ICE Fee Solutions
Are fee cures cutting into your profitability?
According to our recent whitepaper, The hidden cost of fee cures, where we studied nearly 90,000 loans, more than one in three loans resulted in a fee cure, with an average cost of $1,225 per loan. By mitigating fee cures, lenders who were part of the study could recover more than $1.2 million for every 1,000 loans originated.
Encompass® offers integrations to help you save time and money and provide a best-in-class customer experience. With our new integration of ICE Fee Solutions, you can streamline the fee service process, quickly access the information you need and obtain accurate Loan Estimate and Closing Disclosure fees to help minimize the risk of fee cures.
ICE Fee Solutions provides recording fees, transfer taxes, lender title premiums, owner title premiums, endorsements, settlement fees and inspection fees.
Also included in ICE Fee Solutions:
- Date Forward Calculator: Calculates future fee and property tax changes.
- Settlement Agent Gateway: Allows settlement agents and title underwriters to manage their fees and certify accuracy, use real-time effective dating and provide more transparency to lenders.
- ICE Tax for Loan Estimation: Provides fast, affordable nationwide property tax data for loan estimates and is part of our comprehensive suite of ICE Property Tax Solutions. ICE Tax for Closing Disclosures can be added to support all of your tax needs.