Mortgage Technology’s state-of-the-art platform means that mortgage professionals will be able to work smarter, with end-to-end underwriting tools to get more done, with fewer errors.
By expanding its broad portfolio of CoreLogic solution integrations on the ICE Mortgage Technology Platform, Encompass users will soon have the ability to automate ordering of critical settlement services. Services including appraisals, credit reports, fraud reports, flood certifications and the many other services CoreLogic delivers through Encompass, creating an efficient and consistent, end-to-end digital mortgage solution.
CoreLogic platforms, including Mercury Network and TitlePort are already implementing new automation and expanding data delivery. Valuation, title and closing workflows are a critical focus for driving loan process efficiency and compliance through CoreLogic platforms in the Encompass workflow.
Earlier this Summer, CoreLogic kicked off projects to modernize all of its critical integrated solutions on the ICE Mortgage Technology Platform via Encompass Partner Connect to update critical data-driven processes and make these solutions available to thousands of mutual clients on the ICE Mortgage Technology Platform™.
With Encompass Partner Connect, a cloud-native third party-services integration platform from ICE Mortgage Technology, users will have the ability to automate the ordering of CoreLogic services, natively through the workflow automation within Encompass. For instance, lenders can benefit from benefit from new features such as automated service ordering and optimized user experience.
They’ll have the ability to leverage one-click service ordering and Automated Service Ordering (ASO) when applicable, as well as the capability to control and designate where to route specific documents of the service provider orders. Additionally, data and documents are automatically imported into the loan file.
“Our focus on automating the entire workflow to provide a better experience for the consumer and our clients is a shared priority with CoreLogic,” said Parvesh Sahi, Senior Vice President of Business and Client Development, ICE Mortgage Technology. “By automating the ordering of the wide array of solutions that CoreLogic has on our platform we will make it easier for our customers to originate or acquire more loans, at lower costs, and in a fraction of the time.”
CoreLogic’s solutions are available directly from within Encompass by ICE Mortgage Technology for any Encompass user.
In addition, by leveraging CoreLogic data and the advanced workflow tools, lenders can save time, provide a better user experience and maximize efficiencies. The new integration methodology also allows CoreLogic product updates (i.e. status, comments, product reports and data) to be automatically pushed to Encompass without a user having to manually watch and request updates.
“When CoreLogic’s solutions and data are combined with the automated operational benefits of the Encompass Partner Connect APIs, users will get a robust end-to-end solution that will reduce errors, save time, and save money – leading to a better overall customer experience,” said Michael Mitchell, Executive, Business Development for CoreLogic.
Encompass users will receive ongoing announcements over the next 18-months introducing CoreLogic’s new solutions and enhanced user experiences leveraging Encompass Partner Connect.
Michael Mitchell, Executive, Business Development, CoreLogic
As Distribution Partnerships leader for CoreLogic, Mike Mitchell and his team are responsible for all 3rd party channel partner relationships across the CoreLogic enterprise
