Flueid and ICE Mortgage Technology join forces for seamless loan origination

Flueid and ICE Mortgage Technology join forces for seamless loan origination

Flueid, an innovative technology company specialising in real estate transactions, has recently announced its integration with Encompass, a product of ICE Mortgage Technology, which is part of the global data, technology and market infrastructure company, Intercontinental Exchange.

Flueid ICE Mortgage Technology IntegrationThe partnership aims to embed Flueid’s patented platform, Flueid Decision, into Encompass, enabling lenders to access crucial property and consumer data at the initial stage of the loan origination process. This integration is set to streamline the home equity and refinance loan origination processes, and target the objective of a 5-day close for home equity and a 10-day close for refinancing.

Flueid stands as a trailblazer in the real estate industry, with its unique approach of integrating title data and intelligence into every real estate workflow. On the other hand, Encompass by ICE Mortgage Technology is a cutting-edge digital mortgage solution that enables lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency.

The integration will enable loan officers and underwriters to quickly check title at loan application and review pivotal insights. It will also help lenders identify which transactions are cleared for an accelerated closing, thereby boosting their competitive edge. The integration promises to shorten cycle times, reduce loan fallout and costs, improve data and decision accuracy, and simplify integration.

Matt Regan, EVP of Transaction Management Systems at Flueid said, “Lenders are increasingly under pressure to close home equity loans in as little as five days; Flueid recognized that hitting this mark requires a way to easily uncover and prioritize the most seamless opportunities in the pipeline.” He further emphasised the key role of Flueid Decision in providing actionable title insights to lenders at the early stage of loan origination.

Flueid Decision aims to further optimise the transaction process by offering a complementary product for title providers to digitise and automate title search best practices. This will ensure a match between the decision and insights a lender receives upfront at loan application and the title commitment or title condition report requested within Encompass.

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