Accelerating asset verification to help lenders scale the underwriting process

Asset verification is one of the most critical and most time-consuming steps in mortgage underwriting. Manual asset review workflows can introduce errors, create delays and increase the risk of loan file defects, all of which impact cycle times and the borrower experience. To address this, ICE Mortgage Technology is expanding its partnership with Finicity, a Mastercard company, by introducing the integration of Mastercard’s Verification of Assets and Income (VOAI) report with the ICE Mortgage Analyzers. This integration, available with ICE’s 26.2 Major Release in July, delivers near real-time borrower asset verification directly within the ICE Asset Analyzer tool and Encompass. Connecting trusted, verified and securely transmitted bank information directly to a lender’s loan files can help lenders accelerate the path to closing while improving loan file accuracy.

With this integration, Encompass users will gain access to a direct stream of digital, up-to-date asset data sourced from financial institutions. This enables a faster, more accurate analysis of borrower assets that directly supports stronger underwriting decisions without the traditional hurdles of manual document reviews.

Assessing the financial risk of a borrower is a critical step in the lending process with wide implications. Yet, many organizations continue to depend on manual, paper-based processes and static documentation to validate borrower assets. As the volume and complexity of financial data grows, the need for automated, secure and timely asset verification becomes more critical for sustaining loan quality and compliance.

The problem is speed and accuracy. Every document carries the risk of human error, missing pages or outdated information. When underwriters spend their valuable time hunting down missing bank statements or verifying large deposits line by line, operational costs increase and loan cycle times stretch further out. That's where ICE’s newest integration comes in.

The new integration may significantly enhance the asset verification process by enabling lenders to leverage trusted, secure source data directly from financial institutions through ICE’s Asset Analyzer tool, which is available as a standalone solution or natively within Encompass. Once a mortgage applicant consents to data sharing, Mastercard securely transmits the data to the ICE Mortgage Analyzers, which have the capability to then calculate assets and reserves, flag large deposits and identify recurring withdrawal patterns.

By capturing source data directly from financial institutions rather than static documents, insights into potential loan file issues can surface in significantly less time. Underwriters receive a clear, actionable set of results rather than a stack of paperwork to decipher.

Mortgage lenders who leverage this enhanced integration within their native underwriting workflow can realize measurable improvements to their manufacturing process.

Buyback risk is one of the most significant financial exposures a lender faces. By pulling verified data directly from the source, the integration can surface missing, incomplete or inconsistent asset information early in the underwriting process before it becomes a loan file defect. The result is cleaner files, more confident underwriting decisions and, as a result, can help reduce repurchase risk.

The expanded integration introduces an exception-based workflow that shifts underwriters away from routine calculations and toward higher-value decision-making responsibilities. Rather than reviewing every line of a bank statement, underwriters using the integration can instead focus only on flagged anomalies and large deposits. This improved workflow can help increase capacity, reduce turnaround time and allow lending teams to handle greater loan volume without adding headcount.

The expanded integration leverages the Encompass Partner Connect API framework, enabling lenders who use Finicity verification services for asset verification services to get even more out of their existing investment across the ICE technology stack. By maximizing the value of both the Finicity platform and the ICE Mortgage Technology portfolio, lenders have an opportunity to operate with greater efficiency and scale.

With this expanded integration, ICE Mortgage Technology continues its commitment to delivering innovative solutions that drive operational efficiency, improve accuracy and lower risks across the mortgage industry. By leveraging direct, secure source data within ICE Asset Analyzer and Encompass, lenders are positioned to operate with greater agility and confidence in an increasingly complex regulatory and market environment.

The integration will be available at no additional cost to eligible lenders who subscribe to both the ICE Mortgage Analyzers solution and use the VOAI Transaction Report. This synergy helps underwriting teams to deliver faster decisions, reduce manual workload and ultimately can help lower costs for both lenders and borrowers.

Now is the time to prepare teams and systems for the 26.2 Major Release in July 2026. Contact our team to learn more about how you can subscribe to ICE Mortgage Analyzers or contact [email protected] to sign up for Mastercard verification reports.