Latest Encompass innovations deliver significant pricing automation and efficiency

Streamlined repricing, eligibility and lock processes reduce delays, improve efficiency and drive ROI

Historically lenders have spent significant time and effort managing the manual processes associated with re-evaluating eligibility and repricing loans when critical factors such as credit scores, appraised property values, loan amounts, income, employment status or other material data changes occur after a loan is locked. These manual tasks can cause delays and inefficiencies.

Intercontinental Exchange today announced several enhancements within the Encompass® digital mortgage loan origination platform to drive efficiency across loan manufacturing – most notably a Rate Lock Comparison Tool, which enables lenders to automatically detect and adjust for changes to a loan that may affect pricing and eligibility.

The Rate Lock Comparison Tool, integrated with Encompass’s native product and pricing engine, ICE PPE, transforms this process by tracking loan data and comparing it against predefined locked criteria. This new feature enables lenders to create automation rules so that when material data changes occur, lenders are notified and can reprice and relock loans directly within Encompass.

This advanced automation enables loan officers to have up-to-date information, while providing secondary marketing teams with robust risk management controls. By streamlining the repricing and locking workflow, the tool not only minimizes errors and delays, but also enhances operational efficiency, ultimately driving faster loan processing, higher ROI, and a vastly improved customer experience.

"These innovations underscore our dedication to simplifying the mortgage process from start to finish,” said Tim Bowler, President of ICE Mortgage Technology. “By equipping lenders with the ability to independently review and reprice loans we are helping our clients deliver faster, more efficient service to today’s home buyers.”

ICE is investing heavily in continuous innovation across the entire housing finance ecosystem. In 2024 that included several major Encompass enhancements, including increased automation, expanded affordable lending support, streamlined document management and a simplified underwriting process.

By delivering cutting-edge technology within an inclusive collaborative network, ICE helps expand access to homeownership, making the American dream of owning a home more affordable and achievable for households nationwide.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this post 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, 2024, as filed with the SEC on February 6, 2025.