The mortgage industry deals with a vast amount of personal and financial data, including credit scores, income and employment details, bank account information, and property appraisals. As mortgage banks increasingly rely on technology to streamline their borrowers and better serve their customers, it is important to ensure that data security and privacy in mortgage technology…
The mortgage industry is known for its complex workflows that involve multiple stakeholders, tedious paperwork, and time-consuming processes. However, with the advent of technology, there are now powerful tools such as Jungo and Encompass 360 available that can help streamline mortgage workflows and improve overall efficiency. The integration of Jungo with Encompass 360 will provide…
Compliance is a critical aspect of the mortgage industry, and mortgage banks must adhere to a variety of regulations and laws to operate successfully. With its inherent features and tools, Encompass 360 can help mortgage banks in managing compliance. Regulatory requirements for mortgage banks: Mortgage banks are subject to various regulations and laws that govern…
Digital transformation has become a critical priority for businesses across industries, and mortgage banks are no exception. With increased competition, changing customer expectations, and evolving regulatory requirements, mortgage banks must embrace digital transformation in order to remain relevant and competitive. Mortgage banks must have the right digital transformation strategies in place to achieve the transformation…
Alias plan codes in Encompass 360 are codes that are used to group together sets of loan programs or products with similar characteristics. Alias plan codes are a useful tool for lenders using Encompass 360 to manage their loan programs and products efficiently and effectively Advantages of Alias plan codes: Alias plan codes allow lenders…
Document training is the process of associating an eFolder file attachment with an eFolder document. After a file has been trained, future copies of the file attachment will be automatically assigned to the document when imported into the eFolder. Therefore document training within Encompass will save time by automating the file assignment process within Encompass.…
Encompass eClose is a recent offering from Ice Mortgage Technology which enables lenders to electronically facilitate every aspect of the eClosing workflow from ordering documents, to delivering loans to investors, all from a single solution. Lenders will gain access to the industry’s largest ecosystem of participants by leveraging one underlying data source that is delivered…
In the modern mortgage industry, leads and opportunities can come from different sources and angles – there’s lead generation that exists online doing marketing as well as leads that come from real estate agents, referral partners and past clients. So, it is important to automate most of the lead generation for mortgage lenders and make…
To stay in business you need to be aware of technological advancements relevant to your business. New technology can vastly affect your business and adapting to the right new technology for your business is vitally important. The Loan Origination System is one such technological advancement that the lenders needs to be aware of. Let’s…
Ice Mortgage has come up with a new feature “Enhanced Conditions” and it will be introduced with the Encompass 20.2 release. The new administrative settings and its options will be available to loan officers and other loan team members in the Encompass eFolder. Let us discuss the Enhanced Conditions in detail. Enhanced Conditions They…